Perma-Pipe

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 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 $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 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.

Perma-Pipe International Holdings announces contract awards in excess of $8 million

Retrieved on: 
Monday, April 17, 2023

Perma-Pipe International Holdings, Inc. (Nasdaq: PPIH) today announced it has been awarded two contracts with a combined value in excess of US$8 million.

Key Points: 
  • Perma-Pipe International Holdings, Inc. (Nasdaq: PPIH) today announced it has been awarded two contracts with a combined value in excess of US$8 million.
  • The first is to provide insulated piping for a thermal distribution system on the campus of Fanshawe College in London, Ontario, Canada.
  • The contract is to supply Perma-Pipe’s XTRU-THERM® thermally insulated piping system.
  • We have recently announced the opening of the new plant in Abu Dhabi and obtaining this award is an excellent start.

Perma-Pipe International Holdings Inc. Announces $6.5 Million in Project Awards in India

Retrieved on: 
Thursday, April 6, 2023

Perma-Pipe International Holdings, Inc. (Nasdaq: PPIH) today announced its subsidiary Perma-Pipe India Pvt.

Key Points: 
  • Perma-Pipe International Holdings, Inc. (Nasdaq: PPIH) today announced its subsidiary Perma-Pipe India Pvt.
  • Ltd. (Perma-Pipe India) has been awarded approximately $6.5 million in contracts during the first quarter of 2023.
  • Two major projects will begin execution in Perma-Pipe’s Gandhidham, Gujarat, India facility in the first and second quarter of 2023.
  • The project will utilize Perma-Pipe’s XTRU-THERM® insulation system, a spray-applied polyurethane foam jacketed with a high-density polyethylene casing.

Perma-Pipe International Holdings Inc. Announces Plans to Expand to Qatar

Retrieved on: 
Monday, March 27, 2023

Perma-Pipe International Holdings, Inc. (Nasdaq: PPIH) has taken preliminary steps to expand operations to Qatar and mobilization is expected to commence during the current year.

Key Points: 
  • Perma-Pipe International Holdings, Inc. (Nasdaq: PPIH) has taken preliminary steps to expand operations to Qatar and mobilization is expected to commence during the current year.
  • In addition to the local district heating and cooling market, there are numerous significant future developments in the oil and gas industry which the Company will position itself for.
  • David Mansfield, President and CEO commented, “This expansion is another step in the execution of our strategic plans.
  • It uses its extensive engineering and fabrication expertise to develop piping solutions that solve complex challenges regarding the safe and efficient transportation of many types of liquids.