Added to YB: 2026-09-10
Pitch date: 2026-09-09
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 United Arab Emirates, Saudi Arabia, and internationally.
Market Cap
$230.6M
Pitch Price
N/A
Price Target
N/A
Dividend
N/A
EV/EBITDA
7.40
P/E
16.70
EV/Sales
1.28
Sector
Machinery
Category
special_situation
Weekly Update #31: $PPIH Lands a Sovereign JV
PPIH (update): Perma-Pipe and Welspun, a $7.2B-market-cap Indian pipe manufacturer, signed a non-binding MOU with Jordan’s government and the National Water Carrier Project’s developers to form a JV that would build local pipe manufacturing and coating facilities. The plants would supply the desalinated-water pipeline and potentially other regional projects; Welspun’s participation may reflect Perma-Pipe’s reputation, while its new up-to-$139M global credit facility indicates the scale of business pursued. Middle East project delays warrant caution around Q2 2026 results.
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