THE WOODLANDS, Texas--(BUSINESS WIRE)--Perma-Pipe International Holdings, Inc. (Nasdaq: PPIH), a global leader in pre-insulated piping and leak detection systems, today announced the appointment of Nancy Zakhour and Saleh Sagr to its Board of Directors, effective April 8, 2026. Ms. Zakhour will serve as an independent director and a member of the Board's Audit, Compensation, and Nominating and Corporate Governance Committees. Mr. Sagr will serve as a director. Ms. Zakhour is a dynamic energy ex.
Perma-Pipe International Holdings is a niche piping systems provider demonstrating strong recent revenue growth and contract wins. PPIH's backlog surged from $38.5M (2022) to $148.9M (Q3 2025), signaling robust forward demand and earnings visibility. Profitability and cash flows have trended positively, with adjusted operating cash flow reaching $21.9M and EBITDA $25.3M in the latest period.
PPIH accelerates global growth with Saudi Aramco approval, rising project wins, and expanded local capacity, boosting its presence in energy and infrastructure markets.
PPIH reported a year-over-year surge in Q3 EPS, driven by strong sales in the Middle East and North America. However, higher compliance and executive transition costs weighed on margins.
THE WOODLANDS, Texas--(BUSINESS WIRE)--Perma-Pipe International Holdings, Inc. (NASDAQ: PPIH) announced today financial results for the third quarter ended October 31, 2025. “For the three months ended October 31, 2025, net sales were $61.1 million, an increase of $19.5 million, or 46.9%, compared to $41.6 million in the same quarter of the prior year. Growth was driven by higher sales volumes in both the Middle East and North America. Gross profit was $21.0 million, up $6.9 million from $14.1.
THE WOODLANDS, Texas--(BUSINESS WIRE)--Perma-Pipe International Holdings, Inc. (Nasdaq: PPIH), today announced changes to its Board of Directors (the "Board"), including the appointment of Richard M. Sherrill to the Board, effective immediately. Mr. Sherrill, 59, has served as a member of the Board of Talos Energy, Inc. ("Talos"; NYSE: TALO) since February 2023, an upstream oil and natural gas exploration company. Mr. Sherrill also serves as the Senior Vice President of Business Development for.
THE WOODLANDS, Texas--(BUSINESS WIRE)--Perma-Pipe International Holdings, Inc. (NASDAQ: PPIH) today announced that it secured $52 million in project awards during the third quarter of 2025, including $30 million previously announced in September. The additional $22 million in new awards includes major data center infrastructure projects in the United States and Saudi Aramco–related projects to be executed from the company's recently approved Dammam, Saudi Arabia facility. “These awards undersco.
Perma-Pipe International Holdings is a specialized pipe manufacturer, operating primarily in the Middle East and North America. PPIH is poised to benefit from increased capital expenditures in the Middle East, supporting its expansion and revenue growth. Company backlog signals significant revenue growth ahead, as shown by the attractive Book-to-Bill ratio.
Economic activity is booming in the North Sea and the Middle East. Two small caps, MIND and PPIH, are participating.
Perma-Pipe reported 28% year-over-year sales growth in Q2 2025, driven by strong project volumes in the Middle East and North America. Margins were temporarily impacted by a one-time executive compensation expense and a high tax rate, distorting true profitability. Backlog surged 109% year-over-year, and the company is exploring entry into the data center cooling market, adding optional growth potential.
