---
schema_version: "secwatch.filing_event.v1"
accession: "0001437749-23-025921"
form_type: "8-K"
ticker: "PPIH"
cik: "0000914122"
company_name: "Perma-Pipe International Holdings, Inc."
filed_at: "2023-09-15T23:59:59+00:00"
generated_at: "2026-06-10T17:06:58.602074+00:00"
event_type: "earnings"
sentiment: "negative"
materiality_score: 0.6
calibrated_materiality_score: 0.6
confidence: "high"
source: SEC EDGAR
---

# Perma-Pipe Q2 net sales $35.1M (-5% YoY); net income $1.0M vs $1.9M

## Summary
- Net sales $35.1M, down from $37.0M in Q2 2022; gross profit $9.5M (27% of sales).
- Income before taxes $2.1M vs $2.8M; effective tax rate 45.2% due to U.S. valuation allowance.
- Backlog grew to $63.9M; Saudi JV commenced June 1; Eastern Canada expansion near completion.
- One-time $0.5M tax expense from pension plan termination; project schedules slipped.
- Net income attributable to common stock $1.0M (~$0.10 EPS) vs $1.9M in prior year.

## SEC filing metadata
- accession: 0001437749-23-025921
- form_type: 8-K
- ticker: PPIH
- cik: 0000914122
- company_name: Perma-Pipe International Holdings, Inc.
- filed_at: 2023-09-15T23:59:59+00:00
- event_type: earnings
- sentiment: negative
- materiality_score: 0.6
- calibrated_materiality_score: 0.6
- confidence: high
- sec_items: 2.02, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/914122/000143774923025921/0001437749-23-025921-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/914122/000143774923025921/ppih20230620_8k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001437749-23-025921
- JSON: https://secwatch.observer/filing/0001437749-23-025921.json
- Plain text: https://secwatch.observer/filing/0001437749-23-025921.txt

## Key facts
- Earnings Releases
  Perma-Pipe International Holdings, Inc. reported financial results for second quarter ended July 31, 2023.
  - Period: second quarter ended July 31, 2023
  - Result: reported results
  source text: On September 14, 2023, Perma-Pipe International Holdings, Inc. issued a press release announcing its financial results for its second quarter ended July 31, 2023.
  evidence_url: https://www.sec.gov/Archives/edgar/data/914122/000143774923025921/0001437749-23-025921-index.htm

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