---
schema_version: "secwatch.filing_event.v1"
accession: "0001437749-23-017355"
form_type: "8-K"
ticker: "PPIH"
cik: "0000914122"
company_name: "Perma-Pipe International Holdings, Inc."
filed_at: "2023-06-14T23:59:59+00:00"
generated_at: "2026-06-14T01:43:30.623968+00:00"
event_type: "earnings"
sentiment: "neutral"
materiality_score: 0.5
calibrated_materiality_score: 0.5
confidence: "high"
source: SEC EDGAR
---

# Perma-Pipe Q1 net sales down 5% to $29.7M; backlog jumps 54% to $59.4M

## Summary
- Net sales $29.7M vs $31.2M in Q1 2022; net loss $1.1M vs $0.9M.
- Backlog $59.4M at April 30, up 54% from $38.5M at Jan 31, driven by new awards in MENA and North America.
- Gross profit $6.8M (23% margin) comparable to prior year; G&A down 4% to $5.5M.
- ETR -207.7% due to inability to recognize US tax losses; net loss after tax disproportionate.

## SEC filing metadata
- accession: 0001437749-23-017355
- form_type: 8-K
- ticker: PPIH
- cik: 0000914122
- company_name: Perma-Pipe International Holdings, Inc.
- filed_at: 2023-06-14T23:59:59+00:00
- event_type: earnings
- sentiment: neutral
- materiality_score: 0.5
- calibrated_materiality_score: 0.5
- confidence: high
- sec_items: 2.02, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/914122/000143774923017355/0001437749-23-017355-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/914122/000143774923017355/ppih20230502_8k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001437749-23-017355
- JSON: https://secwatch.observer/filing/0001437749-23-017355.json
- Plain text: https://secwatch.observer/filing/0001437749-23-017355.txt

## Key facts
- Earnings Releases
  Perma-Pipe International Holdings, Inc. reported first quarter ended April 30, 2023 results: revenue $29.7 million, net income $(1.1) million.
  - Period: first quarter ended April 30, 2023
  - Revenue: $29.7 million
  - Net income: $(1.1) million
  - Result: reported results
  source text: Net sales were $29.7 million and $31.2 million in the three months ended April 30, 2023 and 2022, respectively.
  evidence_url: https://www.sec.gov/Archives/edgar/data/914122/000143774923017355/0001437749-23-017355-index.htm

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