Welcome to our dedicated page for Perma-Pipe International Holdings SEC filings (Ticker: PPIH), a comprehensive resource for investors and traders seeking official regulatory documents including 10-K annual reports, 10-Q quarterly earnings, 8-K material events, and insider trading forms.
Our SEC filing database is enhanced with expert analysis from Rhea-AI, providing insights into the potential impact of each filing on Perma-Pipe International Holdings's stock performance. Each filing includes a concise AI-generated summary, sentiment and impact scores, and end-of-day stock performance data showing the actual market reaction. Navigate easily through different filing types including 10-K annual reports, 10-Q quarterly reports, 8-K current reports, proxy statements (DEF 14A), and Form 4 insider trading disclosures.
Designed for fundamental investors and regulatory compliance professionals, our page simplifies access to critical SEC filings. By combining real-time SEC filing updates, Rhea-AI's analytical insights, and historical stock performance data, we provide comprehensive visibility into Perma-Pipe International Holdings's regulatory disclosures and financial reporting.
Perma-Pipe International Holdings, Inc. Chief Financial Officer Matthew Earl Lewicki reported a routine tax-related share disposition. On June 22, 2026, 497 shares of common stock were withheld by the company at $28.05 per share to satisfy tax obligations from vested restricted stock. After this non‑market transaction, he directly held 18,319 common shares. This amended Form 4 corrects only the transaction date; all other information from the original filing remains unchanged.
Sagr Saleh Nehad Saleh reported acquisition or exercise transactions in this Form 4 filing.
Perma-Pipe International Holdings, Inc. President & CEO Sagr Saleh Nehad Saleh received a grant of 21,509 shares of common stock as equity compensation. The award consists of restricted shares that vest in three equal installments on each of the first three anniversaries of the grant date.
Following this grant, Saleh directly holds 72,570 common shares. Because the shares were granted at no cash cost per share and vest over time, this filing reflects a compensation-related equity award rather than an open-market purchase.
Lewicki Matthew Earl reported acquisition or exercise transactions in this Form 4 filing.
Perma-Pipe International Holdings, Inc. reported that Chief Financial Officer Matthew Earl Lewicki received a grant of 6,716 shares of common stock as equity compensation. The award was made at no cash cost to him and increases his direct holdings to 25,035 shares.
The granted shares are restricted and vest in three equal installments, with one-third vesting on each of the first three anniversaries of the grant date. This structure encourages longer-term alignment between the CFO and other shareholders, as full ownership depends on continued service over time.
Perma-Pipe International Holdings, Inc. Chief Financial Officer Matthew Earl Lewicki reported a routine tax-related share disposition. On the vesting of restricted stock, 497 shares of common stock were withheld by the company at $28.05 per share to cover tax obligations, leaving him with 18,319 directly held shares.
Perma-Pipe International Holdings, Inc. filed a shelf registration on June 9, 2026 to offer up to $75,000,000 of debt securities, common stock, warrants, stock purchase contracts and stock purchase units. The prospectus is general and states that specific terms, offering prices and distribution details will be provided in prospectus supplements.
The document discloses 8,125,713 shares of common stock outstanding as of June 8, 2026 and notes the last reported sale price of common stock of $31.27 per share on June 8, 2026. The registration includes standard shelf mechanics, plan-of-distribution options, and incorporation-by-reference of periodic reports.
Perma-Pipe International Holdings reported higher sales but sharply lower profit for the quarter ended April 30, 2026. Net sales rose to $50.3 million from $46.7 million, but net income attributable to common stock fell to $1.8 million from $5.0 million, with diluted EPS down to $0.22 from $0.61.
Gross margin declined to 29% from 36%, mainly due to product mix, seasonality in Canada, and ramp-up costs at a new Ohio facility and projects in Qatar. Operating cash flow improved to $6.1 million, lifting cash and restricted cash to $31.8 million. Total debt increased to $38.0 million, including a new $18.0 million North American asset-based revolver with $15.3 million drawn.
Management again concluded disclosure controls and procedures were not effective because of ongoing material weaknesses in internal control over financial reporting, some of which previously led to revisions and a restatement. Remediation efforts, including improved segregation of duties, new consolidation software, and strengthened MENA controls, are underway but not yet complete.
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 is asking stockholders to elect five directors, approve 2026 executive pay on an advisory basis, and ratify PwC as independent accountant, while highlighting a year of record performance. For fiscal 2025, net sales reached $210.9 million, up 33% from $158.4 million in 2024, driven by demand in the Middle East and North America. Net income attributable to common stock rose to $17.0 million from $9.0 million, an 89% increase, marking a record year. Year-end backlog was $121.6 million, supporting future revenue. The company is expanding U.S. operations with a new Ohio facility focused on the fast-growing AI data center market and continues to emphasize diversified growth in Middle Eastern infrastructure and water security projects. Governance changes include a fully refreshed independent board since 2024, majority voting in uncontested elections, stock ownership guidelines, a robust clawback policy, and restrictions on hedging and short sales. A Willis Towers Watson review found executive total direct compensation about 39% below the market median, and the board expects to implement average executive base salary increases of roughly 10% in 2026 under a pay-for-performance framework.
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 reported strong growth for the year ended January 31, 2026, driven by higher project activity in the Middle East, Canada, and the United States. Net sales rose to $210.9 million from $158.4 million, while gross profit increased to $69.5 million, or 33% of net sales.
Net income attributable to common stock nearly doubled to $17.0 million, helped by higher volumes and a lower 24.9% effective tax rate. Backlog was $121.6 million versus $138.1 million a year earlier, mainly due to converting orders into revenue and timing of new awards.
Liquidity remained solid, with $18.7 million in cash, $66.9 million of working capital, and access to North American and foreign credit facilities. The company generated $9.2 million of operating cash flow and increased capital spending, particularly in the Middle East, while continuing to rely heavily on international sales, which were 71.7% of total.
The auditor issued an adverse opinion on internal control over financial reporting, citing several material weaknesses, though the financial statements were given a clean opinion. Management is investing in remediation, reinforcing controls, and enhancing cybersecurity, while operating a 909-person workforce across North America, the Middle East, and other international locations.