---
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"
generated_at: "2026-06-09T12:40:17.747692+00:00"
event_type: "earnings"
sentiment: "negative"
materiality_score: 0.65
calibrated_materiality_score: 0.65
confidence: "high"
source: SEC EDGAR
---

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

## Summary
- 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.

## SEC filing metadata
- 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
- event_type: earnings
- sentiment: negative
- materiality_score: 0.65
- calibrated_materiality_score: 0.65
- confidence: high
- sec_items: 2.02, 9.01
- 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

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001437749-26-019929
- JSON: https://secwatch.observer/filing/0001437749-26-019929.json
- Plain text: https://secwatch.observer/filing/0001437749-26-019929.txt

## Key facts
- Earnings Releases
  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
  source text: 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_url: https://www.sec.gov/Archives/edgar/data/914122/000143774926019929/0001437749-26-019929-index.htm

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