---
schema_version: "secwatch.filing_event.v1"
accession: "0001437749-25-014097"
form_type: "8-K"
ticker: "PPIH"
cik: "0000914122"
company_name: "Perma-Pipe International Holdings, Inc."
filed_at: "2025-05-01T23:59:59+00:00"
generated_at: "2026-05-23T01:48:25.867184+00:00"
event_type: "earnings"
sentiment: "positive"
materiality_score: 0.75
calibrated_materiality_score: 0.75
confidence: "high"
source: SEC EDGAR
---

# Perma-Pipe reports FY net sales $158.4M, backlog doubles to $138.1M

## Summary
- Net sales FY2024 $158.4M (+$7.7M YoY); Q4 $45.0M (+$4.8M). Gross margin improved to 34% from 28%.
- FY income before taxes $18.5M (+$8.6M); net income $9.0M (down $1.5M due to prior year tax benefit).
- Backlog at Jan 31, 2025: $138.1M (+102% vs $68.4M). CEO cites large project awards and Qatar opportunities.
- Saudi Arabia JV and new Canada facility show increased activity; effective tax rate 29.1% vs (33.6%).

## SEC filing metadata
- accession: 0001437749-25-014097
- form_type: 8-K
- ticker: PPIH
- cik: 0000914122
- company_name: Perma-Pipe International Holdings, Inc.
- filed_at: 2025-05-01T23:59:59+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/914122/000143774925014097/0001437749-25-014097-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/914122/000143774925014097/ppih20241224_8k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001437749-25-014097
- JSON: https://secwatch.observer/filing/0001437749-25-014097.json
- Plain text: https://secwatch.observer/filing/0001437749-25-014097.txt

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