---
schema_version: "secwatch.filing_event.v1"
accession: "0001437749-24-028926"
form_type: "8-K"
ticker: "PPIH"
cik: "0000914122"
company_name: "Perma-Pipe International Holdings, Inc."
filed_at: "2024-09-11T23:59:59+00:00"
generated_at: "2026-05-31T05:33:05.174751+00:00"
event_type: "earnings"
sentiment: "positive"
materiality_score: 0.75
calibrated_materiality_score: 0.75
confidence: "high"
source: SEC EDGAR
---

# Perma-Pipe Q2 net income jumps 222% to $3.3M on revenue of $37.5M; backlog $75.5M

## Summary
- Net sales Q2 $37.5M (+7% YoY); net income attributable to common stock $3.3M (+222% vs $1.0M).
- Gross margin improved to 36% vs 27% last year; YTD net income $4.7M vs loss $0.1M.
- Backlog $75.5M at July 31, +10% from Jan 31; additional $46M+ awards secured post-quarter in MENA region.
- Management cites infrastructure spending in Saudi Arabia, India, UAE as key growth drivers.
- Effective tax rate decreased to 23% (Q2) and 25% (YTD) due to recognizing US tax benefits.

## SEC filing metadata
- accession: 0001437749-24-028926
- form_type: 8-K
- ticker: PPIH
- cik: 0000914122
- company_name: Perma-Pipe International Holdings, Inc.
- filed_at: 2024-09-11T23:59:59+00:00
- event_type: earnings
- sentiment: positive
- materiality_score: 0.75
- calibrated_materiality_score: 0.75
- confidence: high
- sec_items: 2.02, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/914122/000143774924028926/0001437749-24-028926-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/914122/000143774924028926/ppih20240625_8k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001437749-24-028926
- JSON: https://secwatch.observer/filing/0001437749-24-028926.json
- Plain text: https://secwatch.observer/filing/0001437749-24-028926.txt

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