Highest-materiality recent filing
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.
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.
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