---
schema_version: "secwatch.filing_event.v1"
accession: "0001437749-25-037632"
form_type: "8-K"
ticker: "PPIH"
cik: "0000914122"
company_name: "Perma-Pipe International Holdings, Inc."
filed_at: "2025-12-12T23:59:59+00:00"
generated_at: "2026-05-16T13:27:05.542084+00:00"
event_type: "earnings"
sentiment: "positive"
materiality_score: 0.85
calibrated_materiality_score: 0.85
confidence: "high"
source: SEC EDGAR
---

# Perma-Pipe Q3 net sales $61.1M (+46.9% YoY), EPS $0.77, backlog $148.9M

## Summary
- Net sales $61.1M, up 46.9% YoY driven by Middle East and North America volumes.
- GAAP diluted EPS $0.77 vs $0.31 in Q3 fiscal 2024; net income $6.3M (+152% YoY).
- Year-to-date net sales $155.8M (+37.4%), net income $12.1M (+68.1%), EPS $1.49.
- Backlog of $148.9M at Oct 31, 2025, up 7.8% from Jan 31, 2025, driven by strong demand across regions.
- Record earnings since transition from MFRI in 2017; includes ~$2M CEO departure charge and SOX compliance costs.

## SEC filing metadata
- accession: 0001437749-25-037632
- form_type: 8-K
- ticker: PPIH
- cik: 0000914122
- company_name: Perma-Pipe International Holdings, Inc.
- filed_at: 2025-12-12T23:59:59+00:00
- event_type: earnings
- sentiment: positive
- materiality_score: 0.85
- calibrated_materiality_score: 0.85
- confidence: high
- sec_items: 2.02, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/914122/000143774925037632/0001437749-25-037632-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/914122/000143774925037632/ppih20250918_8k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001437749-25-037632
- JSON: https://secwatch.observer/filing/0001437749-25-037632.json
- Plain text: https://secwatch.observer/filing/0001437749-25-037632.txt

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