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Perma-Pipe International Holdings Inc - PPIH STOCK NEWS

Welcome to our dedicated news page for Perma-Pipe International Holdings (Ticker: PPIH), a resource for investors and traders seeking the latest updates and insights on Perma-Pipe International Holdings.

Our selection of high-quality news articles is accompanied by an expert summary from Rhea-AI, detailing the impact and sentiment surrounding the news at the time of release, providing a deeper understanding of how each news could potentially affect Perma-Pipe International Holdings's stock performance. The page also features a concise end-of-day stock performance summary, highlighting the actual market reaction to each news event. The list of tags makes it easy to classify and navigate through different types of news, whether you're interested in earnings reports, stock offerings, stock splits, clinical trials, fda approvals, dividends or buybacks.

Designed with both novice traders and seasoned investors in mind, our page aims to simplify the complex world of stock market news. By combining real-time updates, Rhea-AI's analytical insights, and historical stock performance data, we provide a holistic view of Perma-Pipe International Holdings's position in the market.

Rhea-AI Summary
PERMA-PIPE International Holdings, Inc (Nasdaq: PPIH) has been accepted into QatarEnergy’s Tawteen program, aiming to provide pre-insulated piping systems, custom fabrication, and 3-layer polyethylene coatings for QatarEnergy projects. This partnership is crucial as QatarEnergy expands its LNG production capacity, and Perma-Pipe will play a significant role in supporting the realization of Qatar National Vision 2030 and the growth and diversification of Qatar’s economy.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
6.36%
Tags
none
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Rhea-AI Summary
Perma-Pipe International Holdings, Inc. (NASDAQ: PPIH) reported net sales of $45.7 million in the third quarter of 2023, up from $37.9 million in the same period last year. Income before income taxes rose to $4.9 million from $2.9 million. The company's backlog stands at $73.1 million as of October 31, 2023. President and CEO David Mansfield highlighted the growth in revenues, income from operations, and backlog, as well as the success of the joint venture in Saudi Arabia and the establishment of new plants in Canada and Abu Dhabi. The Company's worldwide effective tax rate decreased from 40% to 31% due to changes in the mix of income and loss in various jurisdictions. Net income attributable to common stock increased to $1.9 million from $1.7 million.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
13.94%
Tags
-
Rhea-AI Summary
Perma-Pipe International Holdings, Inc. appoints Matthew Lewicki as CFO, replacing D. Bryan Norwood who will retire on October 2, 2023. Lewicki has 20 years of finance and accounting experience. Norwood will transition to Vice President, Strategy until his retirement on March 31, 2024. The company aims to ensure a smooth transition and continue executing its strategic growth plans.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-3.92%
Tags
management
Rhea-AI Summary
Perma-Pipe International Holdings, Inc. opens new pipe insulating facility in Canada, increasing production capacity and expanding market reach in Eastern Canada.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
3.94%
Tags
none
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Rhea-AI Summary
Perma-Pipe International Holdings appoints Chuck Heaton as Vice President of Human Resources, focusing on key core competencies to support global business growth.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-4.08%
Tags
management
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Rhea-AI Summary
Perma-Pipe International Holdings, Inc. reports Q2 2023 financial results with net sales of $35.1 million, a decrease of $1.9 million compared to Q2 2022. Backlog stands at $63.9 million.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-1.17%
Tags
Rhea-AI Summary
Perma-Pipe International Holdings, Inc. announces contracts worth $8.5 million in India and Saudi Arabia for XTRU-THERM product, to be delivered by end of Q4 2023.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-1.08%
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none
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Rhea-AI Summary
Perma-Pipe International Holdings, Inc. announces $23.5 million contracts in UAE and Egypt for custom coatings and XTRU-THERM® product in oil & gas and district heating sectors.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-3.04%
Tags
none
-
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-6.22%
Tags
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
0.92%
Tags
Perma-Pipe International Holdings Inc

Nasdaq:PPIH

PPIH Rankings

PPIH Stock Data

60.53M
7.60M
5.44%
29.62%
0.13%
Iron and Steel Forging
Manufacturing
Link
US
Niles

About PPIH

perma-pipe, inc is a subsidiary of mfri. we specialized in containment piping systems. we are a job shop manufacturing facility. we provide engineering services and installation. we currently have three locations: fujairah, u.a.e., new iberia, la and lebanon, tn.