secwatch.observer — SEC 8-K summary
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Issuer:     Perma-Pipe International Holdings, Inc. (PPIH)
CIK:        0000914122
Form:       8-K
Filed at:   2023-06-14T23:59:59+00:00
Accession:  0001437749-23-017355
Event type: earnings
Sentiment:  neutral
Materiality: 0.50
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/914122/000143774923017355/0001437749-23-017355-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/914122/000143774923017355/ppih20230502_8k.htm
  HTML page:      https://secwatch.observer/filing/0001437749-23-017355

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