Highest-materiality recent filing
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 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.
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 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 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 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 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).
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 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 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 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.
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