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Perma-Pipe International Holdings, Inc. - PPIH STOCK NEWS

Welcome to our dedicated page for Perma-Pipe International Holdings news (Ticker: PPIH), a resource for investors and traders seeking the latest updates and insights on Perma-Pipe International Holdings stock.

Perma-Pipe International Holdings, Inc. (symbol: PPIH) is a leading provider in the specialized field of containment piping systems. As a subsidiary of MFRI, the company has carved a niche in engineering, manufacturing, and selling complex piping systems that cater to a diverse array of industries including chemical, oil, gas, and energy distribution sectors.

With three strategic locations in Fujairah, UAE; New Iberia, LA; and Lebanon, TN, Perma-Pipe ensures a global reach, serving markets in the United States, Canada, Middle East, Europe, India, and other regions.

The company’s core offerings include

  • Insulated and jacketed district heating and cooling piping systems,
  • Primary and secondary containment piping systems for transporting hazardous fluids, chemicals, and petroleum products,
  • Coating and insulation of oil and gas pipelines.

Their advanced leak detection systems are highly regarded for ensuring safety and efficiency. Perma-Pipe takes pride in its end-to-end solutions, from engineering design to manufacturing and installation services.

Recent achievements and projects highlight Perma-Pipe's commitment to innovation and quality. The company has been involved in significant installations for energy distribution networks and has strengthened its portfolio with state-of-the-art engineering services. Financially, Perma-Pipe has shown resilience and growth, ensuring stable returns for its investors.

By continually forging strategic partnerships and expanding its pipeline products, Perma-Pipe remains at the forefront of the industry, dedicated to delivering sustainable and reliable solutions.

Rhea-AI Summary
PERMA-PIPE International Holdings, Inc (Nasdaq: PPIH) has been accepted into QatarEnergy’s Tawteen program, aiming to provide pre-insulated piping systems, custom fabrication, and 3-layer polyethylene coatings for QatarEnergy projects. This partnership is crucial as QatarEnergy expands its LNG production capacity, and Perma-Pipe will play a significant role in supporting the realization of Qatar National Vision 2030 and the growth and diversification of Qatar’s economy.
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Perma-Pipe International Holdings, Inc. (NASDAQ: PPIH) reported net sales of $45.7 million in the third quarter of 2023, up from $37.9 million in the same period last year. Income before income taxes rose to $4.9 million from $2.9 million. The company's backlog stands at $73.1 million as of October 31, 2023. President and CEO David Mansfield highlighted the growth in revenues, income from operations, and backlog, as well as the success of the joint venture in Saudi Arabia and the establishment of new plants in Canada and Abu Dhabi. The Company's worldwide effective tax rate decreased from 40% to 31% due to changes in the mix of income and loss in various jurisdictions. Net income attributable to common stock increased to $1.9 million from $1.7 million.
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Perma-Pipe International Holdings, Inc. appoints Matthew Lewicki as CFO, replacing D. Bryan Norwood who will retire on October 2, 2023. Lewicki has 20 years of finance and accounting experience. Norwood will transition to Vice President, Strategy until his retirement on March 31, 2024. The company aims to ensure a smooth transition and continue executing its strategic growth plans.
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Perma-Pipe International Holdings, Inc. opens new pipe insulating facility in Canada, increasing production capacity and expanding market reach in Eastern Canada.
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Perma-Pipe International Holdings appoints Chuck Heaton as Vice President of Human Resources, focusing on key core competencies to support global business growth.
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Perma-Pipe International Holdings, Inc. reports Q2 2023 financial results with net sales of $35.1 million, a decrease of $1.9 million compared to Q2 2022. Backlog stands at $63.9 million.
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Perma-Pipe International Holdings, Inc. announces contracts worth $8.5 million in India and Saudi Arabia for XTRU-THERM product, to be delivered by end of Q4 2023.
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Perma-Pipe International Holdings, Inc. announces $23.5 million contracts in UAE and Egypt for custom coatings and XTRU-THERM® product in oil & gas and district heating sectors.
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FAQ

What is the current stock price of Perma-Pipe International Holdings (PPIH)?

The current stock price of Perma-Pipe International Holdings (PPIH) is $16.07 as of January 24, 2025.

What is the market cap of Perma-Pipe International Holdings (PPIH)?

The market cap of Perma-Pipe International Holdings (PPIH) is approximately 126.3M.

What does Perma-Pipe International Holdings, Inc. specialize in?

Perma-Pipe specializes in containment piping systems and offers engineering, manufacturing, and installation services for various industries.

Where are Perma-Pipe’s operational locations?

Perma-Pipe operates out of Fujairah, UAE; New Iberia, LA; and Lebanon, TN.

What industries does Perma-Pipe serve?

The company serves industries including chemical, oil, gas, and energy distribution sectors.

What are the main products offered by Perma-Pipe?

Their main products include district heating and cooling piping systems, containment piping systems for hazardous fluids, and coated and insulated oil and gas pipelines.

What is unique about Perma-Pipe’s leak detection systems?

Perma-Pipe’s leak detection systems are renowned for their efficiency and safety in monitoring pipeline integrity.

Does Perma-Pipe provide engineering services?

Yes, Perma-Pipe offers comprehensive engineering services for the design and implementation of their piping systems.

What regions does Perma-Pipe operate in?

Perma-Pipe serves markets in the United States, Canada, Middle East, Europe, India, and other regions.

How has Perma-Pipe performed financially?

Perma-Pipe has demonstrated financial resilience and growth, ensuring stable returns for its investors.

What recent projects has Perma-Pipe undertaken?

Perma-Pipe has been involved in major installations for energy distribution networks and continues to innovate its product offerings.

What strategic partnerships does Perma-Pipe have?

Perma-Pipe continues to build strategic partnerships to extend its market reach and enhance its product portfolio.
Perma-Pipe International Holdings, Inc.

Nasdaq:PPIH

PPIH Rankings

PPIH Stock Data

126.28M
7.10M
11.14%
30.1%
0.39%
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