Perma-Pipe International Holdings, Inc. (PPIH)
NASDAQ (NMS) NASDAQ (NMS) Primary 
XFRA 
Perma-Pipe International: Unexpected Data Center Player
Perma-Pipe's specialty pipes and leak detection systems serve critical roles in energy, oil & gas, and increasingly, data center markets. The shift to liquid cooling in data centers creates a significant new growth avenue and recent strategic hires highlight management's commitment to expanding in the data center. While data centers offer growth, the legacy pipeline business remains robust, ensuring a stable foundation for continued company success.
PPIH Stock Soars 46% as Q1 Earnings Rise Y/Y on Solid MENA Growth
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.
Perma-Pipe: Riding The Infrastructure Wave, Anchored To Oil
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.
Perma-Pipe Stock Up 14% Despite Y/Y Decline in 2024 Earnings
PPIH's fiscal 2024 earnings decline year over year due to a prior one-time tax benefit, despite higher sales and margin gains.
Perma-Pipe Stock Up 13% Since Q3 Earnings Rise Y/Y Amid Backlog Growth
PPIH reports strong Q3 earnings with growing backlog and improved profitability, overcoming a 9% decline in net sales.
Perma-Pipe's Q2 Earnings Soar Y/Y on Strong MENA Demand
PPIH reports a robust Q2 with earnings per share jumping to 40 cents, and a 7% rise in sales driven by a growing backlog.
Perma-Pipe's (PPIH) Q1 Earnings Surge Y/Y on Strong Sales
Perma-Pipe (PPIH) reports Q1 EPS of 18 cents, reversing last year's loss. Strong backlog and market expansion bolster future outlook despite higher operating expenses.
Zacks Initiates Coverage of PERMA-PIPE With Outperform Recommendation
Discover why Zacks rates "Outperform" for PERMA-PIPE, being the first on Wall Street to initiate coverage on the stock. Explore PPIH's strategic role in Qatar's LNG expansion and robust financial growth, amid the thriving global steel pipes market.
