Perma-Pipe Q1 net income $1.8M vs $5.0M; sales up 7.5% to $50.3M; backlog $136.5M

Perma-Pipe International Holdings, Inc.

2027-Q1 EPS reported $0.22 revenue$50,265,000

Net sales rose 7.5% YoY to $50.3M; gross profit fell to $14.6M from $16.7M; net income attributable to common stock $1.8M vs $5.0M.
Backlog increased 12% to $136.5M from $121.6M at Jan 31, 2026, supported by AI-driven data center projects in North America.
Geopolitical developments in the Middle East caused near-term project timing delays; no cancellations, demand remains strong.
Gross profit pressured by project mix, Canada seasonal factors, and ramp-up costs at new Ohio and Qatar facilities.
Company will initiate quarterly earnings conference calls starting Q2 FY2026 to enhance investor transparency.

item 2.02 item 9.01

Key facts

Extracted from this filing and checked against the source text.

Earnings Releases SEC 8-K Item 2.02 confidence 0.95

Perma-Pipe International Holdings, Inc. reported first quarter ended April 30, 2026 results: revenue $50.3 million, net income $1.8 million.

Period: first quarter ended April 30, 2026
Revenue: $50.3 million
Net income: $1.8 million
Result: reported results

Exact text from the filing

Net sales were $ 50.3 million for the three months ended April 30, 2026, an increase of $ 3.6 million, or 7.5%, compared to $ 46.7 million in the same quarter of the prior year.

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Source: SEC EDGAR

accession 0001437749-26-019929

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