Added to YB: 2026-06-16
Pitch date: 2026-06-13
PPIH [neutral]
Perma-Pipe International Holdings, Inc.
-0.26%
current return
Author Info
No bio for this author
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 United Arab Emirates, Saudi Arabia, and internationally.
Market Cap
$206.1M
Pitch Price
$26.80
Price Target
40.00 (+50%)
Dividend
N/A
EV/EBITDA
6.74
P/E
14.92
EV/Sales
1.17
Sector
Machinery
Category
turnaround
PERMA-PIPE ($PPIH) - Q1 2026
PPIH (earnings): Q1'26 rev +7.5% organic but net income fell to $1.8M vs $4.9M on gross margin compression (29.1% vs 35.7%) from Ohio/Qatar ramp-ups + higher tax rate. EPS missed 51% ($0.22 vs $0.45), stock -13-15%. Backlog $136.5M (+12%), $54M new orders incl AI data centers. OCF $6.1M. Persistent material weaknesses, revolver 85% drawn, no quant guidance. $25, 14.9x P/E, 6.7x EV/EBITDA. Bull $34-40, base $25-30, bear $16-20. 5.5/10, await Q2 first earnings call.
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