secwatch.observer — SEC 8-K summary
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Issuer:     Perma-Pipe International Holdings, Inc. (PPIH)
CIK:        0000914122
Form:       8-K
Filed at:   2025-05-01T23:59:59+00:00
Accession:  0001437749-25-014097
Event type: earnings
Sentiment:  positive
Materiality: 0.75
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Perma-Pipe reports FY net sales $158.4M, backlog doubles to $138.1M
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- 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%).

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/914122/000143774925014097/0001437749-25-014097-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/914122/000143774925014097/ppih20241224_8k.htm
  HTML page:      https://secwatch.observer/filing/0001437749-25-014097

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer