Perma-Pipe International Holdings Inc (PPIH)

Over the past six months, Perma-Pipe International Holdings, Inc.'s stock (PPIH) has experienced significant positive movement. As of January 7, 2026, the share price was $31.35, marking a substantial increase of 134.22% from $13.38 on January 8, 2025. The stock price increased by 110.97% over the last 12 months and 19.46% in the past month. Key events contributing to this performance include strong third quarter 2025 financial results, where net sales increased by 46.9% to $61.1 million and the company reported diluted earnings per share of $0.77 for the quarter and an increased backlog of $148.9 million. The company secured $52 million in project awards in the third quarter of 2025, including major data center infrastructure projects and Saudi Aramco-related projects. Earlier in January 2025, the company announced a $43 million contract award in the GCC region. In September 2025, Perma-Pipe International Holdings Inc. announced it was initiating an exploration of strategic alternatives to maximize shareholder value.

While explicit information on demand seasonality for Perma-Pipe International Holdings, Inc.'s products and services is not directly stated, the nature of its business suggests a degree of insulation from short-term seasonal fluctuations. The company primarily secures large-scale, long-term contracts in the energy and utility sectors, as well as for critical infrastructure projects. The company's significant backlog indicates a steady pipeline of work that extends beyond immediate seasonal demands. This project-based business model suggests that demand is more influenced by long-term infrastructure development and energy sector investments rather than typical seasonal patterns.

Perma-Pipe International Holdings, Inc. (PPIH) is a global leader in engineered piping solutions, specializing in the design, engineering, manufacturing, and sale of specialty piping and leak detection systems. The company operates within the Industrials sector, specifically in the Building Products & Equipment and Pollution Control Equipment industries, providing solutions for the safe and efficient transport of liquids and gases. Major products include insulated and jacketed district heating and cooling piping systems, primary and secondary containment piping systems, and coating and insulation services for oil and gas pipelines. Perma-Pipe also offers liquid and powder-based anti-corrosion coatings for steel pipes and fittings, as well as high-temperature and low-temperature insulated piping systems.

Perma-Pipe International Holdings, Inc. has a significant global presence with operations in the United States, Canada, the Middle East, Europe, India, and North Africa. The company has ten strategically located production facilities across the globe, including locations in the United States, Eastern and Western Canada, United Arab Emirates, Saudi Arabia, Egypt, and India, enabling it to combine localized service with worldwide reach.

Perma-Pipe International Holdings, Inc. maintains a strong brand reputation, built on decades of engineering excellence and a commitment to quality. The company is recognized as a leader in cutting-edge engineered piping solutions and holds globally respected certifications including ISO 9001, ISO 14001, and ISO 45001. In the past year, the company's reputation has been positively impacted by successful project execution and contract awards, strong financial performance, and technological advancement. No specific events negatively affecting Perma-Pipe International Holdings, Inc.'s reputation in the past year were found in the search results.

Perma-Pipe International Holdings, Inc. has a diverse ownership structure. Institutional investors hold approximately 43.01% of the shares, while insiders own about 33.25%, and retail investors account for roughly 23.74%. Major institutional owners include Raymond James Financial Inc., Dimensional Fund Advisors LP, Vanguard Group Inc., Caldwell Securities, Inc., Wedbush Securities Inc., Renaissance Technologies Llc., Susquehanna International Group, Llp., and Morgan Stanley. Key individual owners include David Unger (11.84% ownership), Bradley E. Mautner (4.94% ownership), Henry Mautner (3.65% ownership), David J. Mansfield (3.35% ownership), and Saleh Sagr, President and CEO, owns 0.6% of the company's shares.