PPIH

Perma-Pipe International Holdings announces acceptance into QatarEnergy’s Tawteen Program

Retrieved on: 
Wednesday, January 3, 2024

PERMA-PIPE International Holdings, Inc (Nasdaq: PPIH) today announces its acceptance into QatarEnergy’s Tawteen program.

Key Points: 
  • PERMA-PIPE International Holdings, Inc (Nasdaq: PPIH) today announces its acceptance into QatarEnergy’s Tawteen program.
  • Tawteen is the Supply Chain Localization Program for the energy sector in Qatar led by QatarEnergy.
  • PERMA-PIPE will aim to provide pre-insulated piping systems, custom fabrication and 3-layer polyethylene coatings for QatarEnergy projects.
  • Saleh Sagr, Senior Vice President for PERMA-PIPE’s MENA region commented, “We are pleased to announce and place great significance on our relationship with QatarEnergy and the Qatari market.

Perma-Pipe International Holdings, Inc. Announces its Third Quarter Fiscal 2023 Financial Results

Retrieved on: 
Friday, December 8, 2023

Perma-Pipe International Holdings, Inc. (NASDAQ: PPIH) announced today financial results for the third quarter ended October 31, 2023.

Key Points: 
  • Perma-Pipe International Holdings, Inc. (NASDAQ: PPIH) announced today financial results for the third quarter ended October 31, 2023.
  • Net sales were $45.7 million and $37.9 million in the three months ended October 31, 2023 and 2022, respectively.
  • General and administrative expenses were $5.7 million and $5.3 million in the three months ended October 31, 2023 and 2022, respectively.
  • Other expense was $(0.5) million and $(0.9) million for the three months ended October 31, 2023 and 2022, respectively.

Perma-Pipe International Holdings Announces the Appointment of Matthew Lewicki as Vice President and Chief Financial Officer, Secretary and Treasurer

Retrieved on: 
Monday, October 2, 2023

Perma-Pipe International Holdings, Inc. (Nasdaq: PPIH) today announced the appointment of Matthew Lewicki to Vice President and Chief Financial Officer, Secretary and Treasurer (“CFO”) replacing long time financial executive D. Bryan Norwood who informed the Board of his intention to retire effective October 2, 2023.

Key Points: 
  • Perma-Pipe International Holdings, Inc. (Nasdaq: PPIH) today announced the appointment of Matthew Lewicki to Vice President and Chief Financial Officer, Secretary and Treasurer (“CFO”) replacing long time financial executive D. Bryan Norwood who informed the Board of his intention to retire effective October 2, 2023.
  • Mr. Norwood will transition his responsibilities to Mr. Lewicki while assuming the role of Vice President, Strategy until his retirement on March 31, 2024.
  • Matthew has 20 years of progressive finance and accounting experience, most of those years at Oil and Gas infrastructure services organizations.
  • He joined Perma-Pipe in 2018 as Vice President and Chief Financial Officer, Secretary and Treasurer, and has played an instrumental role in many of the changes impacting the Company.

Perma-Pipe International Holdings, Inc., announces opening of a new state-of-the-art insulation facility in Canada

Retrieved on: 
Thursday, September 28, 2023

Perma-Pipe International Holdings, Inc. (Nasdaq: PPIH) is pleased to announce the opening of its second pipe insulating facility in Canada.

Key Points: 
  • Perma-Pipe International Holdings, Inc. (Nasdaq: PPIH) is pleased to announce the opening of its second pipe insulating facility in Canada.
  • Strategically located outside of Ottawa, Ontario the new plant will focus primarily on serving the Ontario, Quebec, and Atlantic Canada markets.
  • With the support of our existing plant in Camrose, Alberta, Perma-Pipe is well positioned to provide our valued customers across Canada with top-quality insulation systems.
  • The new 37,000 square foot facility sits on three acres and is equipped with state-of-the-art pipe insulating technology that will significantly increase the Company’s production capacity.

Perma-Pipe International Holdings Appoints Chuck Heaton as Vice President of Human Resources

Retrieved on: 
Tuesday, September 19, 2023

Perma-Pipe International Holdings, Inc. (Nasdaq: PPIH) today announced the appointment of Chuck Heaton to Vice President of Human Resources replacing Jill Curry.

Key Points: 
  • Perma-Pipe International Holdings, Inc. (Nasdaq: PPIH) today announced the appointment of Chuck Heaton to Vice President of Human Resources replacing Jill Curry.
  • President and CEO Dave Mansfield commented, “I am pleased that Chuck has agreed to join PPIH as our Vice President of Human Resources to lead the company’s Human Resources Group.
  • Prior to Camin Cargo Control, he was the Vice President, Human Resources at NexTier Oilfield Solutions, a land completion services organization.
  • Chuck has a passion for Human Resources especially in the fields of employee engagement, talent pipeline, business partnership, organizational design and development.

