---
schema_version: "secwatch.filing_event.v1"
accession: "0001437749-24-013322"
form_type: "8-K"
ticker: "PPIH"
cik: "0000914122"
company_name: "Perma-Pipe International Holdings, Inc."
filed_at: "2024-04-26T23:59:59+00:00"
generated_at: "2026-06-03T07:05:42.550029+00:00"
event_type: "earnings"
sentiment: "positive"
materiality_score: 0.7
calibrated_materiality_score: 0.7
confidence: "high"
source: SEC EDGAR
---

# Perma-Pipe Q4 net income $8.6M; FY net income $10.5M; backlog $68.4M, up 78%

## Summary
- Q4 net sales $40.2M, up from $36.4M; FY net sales $150.7M, up 6% from $142.6M.
- FY net income $10.5M (+78% YoY) includes $5.9M tax benefit from valuation allowance release.
- Backlog $68.4M vs $38.5M prior year; driven by Saudi Arabia, India, UAE infrastructure spending.
- Joint venture exceeded expectations; company planning expansion into Qatar via Tawteen program.
- One-time charges: $0.7M litigation settlement; pension plan termination costs included in other expense.

## SEC filing metadata
- accession: 0001437749-24-013322
- form_type: 8-K
- ticker: PPIH
- cik: 0000914122
- company_name: Perma-Pipe International Holdings, Inc.
- filed_at: 2024-04-26T23:59:59+00:00
- event_type: earnings
- sentiment: positive
- materiality_score: 0.7
- calibrated_materiality_score: 0.7
- confidence: high
- sec_items: 2.02, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/914122/000143774924013322/0001437749-24-013322-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/914122/000143774924013322/ppih20231130_8k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001437749-24-013322
- JSON: https://secwatch.observer/filing/0001437749-24-013322.json
- Plain text: https://secwatch.observer/filing/0001437749-24-013322.txt

## Key facts
- Earnings Releases
  Perma-Pipe International Holdings, Inc. reported its fiscal fourth quarter and 2023 fiscal year ended January 31, 2024 results: revenue $ 40.2 million for the quarter and $ 150.7 million for the year, net income $ 8.6 million for the quarter and $ 10.5 million for the year.
  - Period: its fiscal fourth quarter and 2023 fiscal year ended January 31, 2024
  - Revenue: $ 40.2 million for the quarter and $ 150.7 million for the year
  - Net income: $ 8.6 million for the quarter and $ 10.5 million for the year
  - Result: reported results
  source text: (847) 929-1200 investor@permapipe.com Perma-Pipe International Holdings, Inc. Announces Fourth Quarter and Fiscal 2023 Financial Results • The Company generated net sales of $ 40.2 million for the quarter and $ 150.7 million for the year • Income before income taxes of $ 3.2 million for the quarter and $ 9.9 million for the year • Net income of $ 8.6 million for
  evidence_url: https://www.sec.gov/Archives/edgar/data/914122/000143774924013322/0001437749-24-013322-index.htm

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