Perma-Pipe International Holdings, Inc. — fact timeline
Source-grounded facts extracted from Perma-Pipe International Holdings, Inc.'s SEC 8-K filings across all families, newest first. Each cites a verbatim SEC excerpt.
Perma-Pipe International Holdings, Inc. reported first quarter ended April 30, 2026 results: revenue $50.3 million, net income $1.8 million.
“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.”
Earnings Releases
Perma-Pipe International Holdings, Inc. reported fiscal fourth quarter and 2025 fiscal year ended January 31, 2026 results: revenue $ 55.1 million for the quarter and $ 210.9 million for the full year, net income $ 4.9 million for the quarter and $ 17.0 million for the full year, EPS $0.60 for the quarter and $2.09 for the full year.
“Perma-Pipe International Holdings, Inc. Announces Record Fourth Quarter and Fiscal 2025 Results; Net Sales Increase 33% and Net Income Grows 89% • Net sales increased to $ 55.1 million for the quarter and $ 210.9 million for the full year, compared to $45.0 million and $158.4 million in the prior year periods, respectively • Income before income taxes increased”
Debt Financings
Perma-Pipe International Holdings, Inc. incurred revolving credit of $18.0 million with JPMorgan Chase Bank, N.A. at CB Floating Rate plus applicable margin ranging from 1.50% to 2.00% or adjusted maturing October 7, 2027.
“The Credit Agreement provides for a senior secured asset‐based revolving credit facility with aggregate revolving commitments of $18.0 million”
Material Agreements
Perma-Pipe International Holdings, Inc. entered into Credit Agreement with JPMorgan Chase Bank, N.A. valued at $18,000,000 revolving credit facility (effective 2026-04-08).
“On April 8, 2026, Perma‐Pipe International Holdings, Inc. (the “Company”) entered into a Credit Agreement (the “Credit Agreement”) by and among the Company, as borrower, the other loan parties thereto, and JPMorgan Chase Bank, N.A., as lender (the “Lender”).”
David J. Mansfield resigned as Director at Perma-Pipe International Holdings, Inc..
“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.”
Saleh Sagr was appointed as President and Chief Executive Officer at Perma-Pipe International Holdings, Inc..
“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.”
David Mansfield departed as Chief Executive Officer at Perma-Pipe International Holdings, Inc..
“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.”
Governance Changes
Perma-Pipe International Holdings, Inc.: Amended and restated bylaws to bifurcate the roles of President and Chief Executive Officer, with President serving as Chief Operating Officer (effective 2025-03-31).
“To facilitate the newly created President officer role, the Company adopted amended and restated By-laws (the "By-laws"), effective March 31, 2025. The amendments provide for the bifurcation of the role of President and Chief Executive Officer, in which the role of President will serve in the capacity of Chief Operating Officer.”
Saleh Sagr was appointed as President at Perma-Pipe International Holdings, Inc..
“On March 31, 2025, the Company appointed Saleh Sagr, age 55, as President.”
David Mansfield retired as President at Perma-Pipe International Holdings, Inc..
“Concurrent with this announcement, the Company has appointed Saleh Sagr as President, with Mr. Mansfield remaining as the Chief Executive Officer.”
Jon C. Biro was appointed as Director at Perma-Pipe International Holdings, Inc..
“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.”
Cynthia Boiter resigned as Director at Perma-Pipe International Holdings, Inc..
“Cynthia Boiter notified the Board of her resignation as a member of the Board, effective May 1, 2025, for personal reasons.”
Jerome T. Walker departed as Director at Perma-Pipe International Holdings, Inc..
“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.”
Ibrahim Jaham Al Kuwari was appointed as Director at Perma-Pipe International Holdings, Inc..
“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.”
Auditor Changes
Perma-Pipe International Holdings, Inc. reported that prior financial statements should not be relied upon.
