Every 8-K that Perma-Pipe International Holdings, Inc. (PPIH) has filed with the SEC in the last 24 months is listed below, newest first, and each one links through to the document itself with the summary and the scores our analysis gives it.
A 8-K covers material events a company has to report between its quarterly reports, so if you follow PPIH and want that one kind of document rather than the whole filing history, this is the page to keep. The company's other filings, of every form, are on the full PPIH filings page.
Perma-Pipe International Holdings, Inc. (PPIH) reported strong growth for the quarter ended July 31, 2026, with net sales of $59.6 million, up 24.4% from $47.9 million a year earlier, driven by higher volumes in North America and MENA. Net income attributable to common stock rose to $2.5 million, or $0.31 per diluted share, versus $0.9 million, or $0.10 per diluted share, despite a $3.9 million charge for an uncollectible receivable and about $0.5 million of Ohio start-up costs. Gross profit increased to $17.4 million, though gross margin eased to 29.2% from 30.1% on higher materials, logistics, and ramp-up costs.
Operating cash flow in the quarter was about $7.2 million, lifting cash to $31.8 million. Backlog reached $142.3 million, up from $121.6 million at January 31, 2026, supported by over $67 million in new orders. The company also replaced its prior asset-based facility with a new global credit agreement providing approximately $90 million of committed capacity plus up to $50 million of incremental capacity.
Perma-Pipe International Holdings, Inc. (PPIH) entered into a new secured global credit agreement with JPMorgan Chase Bank, N.A. providing a $75.0 million revolving credit facility (including up to $30.0 million for letters of credit and $5.0 million in swingline loans) and a $14.0 million term loan facility, with up to an additional $50.0 million of incremental capacity, for total potential capacity of up to $139 million.
The new 2026 Credit Agreement replaces and consolidates multiple prior facilities, including an existing April 8, 2026 agreement that was repaid in full at closing. On the closing date, Perma-Pipe borrowed $14.0 million under the term loan and had $23.0 million outstanding on the revolver. Both the revolving facility and term loan mature on August 25, 2031. Borrowings bear interest at an Alternate Base Rate or Adjusted Term SOFR, Adjusted EURIBOR or Adjusted Term CORRA plus a margin tied to the leverage ratio, ranging from 1.50%–2.00% for base rate loans and 2.50%–3.00% for benchmark and RFR loans, with a 0.20%–0.30% commitment fee on unused revolver capacity.
The facilities are guaranteed by certain subsidiaries and secured by liens on collateral. Key financial covenants require a maximum consolidated leverage ratio of 3.00 to 1.00 and a minimum fixed charge coverage ratio of 1.25 to 1.00
Perma-Pipe International Holdings, Inc. reported the results of its Annual Meeting held on June 24, 2026. Stockholders elected five directors—Ibrahim Al Kuwari, Jon Biro, Saleh Sagr, Richard Sherrill, and Nancy Zakhour—to serve until the 2027 Annual Meeting of Stockholders.
Stockholders also approved, on an advisory basis, the compensation of the company’s named executive officers, with over 96% of shares voted in favor. In addition, they ratified the selection of PricewaterhouseCoopers LLP as independent registered public accounting firm for the fiscal year ending January 31, 2027, with over 99% approval.
Perma-Pipe International Holdings reported first-quarter fiscal 2026 net sales of $50.3 million, up 7.5% from $46.7 million a year earlier, driven by higher volumes in North America and the MENA region. Despite this growth, profitability weakened.
Gross profit fell to $14.6 million from $16.7 million, as project mix, seasonal factors in Canada, and start-up and ramp-up costs at new Ohio and Qatar facilities pressured margins. Total operating expenses rose to $10.0 million, including higher professional fees from accelerated filer and Sarbanes-Oxley compliance work.
Net income attributable to common stock declined to $1.8 million, or $0.22 per diluted share, from $5.0 million, or $0.61 per diluted share, reflecting lower operating income, higher interest expense, and an effective tax rate of 34% versus 21% previously. Management noted Middle East geopolitical issues delayed project execution but said no projects were cancelled.
The company highlighted a backlog of $136.5 million at April 30, 2026, up from $121.6 million at January 31, 2026, supported by newly awarded AI-driven data center work and broad bidding activity across infrastructure, energy, industrial, water, and data center markets. Perma-Pipe continues to anticipate revenue and net income growth for fiscal 2026 and plans to begin quarterly earnings calls starting in the second quarter to deepen engagement with investors.
Perma-Pipe International Holdings, Inc. reported record fourth-quarter and fiscal 2025 results for the year ended January 31, 2026, driven by strong demand in the Middle East and North America. Fourth-quarter net sales rose to $55.1 million, up $10.1 million or 22.4%, while net income attributable to common stock increased to $4.9 million and diluted EPS reached $0.60.
