---
schema_version: "secwatch.filing_event.v1"
accession: "0001437749-25-020262"
form_type: "8-K"
ticker: "PPIH"
cik: "0000914122"
company_name: "Perma-Pipe International Holdings, Inc."
filed_at: "2025-06-13T23:59:59+00:00"
generated_at: "2026-05-19T09:49:28.837236+00:00"
event_type: "earnings"
sentiment: "positive"
materiality_score: 0.75
calibrated_materiality_score: 0.75
confidence: "high"
source: SEC EDGAR
---

# Perma-Pipe Q1 sales $46.7M, net income $5.0M, backlog doubles YoY to $131.1M

## Summary
- Net sales $46.7M, up 36% YoY from $34.3M; net income attributable to common stock $5.0M (+243% vs $1.4M).
- Income before taxes $7.4M vs $2.6M; gross margin improved to 36% from 31% on better product mix.
- Backlog $131.1M at April 30, 2025, up 108% from $63.1M a year ago; down 5% from $138.1M at Jan 31.
- Record Q1 performance since 2017; management cites strength in Americas and MENA regions.

## SEC filing metadata
- accession: 0001437749-25-020262
- form_type: 8-K
- ticker: PPIH
- cik: 0000914122
- company_name: Perma-Pipe International Holdings, Inc.
- filed_at: 2025-06-13T23:59:59+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/914122/000143774925020262/0001437749-25-020262-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/914122/000143774925020262/ppih20250502_8k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001437749-25-020262
- JSON: https://secwatch.observer/filing/0001437749-25-020262.json
- Plain text: https://secwatch.observer/filing/0001437749-25-020262.txt

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