Added to YB: 2025-06-18
Pitch date: 2025-06-16
PPIH [neutral]
Perma-Pipe International Holdings, Inc.
+46.67%
current return
Author Info
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Company Info
Perma-Pipe International Holdings, Inc., together with its subsidiaries, designs, engineers, manufactures, and sells specialty piping and leak detection systems in the United States, Canada, the Middle East, North Africa, Europe, India, and internationally.
Market Cap
$196.2M
Pitch Price
$22.22
Price Target
40.00 (+23%)
Dividend
N/A
EV/EBITDA
7.93
P/E
19.38
EV/Sales
1.30
Sector
Machinery
Category
growth
PPIH Q1-25 Perma-Pipe International Holdings
PPIH (earnings update): Q1 revenue +36% to $46.7M, net income +243% to $5M ($0.62/sh). Margins improved to 36% vs 31% YoY. $131.1M backlog (2x YoY) driven by Middle East infrastructure (Saudi/Qatar). New temp Qatar facility signals growth. $18.8M cash, $27.9M debt (0.7x EBITDA). Target $30-40 (15-20x P/E) on potential $2.00 FY25 EPS.
Read full article (3 min)