secwatch.observer — SEC 8-K summary
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Issuer:     Perma-Pipe International Holdings, Inc. (PPIH)
CIK:        0000914122
Form:       8-K
Filed at:   2022-06-07T23:59:59+00:00
Accession:  0001437749-22-014510
Event type: earnings
Sentiment:  neutral
Materiality: 0.60
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Perma-Pipe Q1 net sales $31.2M (+28% YoY); backlog surges 50% to $59.2M
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- Net sales $31.2M vs $24.4M Q1 2021; income from operations improved to $0.2M from -$0.9M.
- Gross profit rose to $7.0M (23% of sales) from $4.5M (18%) on higher volumes and mix.
- Backlog at April 30, 2022 was $59.2M, up 50% from $39.3M at Jan 31, 2022.
- Net loss remained $0.9M, similar to prior year; effective tax rate volatile at -455.9%.
- Increased activity in Canadian oil & gas and Saudi construction projects cited.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/914122/000143774922014510/0001437749-22-014510-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/914122/000143774922014510/ppih20220420_8k.htm
  HTML page:      https://secwatch.observer/filing/0001437749-22-014510

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer