Perma-Pipe International Holdings, Inc. (PPIH) Q2 2027 Earnings Call Transcript
Perma-Pipe International NASDAQ: PPIH reported higher second-quarter fiscal 2026 sales and earnings as volumes increased in its Middle East and North Africa and North American operations, while the company expanded production capacity and added financing flexibility for future growth initiatives.
Startup costs and project delays weigh on Perma-Pipe's first-quarter earnings per share, though revenues increase and backlog expands.
| Name | Quantity | Cost | Value | Profit ($) | Gain (%) |
|---|---|---|---|---|---|
| JRP Jay R. Petschek Corsair Capital Management LP | 10,077 | $241,793.06 | $270,265.14 | $28,472.08 | 11.78% |
Joseph Castro Nuveen LLC | 17,260 | $469,990 | $535,234.33 | $65,244.33 | 13.88% |
Ana-Maria Ignat Covestor Ltd | 323 | $9,583.45 | $8,543.35 | -$1,040.1 | -10.85% |
| WM Wesley McDowell Meros Investment Management LP | 132,163 | $3.76M | $4.1M | $332,635.12 | 8.84% |
Hui Fai Tam Caitong International Asset Management Co. Ltd. | 1 | $27 | $31.16 | $4.16 | 15.41% |
| Industrial Conglomerates Industry | Industrials Sector | Saleh Sagr CEO | NASDAQ (NMS) Exchange | 714167103 CUSIP |
| US Country | 909 Employees | - Last Dividend | - Last Split | 4 Jan 2016 IPO Date |
Perma-Pipe International Holdings, Inc., along with its subsidiaries, functions as an engineering and manufacturing concern specializing in specialty piping and leak detection systems. Initially known as MFRI, Inc., the entity underwent a rebranding to its current name in March 2017. Having been incorporated in 1993, the company commands a notable presence not only in North America but extends its operations across the Middle East, Europe, India, and other international markets. With its headquarters in Spring, Texas, Perma-Pipe marks its prominence in offering innovative solutions tailored for energy distribution and the safe transportation of hazardous fluids, chemicals, and petroleum products, alongside providing anti-corrosion coatings for infrastructure in the oil, gas, and water sectors.
This product line is aimed at the district heating and cooling sector, facilitating energy distribution from central plants to various endpoints. The insulated and jacketed piping systems are engineered to optimize energy efficiency in community heating and cooling projects.
Perma-Pipe's containment solutions cater to the needs of safely transporting chemicals, hazardous fluids, and petroleum products. These systems are designed to prevent leaks and breaches, safeguarding both the environment and public health.
With a focus on the oil and gas industry, the company offers an array of liquid and powder-based anti-corrosion coatings. These solutions are intended for the external and internal surfaces of steel pipes and include coverage for various pipe shapes and fittings. They are vital for ensuring the longevity and integrity of pipelines transporting oil, gas, and potable water.