“ent and the Company's independent registered public accounting firm, concluded that the Company's unaudited consolidated financial statements in its Quarterly Report on Form 10-Q for the six m onths ended July 31, 2024, should no longer be relied upon due to the aggregate impact of certain errors as described below and should be restated. As a result, the Company will correct these errors by filing an amended Quarterly Report on Form 10-Q (the "Form 10-Q/A"), as soon as practicable.”
Earnings Releases
Perma-Pipe International Holdings, Inc. reported its fiscal fourth quarter and 2023 fiscal year ended January 31, 2024 results: revenue $ 40.2 million for the quarter and $ 150.7 million for the year, net income $ 8.6 million for the quarter and $ 10.5 million for the year.
“(847) 929-1200 investor@permapipe.com Perma-Pipe International Holdings, Inc. Announces Fourth Quarter and Fiscal 2023 Financial Results • The Company generated net sales of $ 40.2 million for the quarter and $ 150.7 million for the year • Income before income taxes of $ 3.2 million for the quarter and $ 9.9 million for the year • Net income of $ 8.6 million for”
Earnings Releases
Perma-Pipe International Holdings, Inc. reported third quarter ended October 31, 2023 results: revenue $45.7 million, net income $1.9 million.
“(847) 929-1200 investor@permapipe.com Perma-Pipe International Holdings, Inc. Announces its Third Quarter Fiscal 2023 Financial Results • The Company generated n et sales of $ 45.7 million as compared to $ 37.9 million in the third quarter of 2022 • Income before income taxes of $ 4.9 million versus $ 2.9 million in the third quarter of 2022 • Backlog of $73.1”
Matthew Lewicki was appointed as Vice President and Chief Financial Officer at Perma-Pipe International Holdings, Inc..
“On October 2, 2023, the Company appointed Matthew Lewicki, age 41, as Vice President and Chief Financial Officer, Secretary and Treasurer of the Company.”
David Bryan Norwood changed role as Vice President and Chief Financial Officer at Perma-Pipe International Holdings, Inc..
“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.”
Earnings Releases
Perma-Pipe International Holdings, Inc. reported financial results for second quarter ended July 31, 2023.
“On September 14, 2023, Perma-Pipe International Holdings, Inc. issued a press release announcing its financial results for its second quarter ended July 31, 2023.”
Shareholder Votes
Perma-Pipe International Holdings, Inc. shareholders approved Ratify the selection of Grant Thornton LLP as independent registered public accounting firm for fiscal year ending January 31, 2024 at the 2023-06-22 meeting.
“Proposal 3 . Ratify the selection of Grant Thornton LLP ("Grant Thornton") as the Company’s independent registered public accounting firm for the fiscal year ending January 31, 2024: Votes For Votes Against Abstentions 4,298,798 16,294 2,328 The Company's proposal regarding the selection of Grant Thornton was approved by over 99% of the shares voted at the Annual Meeting.”
Shareholder Votes
Perma-Pipe International Holdings, Inc. shareholders approved Advisory vote to approve the compensation of the Company’s named executive officers at the 2023-06-22 meeting.
“Proposal 2 . Advisory vote to approve the compensation of the Company’s named executive officers: Votes For Votes Against Abstentions Broker Non-Votes 3,747,801 18,567 12,536 538,516 The Company's proposal regarding the compensation of the named executive officers was approved by over 99% of the shares voted at the Annual Meeting.”
Shareholder Votes
Perma-Pipe International Holdings, Inc. shareholders approved Election of five directors to hold office until the 2024 Annual Meeting at the 2023-06-22 meeting.
