---
schema_version: "secwatch.filing_event.v1"
accession: "0001437749-22-028515"
form_type: "8-K"
ticker: "PPIH"
cik: "0000914122"
company_name: "Perma-Pipe International Holdings, Inc."
filed_at: "2022-12-06T23:59:59+00:00"
generated_at: "2026-06-21T09:21:00.696773+00:00"
event_type: "earnings"
sentiment: "positive"
materiality_score: 0.65
calibrated_materiality_score: 0.65
confidence: "high"
source: SEC EDGAR
---

# Perma-Pipe reports Q3 net sales $37.9M, income before tax $2.9M, backlog $47M

## Summary
- Net sales $37.9M (+$2.7M YoY); income before tax $2.9M vs $1.5M in Q3 2021.
- Recorded $0.9M non-cash pre-tax charge from pension plan termination.
- Backlog $47.0M at Oct 31, 2022, up from $39.3M at Jan 31, 2022 (+$7.7M).
- Year-to-date pre-tax earnings up 45% excluding non-recurring items.
- Strong oil & gas demand in Canada and growth in district heating/cooling market.

## SEC filing metadata
- accession: 0001437749-22-028515
- form_type: 8-K
- ticker: PPIH
- cik: 0000914122
- company_name: Perma-Pipe International Holdings, Inc.
- filed_at: 2022-12-06T23:59:59+00:00
- event_type: earnings
- sentiment: positive
- materiality_score: 0.65
- calibrated_materiality_score: 0.65
- confidence: high
- sec_items: 2.02, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/914122/000143774922028515/0001437749-22-028515-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/914122/000143774922028515/ppih20220907_8k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001437749-22-028515
- JSON: https://secwatch.observer/filing/0001437749-22-028515.json
- Plain text: https://secwatch.observer/filing/0001437749-22-028515.txt

## Key facts
- Earnings Releases
  Perma-Pipe International Holdings, Inc. reported third quarter ended October 31, 2022 results: revenue $37.9 million.
  - Period: third quarter ended October 31, 2022
  - Revenue: $37.9 million
  - Result: reported results
  source text: Perma-Pipe International Holdings, Inc. (NASDAQ: PPIH) announced today financial results for the third quarter ended October 31, 2022 . "Revenues for the third quarter were $37.9 million, an increase of $2.7 million versus the same quarter last year. The resulting income from operations of $2.9 million was also an increase from the $1.5 million earned in the same quarter of 2021, despite a $0.9 million non-cash pre-tax charge in the current quarter resulting from a pension plan termination," noted President and CEO David Mansfield.
  evidence_url: https://www.sec.gov/Archives/edgar/data/914122/000143774922028515/0001437749-22-028515-index.htm

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.