Perma-Pipe Q2 net sales up 24% to $59.6M; EPS $0.31 vs $0.10

Perma-Pipe International Holdings, Inc.

Net sales $59.6M, +24.4% YoY; gross profit $17.4M, +20.7%; gross margin 29.2% vs 30.1%.
Net income attributable to common stock $2.5M ($0.31 diluted EPS) vs $0.9M ($0.10) prior year.
Q2 included $3.9M uncollectible receivable provision and $1.6M discrete tax benefit; adjusted pre-tax income $8.3M vs $4.9M.
Backlog $142.3M at July 31, 2026; >$67M new orders in Q2, including MENA oil/gas and first critical-cooling award.
New $75M revolver + $14M term loan with JPMorgan (Aug 25, 2026); repaid prior facility and Alberta mortgage.

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