Highest-materiality recent filing
Perma-Pipe shareholders elect five directors, approve say-on-pay, ratify PwC auditor
All five director nominees elected: Al Kuwari, Biro, Sagr, Sherrill, Zakhour with >3.2M votes for each.
Perma-Pipe Q1 net income $1.8M vs $5.0M; sales up 7.5% to $50.3M; backlog $136.5M
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.
Perma-Pipe Reports Record Q4 and FY2025 Results with Net Sales Up 33% and Net Income Up 89%
Net sales for FY2025 increased 33.1% to $210.9 million from $158.4 million prior year.
Perma-Pipe enters $18M asset-based revolving credit facility with JPMorgan Chase
Revolving commitment of $18M, including $1.5M sublimit for letters of credit.
Perma-Pipe appoints Nancy Zakhour (independent) and CEO Saleh Sagr to board
Nancy Zakhour appointed independent director effective April 8, 2026; serves on Audit, Compensation, and Nominating & Governance committees.
Perma-Pipe announces new Northeast facility for AI data centers, ends strategic review
New facility in Northeast U.S. to serve AI data centers and district heating/cooling, operational Q2 2026.
Director David B. Brown resigns from Perma-Pipe board effective Jan 15, 2026
David B. Brown resigned as director effective January 15, 2026.
Perma-Pipe Q3 net sales $61.1M (+46.9% YoY), EPS $0.77, backlog $148.9M
Net sales $61.1M, up 46.9% YoY driven by Middle East and North America volumes.
Perma-Pipe appoints Richard M. Sherrill to board; McNally resigns effective Dec 5, 2025
Richard M. Sherrill appointed to Board effective December 5, 2025; will serve on Audit, Compensation, and Nominating & Governance Committees.
Perma-Pipe Q2 sales up 27.7% to $47.9M; initiates strategic alternatives review
Net sales $47.9M (up 27.7% YoY); backlog $157.8M (up 109% YoY from July 2024).
Two Perma-Pipe directors resign after failing to receive majority votes at 2025 annual meeting
Directors David B. Brown and Robert J. McNally tendered resignations after receiving less than a majority of votes cast at the Annual Meeting.
Two Perma-Pipe directors resign after majority vote failure; Biro named Chairman
Directors David B. Brown and Robert J. McNally received less than majority votes cast (1.57M for vs 3.16M against) and tendered resignations; Board decision by July 25.
Perma-Pipe director David J. Mansfield resigns from Board effective June 23, 2025
David J. Mansfield resigned as Board member and will not stand for re-election, effective immediately June 23, 2025.
Perma-Pipe Q1 sales $46.7M, net income $5.0M, backlog doubles YoY to $131.1M
Net sales $46.7M, up 36% YoY from $34.3M; net income attributable to common stock $5.0M (+243% vs $1.4M).
Perma-Pipe appoints Saleh Sagr as President and CEO following departure of David Mansfield
David Mansfield departed as CEO effective June 7, 2025.
Perma-Pipe reports FY net sales $158.4M, backlog doubles to $138.1M
Net sales FY2024 $158.4M (+$7.7M YoY); Q4 $45.0M (+$4.8M). Gross margin improved to 34% from 28%.
CEO David Mansfield to retire by Nov 8, 2025; Saleh Sagr appointed President
David Mansfield, 64, notified board of retirement as CEO on or before November 8, 2025.
Perma-Pipe appoints Jon C. Biro to Board, effective March 4, 2025
Board expanded to seven directors; Biro will serve on Audit, Compensation, and Nominating/Governance committees.
Board amended bylaws to replace plurality with majority vote standard in uncontested director elections.
Ibrahim Jaham Al Kuwari appointed to Board effective Jan 6, 2025; joins Audit, Compensation, and Nominating Committees.
Perma-Pipe Q3 net sales $41.6M (-9% YoY); net income $2.5M (+29%); backlog hits $114.2M
Q3 net sales $41.6M vs $45.7M prior year; net income $2.5M vs $1.9M, up 29%.
Perma-Pipe restating Q2 FY2024 results due to accounting errors; prior filings no longer reliable
Audit Committee non-reliance on unaudited financials for six months ended July 31, 2024 due to duplicate invoice and intercompany errors.
Perma-Pipe Q2 net income jumps 222% to $3.3M on revenue of $37.5M; backlog $75.5M
Net sales Q2 $37.5M (+7% YoY); net income attributable to common stock $3.3M (+222% vs $1.0M).
Perma-Pipe annual meeting elects directors; one nominee gets 42% support, down from 96% in 2023
All five director nominees elected; Jerome T. Walker received 2.06M for, 2.74M against (42% support).
Perma-Pipe dismisses Grant Thornton, appoints PwC as auditor for FY2025
Dismissed Grant Thornton effective June 17, 2024; appointed PricewaterhouseCoopers LLP for fiscal year ending Jan 31, 2025.
Perma-Pipe Q1 net income $1.4M, reversing $1.1M loss; revenue up 15%
Net sales $34.3M, up 15% YoY from $29.7M, driven by Middle East and India.
Perma-Pipe Q4 net income $8.6M; FY net income $10.5M; backlog $68.4M, up 78%
Q4 net sales $40.2M, up from $36.4M; FY net sales $150.7M, up 6% from $142.6M.
Perma-Pipe Q3 net sales up 21% to $45.7M; income before taxes $4.9M
Net sales $45.7M (+21% YoY); income before taxes $4.9M vs $2.9M in Q3 2022.
Perma-Pipe appoints Matthew Lewicki as CFO; Bryan Norwood retires
Matthew Lewicki named VP, CFO, Secretary and Treasurer effective Oct 2, 2023.
