Perma-Pipe International Holdings, Inc. (PPIH)

US — Industrials Sector

Peers: ROCK NX JELD TILE APOG AZEK BECN JBI AWI

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Key Metrics & Ratings

symbol PPIH
Rev/Share 21.3967
Book/Share 11.2871
PB 2.2555
Debt/Equity 0.4771
CurrentRatio 1.9546
ROIC 0.1383

MktCap 175616540.0
FreeCF/Share 1.3356
PFCF 16.4713
PE 14.0591
Debt/Assets 0.2083
DivYield 0
ROE 0.1724

Rating A-
Score 4
Recommendation Buy
P/E Score 4
DCF Score 1
P/B Score 4
D/E Score 2

Recent Analyst Ratings

Type	Ticker	Analyst Firm	Previous Rating	Current Rating	Previous Price Target	Current Price Target	Date
No ratings available.

News

PPIH Stock Soars 46% as Q1 Earnings Rise Y/Y on Solid MENA Growth

PPIH
Published: June 19, 2025 by: Zacks Investment Research
Sentiment: Positive

Perma-Pipe's Q1 earnings per share improve year over year, driven by strong MENA demand and margin gains, despite rising payroll costs impacting operating expenses.

image for news PPIH Stock Soars 46% as Q1 Earnings Rise Y/Y on Solid MENA Growth

Perma-Pipe International Holdings, Inc. Announces First Quarter Fiscal 2025 Financial Results

PPIH
Published: June 13, 2025 by: Business Wire
Sentiment: Neutral

SPRING, Texas--(BUSINESS WIRE)--Perma-Pipe International Holdings, Inc. (NASDAQ: PPIH) announced today financial results for the first quarter ended April 30, 2025. “Sales for the first quarter were $46.7 million, resulting in an increase of $12.4 million, or 36.2%, compared to $34.3 million in the same quarter last year. Net income attributable to common stock of $5.0 million was an increase of $3.6 million, or 243%, compared to $1.4 million in the first quarter of the prior year,” noted Presi.

image for news Perma-Pipe International Holdings, Inc. Announces First Quarter Fiscal 2025 Financial Results

Perma-Pipe: Riding The Infrastructure Wave, Anchored To Oil

PPIH
Published: May 29, 2025 by: Seeking Alpha
Sentiment: Positive

Perma-Pipe reported strong FY2024 results, with Q4 revenue up 12% YoY and gross margins steady at 33.5%, supported by a record-high backlog of $167.5 million. The company's growth is largely driven by Middle Eastern energy infrastructure expansion, making its outlook highly sensitive to oil prices and government-backed project cycles. Valuation appears reasonable at ~$13/share, with moderate multiples (11.6x P/E, 4.9x EV/EBITDA) and normalized net income nearly doubling YoY after adjusting for one-time tax gains.

image for news Perma-Pipe: Riding The Infrastructure Wave, Anchored To Oil

Perma-Pipe International Holdings, Inc. Announces New Contract Award in Qatar

PPIH
Published: May 27, 2025 by: Business Wire
Sentiment: Neutral

SPRING, Texas--(BUSINESS WIRE)--Perma-Pipe International Holdings, Inc. (Nasdaq: PPIH) today announced that it has received its first project award to be executed in Qatar since the announcement of the intent to mobilize there. The project will be for USD $2.4 million and will utilize Perma-Pipe's fabrication capabilities and the XTRU-THERM® insulation system, a spray-applied polyurethane foam jacketed with a high-density polyethylene casing. Adham Sharkawy, Senior Vice President of Perma-Pipe'.

image for news Perma-Pipe International Holdings, Inc. Announces New Contract Award in Qatar

Perma-Pipe Stock Up 14% Despite Y/Y Decline in 2024 Earnings

PPIH
Published: May 08, 2025 by: Zacks Investment Research
Sentiment: Neutral

PPIH's fiscal 2024 earnings decline year over year due to a prior one-time tax benefit, despite higher sales and margin gains.

image for news Perma-Pipe Stock Up 14% Despite Y/Y Decline in 2024 Earnings

Perma-Pipe International Holdings, Inc. Announces the Appointment of Jon C. Biro to its Board of Directors

PPIH
Published: February 28, 2025 by: Business Wire
Sentiment: Neutral

SPRING, Texas--(BUSINESS WIRE)--Perma-Pipe International Holdings, Inc. (Nasdaq: PPIH), today announced changes to its Board of Directors, including the appointment to the Board of Mr. Jon C. Biro, effective March 4, 2025. Mr. Biro, age 58, has extensive business leadership, financial, board, and C-Suite executive experience, serving as an Operating Advisor to Snow Peak Capital, LLC since 2022, as well as serving on the board for one of its portfolio companies, Sandy Alexander, Inc., a commerci.

image for news Perma-Pipe International Holdings, Inc. Announces the Appointment of Jon C. Biro to its Board of Directors

About Perma-Pipe International Holdings, Inc. (PPIH)

IPO Date 1989-12-15
Website https://www.permapipe.com
Industry Construction
CEO Mr. Saleh Sagr
Employees 750

Perma-Pipe International Holdings, Inc., together with its subsidiaries, engineers, designs, manufactures, and sells specialty piping and leak detection systems. It offers provides and jacketed district heating and cooling piping systems for energy distribution from central energy plants to various locations; and primary and secondary containment piping systems for transporting chemicals, hazardous fluids, and petroleum products, as well as engages in the coating and insulation of oil and gas gathering and transmission pipelines. The company also offers liquid and powder based anti-corrosion coatings for external and internal surfaces of steel pipe, including shapes like bends, reducers, tees, and other spools/fittings that is used in pipelines for the transportation of oil and gas products and potable water. It has operations in the United States, Canada, the Middle East, Europe, India, and internationally. The company was formerly known as MFRI, Inc. and changed its name to Perma-Pipe International Holdings, Inc. in March 2017. Perma-Pipe International Holdings, Inc. was incorporated in 1993 and is headquartered in Niles, Illinois.