Added to YB: 2026-04-20
Pitch date: 2026-04-17
PPIH [neutral]
Perma-Pipe International Holdings, Inc.
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
$277.1M
Pitch Price
N/A
Price Target
N/A
Dividend
N/A
EV/EBITDA
8.22
P/E
16.38
EV/Sales
1.52
Sector
Machinery
Category
growth
Perma-Pipe International Holdings (PPIH) — Q4 & Full Year FY2025 Earnings Review
PPIH (earnings): FY25 rev $210.9M (+33%), net income $17.0M (+89%), EPS $2.09 (record highs). Op income +45% on 33% rev growth = strong leverage. Backlog $121.6M (vs $138.1M) down due to aggressive conversion. New Ohio facility for AI data center liquid cooling + JPMorgan credit facility signal scale-up. One customer 23% AR concentration risk. Middle East geopolitical risk. Trading ~16x P/E (~13-14x ex one-time charges), ~8x EBITDA.
Read full article (6 min)