{"schema_version":"secwatch.filing_event.v1","accession":"0001437749-26-019929","form_type":"8-K","ticker":"PPIH","cik":"0000914122","company_name":"Perma-Pipe International Holdings, Inc.","filed_at":"2026-06-09T12:35:59+00:00","discovered_at":"2026-06-09T12:40:00.393814+00:00","generated_at":"2026-06-09T12:40:17.747692+00:00","sec_items":["2.02","9.01"],"event_type":"earnings","sentiment":"negative","materiality_score":0.65,"calibrated_materiality_score":0.65,"confidence":"high","headline":"Perma-Pipe Q1 net income $1.8M vs $5.0M; sales up 7.5% to $50.3M; backlog $136.5M","bullets":["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."],"urls":{"canonical":"https://secwatch.observer/filing/0001437749-26-019929","json":"https://secwatch.observer/filing/0001437749-26-019929.json","markdown":"https://secwatch.observer/filing/0001437749-26-019929.md","text":"https://secwatch.observer/filing/0001437749-26-019929.txt","edgar_index":"https://www.sec.gov/Archives/edgar/data/914122/000143774926019929/0001437749-26-019929-index.htm","edgar_primary_document":"https://www.sec.gov/Archives/edgar/data/914122/000143774926019929/ppih20260511_8k.htm"},"model":{"generated_by":"deepseek-v4-flash:cloud@v2","generated_at":"2026-06-09T12:40:17.747692+00:00"},"review":{"review_status":"machine_generated","human_reviewed":false,"corrected":false,"correction_note":null,"correction_timestamp":null,"superseded_by":null,"related_filings":[]},"source_grounded_claims":[{"claim_id":"be4d35a8dc5411b2e4c2caa657fec03852cb2856","claim":"Perma-Pipe International Holdings, Inc. reported first quarter ended April 30, 2026 results: revenue $50.3 million, net income $1.8 million.","evidence_excerpt":"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.","evidence_source":"SEC 8-K Item 2.02","evidence_url":"https://www.sec.gov/Archives/edgar/data/914122/000143774926019929/0001437749-26-019929-index.htm","confidence":0.95,"family_label":"Earnings Releases","details":[{"label":"Period","value":"first quarter ended April 30, 2026"},{"label":"Revenue","value":"$50.3 million"},{"label":"Net income","value":"$1.8 million"},{"label":"Result","value":"reported results"}],"fact_type":"earnings_release"}],"license":"Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer"}