secwatch.observer — SEC 8-K summary
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Issuer:     Perma-Pipe International Holdings, Inc. (PPIH)
CIK:        0000914122
Form:       8-K
Filed at:   2025-12-12T23:59:59+00:00
Accession:  0001437749-25-037632
Event type: earnings
Sentiment:  positive
Materiality: 0.85
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/914122/000143774925037632/0001437749-25-037632-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/914122/000143774925037632/ppih20250918_8k.htm
  HTML page:      https://secwatch.observer/filing/0001437749-25-037632

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