For the full year, net sales grew 33.1% to $210.9 million and net income attributable to common stock nearly doubled to $17.0 million, with diluted EPS of $2.09. Gross profit expanded to $69.5 million, and the effective tax rate improved to 24.9%. Backlog was $121.6 million, and stockholders’ equity increased to $90.6 million, reflecting a stronger balance sheet.
Perma-Pipe International Holdings entered into a new senior secured, asset-based revolving credit facility with JPMorgan Chase Bank, N.A., providing aggregate revolving commitments of $18.0 million, including a $1.5 million sublimit for letters of credit.
The facility is secured by substantially all assets of the company and certain subsidiaries and matures on October 7, 2027. Borrowing availability is based on 80% of eligible accounts receivable plus 25% of eligible inventory, and loans bear interest at a CB Floating Rate or adjusted term SOFR plus a leverage-based margin, with additional commitment fees on unused commitments and customary covenants and events of default.
Perma-Pipe International Holdings, Inc. is expanding its Board of Directors by appointing Nancy Zakhour as an independent director and CEO Saleh Sagr as a director, both effective April 8, 2026. Zakhour will also join the Audit, Compensation, and Nominating and Corporate Governance Committees.
Zakhour, age 37, is Chief Commercial Officer at Clean Energy Services and a Venture Partner at Ascent Energy Ventures, with prior roles at Piper Sandler and Occidental Petroleum focused on low‑carbon and carbon capture projects. Sagr, age 56, has served as President and CEO since June 2025 after leading Perma-Pipe’s international operations, bringing more than 30 years of pipeline coating and industrial manufacturing experience.
Perma-Pipe International Holdings, Inc. outlined a growth strategy centered on a new U.S. Northeast facility expected to be operational in the second quarter of 2026. The site will primarily serve AI-driven data centers and district heating and cooling customers, supporting the company’s focus on next-generation technology infrastructure.
The company reaffirmed that its Middle East and North Africa operations remain fully functional despite regional conflicts, supported by business continuity plans aimed at maintaining stable service and safety. It is also seeking a new global banking agreement to enhance liquidity and financing flexibility for further investments.
The Board of Directors completed its previously announced review of strategic alternatives and unanimously decided that continuing as an independent public company and executing the current strategic plan is the best path to maximize shareholder value at this time.
Perma-Pipe International Holdings, Inc. reported a change in its board of directors. On January 15, 2026, director David B. Brown informed the Board of his resignation, effective immediately.
The company stated that Mr. Brown’s decision to step down was not due to any disagreement with the Board, the company, or management on matters related to operations, policies, or practices. The filing was signed on behalf of Perma-Pipe by Vice President and Chief Financial Officer Matthew E. Lewicki.
Perma-Pipe International Holdings, Inc. disclosed that on December 12, 2025 it issued a press release announcing its financial results for its third quarter ended October 31, 2025.
The detailed quarterly financial information is contained in the press release furnished as Exhibit 99.1, and the report is signed on behalf of the company by Vice President and Chief Financial Officer Matthew E. Lewicki.
Perma-Pipe International Holdings, Inc. filed a current report to note that it issued a press release announcing financial results for its second quarter ended July 31, 2025. The company states that this press release, dated September 15, 2025, is furnished as Exhibit 99.1 to the report.
The filing is primarily administrative, linking the market-facing press release to the company’s official disclosure record. No detailed financial figures or performance metrics are included in this excerpt of the report.
Perma-Pipe International Holdings, Inc. (PPIH) filed an 8-K covering its June 25, 2025 Annual Meeting and resulting board changes.
Item 5.02 – Director resignations: Directors David B. Brown and Robert J. McNally received only ~33% of votes cast (Brown: 1.57 m for / 3.16 m against; McNally: 1.55 m for / 3.18 m against). In line with the Company’s majority-vote by-law, both tendered resignations. The Nominating & Corporate Governance Committee must recommend, and the Board must disclose, its decision by July 25 2025.
Item 5.07 – Voting results:
- Director elections: All four nominees standing (Jon C. Biro, Ibrahim Al Kuwari, Brown, McNally) were technically elected, but Brown and McNally fell short of majority support.
- Say-on-pay: 4.29 m For / 0.24 m Against / 0.20 m Abstain – 94% approval.
- Say-on-pay frequency: 86% favored annual votes (3.93 m For 1-year).
- Auditor ratification: PwC re-appointed with >99% support (6.33 m For).
Item 8.01 – Other events: Jon C. Biro was immediately appointed Chairman of the Board, succeeding Jerome T. Walker. In a separate earlier disclosure, Director David J. Mansfield had resigned and did not stand for re-election, leaving the Board at four members pending action on the tendered resignations.
Investor takeaway: Strong shareholder backing on compensation and auditor matters contrasts with significant dissent toward two long-tenured directors, signaling governance pressure. The Board’s forthcoming decision on resignations by July 25 could alter its composition and signal responsiveness (or resistance) to shareholder sentiment.