Perma-Pipe Q2 net sales $35.1M (-5% YoY); net income $1.0M vs $1.9M
Net sales $35.1M, down from $37.0M in Q2 2022; gross profit $9.5M (27% of sales).
All five director nominees elected with over 96% of votes cast (vs. ~93% in 2022).
Perma-Pipe Q1 net sales down 5% to $29.7M; backlog jumps 54% to $59.4M
Net sales $29.7M vs $31.2M in Q1 2022; net loss $1.1M vs $0.9M.
Perma-Pipe appoints Matthew E. Lewicki as Chief Accounting Officer
Matthew E. Lewicki appointed Chief Accounting Officer effective May 1, 2023.
Perma-Pipe Q4 net income $3.2M on $36.4M revenue; FY revenue up 3% to $142.6M
Q4 net sales $36.4M (-$2.7M YoY); net income $3.2M (+$0.2M YoY) with gross margin improving to 28%.
Perma-Pipe COO Grant W. Dewbre resigns effective July 4, 2023
COO Grant W. Dewbre informed the company of his resignation on April 11, 2023.
Perma-Pipe forms 60/40 JV with Gulf Insulation Group in Saudi Arabia
JV will provide pre-insulated piping, fabrication, epoxy coating, and leak detection for customers in Saudi Arabia, Kuwait, and Bahrain.
Perma-Pipe International Holdings authorizes $965K share repurchase program for next 12 months
Board authorized use of $965 thousand remaining under prior repurchase program that expired October 3, 2022.
Perma-Pipe reports Q3 net sales $37.9M, income before tax $2.9M, backlog $47M
Net sales $37.9M (+$2.7M YoY); income before tax $2.9M vs $1.5M in Q3 2021.
Perma-Pipe Q2 sales $37M, ops income $2.8M; backlog rises to $58M
Net sales $37.0M in Q2 2022 vs $39.8M in Q2 2021, down 7% due to project timing.
Perma-Pipe shareholders re-elect all five directors and approve say-on-pay at 2022 annual meeting
All five director nominees elected with over 93% of votes cast.
Perma-Pipe Q1 net sales $31.2M (+28% YoY); backlog surges 50% to $59.2M
Net sales $31.2M vs $24.4M Q1 2021; income from operations improved to $0.2M from -$0.9M.
Perma-Pipe Q4 net sales $39.1M, net income $3.0M; FY net income $6.1M vs loss prior year
Q4 net sales $39.1M (+84% YoY); net income $3.0M vs loss of ($2.5M) YoY.
Perma-Pipe appoints Robert McNally to board; David Barrie not standing for re-election
David Barrie notified Board on Feb 14, 2022 he will not stand for re-election at 2022 annual meeting.
Perma-Pipe VP and CHRO Wayne Bosch to retire effective July 3, 2022
Wayne M. Bosch notified Perma-Pipe on Jan 3, 2022 of his intent to retire as VP and Chief Human Resources Officer.
Perma-Pipe Q3 net sales $35.2M (+73% YoY); net income $0.5M vs loss $2.9M
Net sales $35.2M in Q3, up 73% from $20.3M YoY; net income $0.5M vs loss $2.9M.
Perma-Pipe announces $3.0M share repurchase program over 12 months
Board authorized $3.0M share repurchase program, effective Oct. 4, 2021, over 12 months.
New five-year $18M senior secured revolver with PNC Bank, borrowing base subject to reserves.
Perma-Pipe Q2 net sales surge 95% to $39.8M; net income rises to $3.4M from $0.3M
Net sales $39.8M (Q2 2021) vs $20.4M in Q2 2020; pre-tax income $4.3M vs $0.2M.
On June 23, 2025, David J. Mansfield notified the Board of Directors (the "Board") of Perma-Pipe International Holdings, Inc. (the "Company") of his resignation as a member of the Board, effective immediately, as well as his decision not to stand for re-election to the Board.
the Company announced that effective June 7, 2025, Mr. David Mansfield, age 65, has departed and is no longer serving as the Chief Executive Officer.
On June 12, 2025, the Company appointed Saleh Sagr, age 55, who previously served as the Company's President, to the position of President and Chief Executive Officer, effectively immediately.
On March 31, 2025, the Company appointed Saleh Sagr, age 55, as President.
Concurrent with this announcement, the Company has appointed Saleh Sagr as President, with Mr. Mansfield remaining as the Chief Executive Officer.
O n February 26, 2025 , the Board of Directors (the "Board") of Perma-Pipe International Holdings, Inc. (the "Company") increased the size of the Board to seven directors and appointed Mr. Jon C. Biro to the Board, effective March 4, 2025.
Jerome T. Walker notified the Board that he would not stand for re-election as a director of the Company at the 2025 Annual Meeting of Stockholders.
The Board of Directors (the "Board") of Perma-Pipe International Holdings, Inc. (the "Company") appointed Ibrahim Jaham Al Kuwari to the Board, effective January 6, 2025.
Cynthia Boiter notified the Board of her resignation as a member of the Board, effective May 1, 2025, for personal reasons.
On September 29, 2023, Mr. David Bryan Norwood provided notice to Perma-Pipe International Holdings, Inc. (the “Company”) of his intent to retire as the Company’s Vice President and Chief Financial Officer, Secretary and Treasurer effective October 2, 2023.
On October 2, 2023, the Company appointed Matthew Lewicki, age 41, as Vice President and Chief Financial Officer, Secretary and Treasurer of the Company.
On May 1, 2023, Perma-Pipe International Holdings, Inc. (the "Company") appointed Matthew E. Lewicki to the position of Chief Accounting Officer.
Max materiality 0.90 · Median 0.60 · Most common event earnings