---
schema_version: "secwatch.filing_event.v1"
accession: "0001437749-26-029909"
form_type: "8-K"
ticker: "PPIH"
cik: "0000914122"
company_name: "Perma-Pipe International Holdings, Inc."
filed_at: "2026-09-09T11:31:51+00:00"
generated_at: "2026-09-09T11:35:04.614475+00:00"
event_type: "earnings"
sentiment: "positive"
materiality_score: 0.75
calibrated_materiality_score: 0.75
confidence: "high"
source: SEC EDGAR
---

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

## Summary
- 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.

## SEC filing metadata
- accession: 0001437749-26-029909
- form_type: 8-K
- ticker: PPIH
- cik: 0000914122
- company_name: Perma-Pipe International Holdings, Inc.
- filed_at: 2026-09-09T11:31:51+00:00
- event_type: earnings
- sentiment: positive
- materiality_score: 0.75
- calibrated_materiality_score: 0.75
- confidence: high
- sec_items: 2.02, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/914122/000143774926029909/0001437749-26-029909-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/914122/000143774926029909/ppih20260612_8k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001437749-26-029909
- JSON: https://secwatch.observer/filing/0001437749-26-029909.json
- Plain text: https://secwatch.observer/filing/0001437749-26-029909.txt

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