---
schema_version: "secwatch.filing_event.v1"
accession: "0001437749-24-038156"
form_type: "8-K"
ticker: "PPIH"
cik: "0000914122"
company_name: "Perma-Pipe International Holdings, Inc."
filed_at: "2024-12-20T23:59:59+00:00"
generated_at: "2026-05-29T00:45:14.754938+00:00"
event_type: "other_material"
sentiment: "negative"
materiality_score: 0.7
calibrated_materiality_score: 0.7
confidence: "high"
source: SEC EDGAR
---

# Perma-Pipe restating Q2 FY2024 results due to accounting errors; prior filings no longer reliable

## Summary
- Audit Committee non-reliance on unaudited financials for six months ended July 31, 2024 due to duplicate invoice and intercompany errors.
- Duplicate invoice overstated PP&E and accounts payable by $1.4M in Middle East subsidiary.
- Intercompany errors: trade receivables overstated $0.4M, cash flow misstatements of $0.4-$0.5M.
- Existing material weaknesses in internal control to be expanded; Form 10-Q/A to be filed.

## SEC filing metadata
- accession: 0001437749-24-038156
- form_type: 8-K
- ticker: PPIH
- cik: 0000914122
- company_name: Perma-Pipe International Holdings, Inc.
- filed_at: 2024-12-20T23:59:59+00:00
- event_type: other_material
- sentiment: negative
- materiality_score: 0.7
- calibrated_materiality_score: 0.7
- confidence: high
- sec_items: 4.02
- EDGAR index: https://www.sec.gov/Archives/edgar/data/914122/000143774924038156/0001437749-24-038156-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/914122/000143774924038156/ppih20241216_8k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001437749-24-038156
- JSON: https://secwatch.observer/filing/0001437749-24-038156.json
- Plain text: https://secwatch.observer/filing/0001437749-24-038156.txt

## Key facts
- Auditor Changes
  Perma-Pipe International Holdings, Inc. reported that prior financial statements should not be relied upon.
  - Action: non reliance
  source text: ent and the Company's independent registered public accounting firm, concluded that the Company's unaudited consolidated financial statements in its Quarterly Report on Form 10-Q for the six m onths ended July 31, 2024, should no longer be relied upon due to the aggregate impact of certain errors as described below and should be restated. As a result, the Company will correct these errors by filing an amended Quarterly Report on Form 10-Q (the "Form 10-Q/A"), as soon as practicable.
  evidence_url: https://www.sec.gov/Archives/edgar/data/914122/000143774924038156/0001437749-24-038156-index.htm

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