Added to YB: 2026-06-12
Pitch date: 2026-06-09
PPIH [neutral]
Perma-Pipe International Holdings, Inc.
+5.04%
current return
Author Info
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Company Info
Perma-Pipe International Holdings, Inc., together with its subsidiaries, designs, engineers, manufactures, and sells specialty piping and leak detection systems in the United States, Canada, the United Arab Emirates, Saudi Arabia, and internationally.
Market Cap
$254.0M
Pitch Price
$25.62
Price Target
N/A
Dividend
N/A
EV/EBITDA
8.16
P/E
18.40
EV/Sales
1.39
Sector
Machinery
Category
growth
Perma-Pipe $PPIH: Q1 2026 Earnings Release
PPIH (earnings): Q1 FY26 net sales +7.5% YoY; backlog $136.5M (+12% QoQ), boosted by AI data center projects. Gross profit fell to $14.6M (from $16.7M) on Canada seasonality + Ohio/Qatar ramp costs. OCF jumped to $6.1M on $14.7M AR collections. MENA delays hit timing but no cancellations; mgmt guides revenue & net income growth FY26. Strait of Hormuz infra a future tailwind. Quarterly calls starting Q2. Author looking to add on consolidation.
Read full article (4 min)