“On June 22, 2023, Perma-Pipe International Holdings, Inc. (the “Company”) held its 2023 Annual Meeting of Stockholders (the “Annual Meeting”). Set forth below is information regarding the results of the matters voted on by the Company’s stockholders at the Annual Meeting. Proposal 1 . Elect five directors to hold office until the Company’s 2024 Annual Meeting of Stockholders and until their successors are otherwise duly elected and qualified: Director Nominee Votes For Votes Against Abstentions Broker Non-Votes Cynthia A. Boiter 3,660,038 118,085 781 538,516 David B. Brown 3,652,485 119,593 6,826 538,516 David J. Mansfield 3,675,830 13,133 89,941 538,516 Robert J. McNally 3,638,576 133,502 6,826 538,516 Jerome T. Walker 3,606,512 120,245 52,147 538,516 All directors were elected with over 96% of the shares voted at the Annual Meeting voting for their re-election compared to approximately 93% of the shares voted at the 2022 Annual Meeting of Stockholders.”
Earnings Releases
Perma-Pipe International Holdings, Inc. reported first quarter ended April 30, 2023 results: revenue $29.7 million, net income $(1.1) million.
“Net sales were $29.7 million and $31.2 million in the three months ended April 30, 2023 and 2022, respectively.”
Matthew E. Lewicki was appointed as Chief Accounting Officer at Perma-Pipe International Holdings, Inc..
“On May 1, 2023, Perma-Pipe International Holdings, Inc. (the "Company") appointed Matthew E. Lewicki to the position of Chief Accounting Officer.”
Earnings Releases
Perma-Pipe International Holdings, Inc. reported financial results for fiscal fourth quarter and 2022 fiscal year ended January 31, 2023.
“On April 27, 2023, Perma-Pipe International Holdings, Inc. issued a press release announcing its financial results for its fiscal fourth quarter and 2022 fiscal year ended January 31, 2023.”
Grant W. Dewbre resigned as Chief Operating Officer at Perma-Pipe International Holdings, Inc..
“On April 11, 2023, Grant W. Dewbre informed Perma-Pipe International Holdings, Inc. (the "Company") of his resignation from his position as the Company's Chief Operating Officer, effective July 4, 2023.”
Material Agreements
Perma-Pipe International Holdings, Inc. entered into a collaboration with Gulf Insulation Group.
“Perma-Pipe International Holdings, Inc. has entered into a joint venture with Gulf Insulation Group in the Kingdom of Saudi Arabia to provide pre-insulated piping systems, piping fabrication, internal and external fusion bonded epoxy coating services and leak detection systems for customers in the Kingdom of Saudi Arabia, Kuwait and Bahrain.”
Earnings Releases
Perma-Pipe International Holdings, Inc. reported third quarter ended October 31, 2022 results: revenue $37.9 million.
“Perma-Pipe International Holdings, Inc. (NASDAQ: PPIH) announced today financial results for the third quarter ended October 31, 2022 . "Revenues for the third quarter were $37.9 million, an increase of $2.7 million versus the same quarter last year. The resulting income from operations of $2.9 million was also an increase from the $1.5 million earned in the same quarter of 2021, despite a $0.9 million non-cash pre-tax charge in the current quarter resulting from a pension plan termination," noted President and CEO David Mansfield.”
Robert McNally was appointed as Director at Perma-Pipe International Holdings, Inc..
“the Board temporarily increased the size of the Board from five to six members and appointed Robert McNally to serve as a director, effective as of February 14, 2022.”
David S. Barrie departed as Director at Perma-Pipe International Holdings, Inc..
“David S. Barrie notified the board of directors (the “Board”) of Perma-Pipe International Holdings, Inc. (the “Company”) that he has decided not to stand for re-election as a member of the Board at the Company's 2022 Annual Meeting of Stockholders.”
Wayne M. Bosch departed as Vice President and Chief Human Resources Officer at Perma-Pipe International Holdings, Inc..
“On January 3, 2022, Wayne M. Bosch provided notice to Perma-Pipe International Holdings, Inc. (the "Company") of his intent to retire as the Company's Vice President and Chief Human Resources Officer effective July 3, 2022.”
Facts are extracted by an LLM and gated to those whose source quote is present verbatim in the filing text. Coverage is best-effort while backfill and monitoring mature; this is not yet a full-market index. See methodology.