---
schema_version: "secwatch.filing_event.v1"
accession: "0001437749-25-029018"
form_type: "8-K"
ticker: "PPIH"
cik: "0000914122"
company_name: "Perma-Pipe International Holdings, Inc."
filed_at: "2025-09-15T23:59:59+00:00"
generated_at: "2026-05-17T06:42:21.720116+00:00"
event_type: "earnings"
sentiment: "neutral"
materiality_score: 0.75
calibrated_materiality_score: 0.75
confidence: "high"
source: SEC EDGAR
---

# Perma-Pipe Q2 sales up 27.7% to $47.9M; initiates strategic alternatives review

## Summary
- Net sales $47.9M (up 27.7% YoY); backlog $157.8M (up 109% YoY from July 2024).
- Net income $0.9M vs $3.3M; includes $2.1M one-time charge for former CEO departure.
- Gross profit $14.4M (up from $13.5M); G&A $10.0M (up from $6.0M) driven by one-time charge.
- Board authorized strategic alternatives review; Energy Capital Solutions and Gray Reed as advisors.
- Filer status changes to accelerated filer for FY2026 as public float exceeds $75M.

## SEC filing metadata
- accession: 0001437749-25-029018
- form_type: 8-K
- ticker: PPIH
- cik: 0000914122
- company_name: Perma-Pipe International Holdings, Inc.
- filed_at: 2025-09-15T23:59:59+00:00
- event_type: earnings
- sentiment: neutral
- 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/914122/000143774925029018/0001437749-25-029018-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/914122/000143774925029018/ppih20250623_8k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001437749-25-029018
- JSON: https://secwatch.observer/filing/0001437749-25-029018.json
- Plain text: https://secwatch.observer/filing/0001437749-25-029018.txt

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