Perma-Pipe International Holdings, Inc. Announces its Second Quarter Fiscal 2023 Financial Results

Retrieved on: 
Friday, September 15, 2023

Perma-Pipe International Holdings, Inc. (NASDAQ: PPIH) announced today financial results for the second quarter ended July 31, 2023.

Key Points: 
  • Perma-Pipe International Holdings, Inc. (NASDAQ: PPIH) announced today financial results for the second quarter ended July 31, 2023.
  • “Revenues for the second quarter were $35.1 million, a decrease of $1.9 million versus the same quarter last year.
  • The resulting income from operations of $2.7 million was below the $3.3 million earned in the same quarter of 2022.
  • Net sales were $35.1 million and $37.0 million in the three months ended July 31, 2023 and 2022, respectively.

Perma-Pipe International Holdings, Inc. announces $8.5 million in contract awards in India and Saudi Arabia

Retrieved on: 
Thursday, September 7, 2023

PERMA-PIPE International Holdings, Inc. (Nasdaq: PPIH) today announces the award of contracts with a combined value of $8.5 million in India and the Kingdom of Saudi Arabia.

Key Points: 
  • PERMA-PIPE International Holdings, Inc. (Nasdaq: PPIH) today announces the award of contracts with a combined value of $8.5 million in India and the Kingdom of Saudi Arabia.
  • The contracts are for the XTRU-THERM® product.
  • Both projects are scheduled to be delivered by the end of Q4 2023.
  • Saleh Sagr, Senior Vice President for PERMA-PIPE’s MENA region, commented: ”We are thrilled to maintain our market position as the leading provider of preinsulated piping technology for district cooling market in Saudi Arabia.

Perma-Pipe International Holdings Announces Contract Awards in Excess of $23 Million

Retrieved on: 
Wednesday, September 6, 2023

PERMA-PIPE International Holdings, Inc., (Nasdaq: PPIH) today announces the award of contracts with a combined value of $23.5 million in the United Arab Emirates and Egypt.

Key Points: 
  • PERMA-PIPE International Holdings, Inc., (Nasdaq: PPIH) today announces the award of contracts with a combined value of $23.5 million in the United Arab Emirates and Egypt.
  • The contracts are for custom coatings in the oil & gas sector as well as the XTRU-THERM® product in the district heating and cooling sector.
  • Saleh Sagr, Senior Vice President for PERMA-PIPE’s MENA region, comments, “I am delighted to announce these project awards.
  • In Egypt, it is further confirmation of the success of our strategy to establish a position in a growing local market.

Perma-Pipe International Holdings, Inc. Announces its First Quarter Fiscal 2023 Financial Results

Retrieved on: 
Wednesday, June 14, 2023

Perma-Pipe International Holdings, Inc. (NASDAQ: PPIH) announced today financial results for the first quarter ended April 30, 2023.

Key Points: 
  • Perma-Pipe International Holdings, Inc. (NASDAQ: PPIH) announced today financial results for the first quarter ended April 30, 2023.
  • “Revenues for the first quarter were $29.7 million, a decrease of $1.5 million versus the same quarter last year.
  • "After a significant amount of new awards in the quarter however, backlog has grown $20.9 million, or 54%, from January 31, 2023.
  • "As has been reflected in previous years, the first fiscal quarter is typically the trough of our business seasonality.

Perma-Pipe International Holdings, Inc. Announces Fourth Quarter and Fiscal 2022 Financial Results

Retrieved on: 
Thursday, April 27, 2023

Perma-Pipe International Holdings, Inc. (NASDAQ: PPIH) announced today financial results for the fourth quarter and 2022 fiscal year ended January 31, 2023.

Key Points: 
  • Perma-Pipe International Holdings, Inc. (NASDAQ: PPIH) announced today financial results for the fourth quarter and 2022 fiscal year ended January 31, 2023.
  • "Revenues for the fourth quarter were $36.4 million, $2.7 million below the same quarter last year, and net income of $3.2 million was an increase of $0.2 million compared to the same quarter of 2021.
  • resulted in improved margins during 2022, and we will continue to pursue more opportunities in these markets,” noted Mr. Mansfield.
  • Net sales were $36.4 million and $39.1 million in the three months ended January 31, 2023 and 2022, respectively.