Every material Form 8-K Perma-Pipe International Holdings, Inc. has filed with the SEC since June 09, 2026, read and summarized by AI: what happened, the key figures, whether it reads positive or negative for shareholders, and how big a deal it is (impact 1-5). Newest first; each brief links to its own page and to the filing on SEC.gov.
Perma-Pipe reported second-quarter fiscal 2026 results for the period ended July 31, 2026, with net sales up 24.4% to $59.6 million and net income attributable to common stock of $2.5 million, or $0.31 per diluted share, versus $0.9 million, or $0.10, a year earlier. The quarter included a $3.9 million charge for an uncollectible customer receivable, and the company said net income would have been higher without it, while six-month net income attributable to common stock fell to $4.3 million from $5.8 million.
Net sales rose to $59.6 million from $47.9 million; gross margin fell to 29.2% from 30.1%.
Net income attributable to common stock was $2.5 million, or $0.31 per diluted share, including a $3.9 million receivable charge and a $1.6 million discrete tax benefit.
Backlog was $142.3 million at July 31, 2026, up from $136.5 million at April 30, 2026.
On August 25, 2026, the company entered into a new global credit agreement with JPMorgan that replaced its prior $18.0 million revolving facility.
Perma-Pipe International Holdings entered into a new secured credit agreement with J.P. Morgan on August 25, 2026, replacing its existing credit agreement, which was terminated and repaid in full. The facility includes a $75.0 million revolver and a $14.0 million term loan, with up to $50.0 million of additional capacity available on request, and matures August 25, 2031. The filing describes the change as consolidating multiple facilities into one global arrangement, and it adds covenants on leverage and fixed charge coverage.
Facility: $75.0 million revolving credit line and $14.0 million term loan, maturing August 25, 2031
At closing, the company borrowed $14.0 million under the term loan and had $23.0 million outstanding under the revolver
Replaced the existing credit agreement, with proceeds and other cash used to repay its borrowings in full
Requires a leverage ratio of no more than 3.00 to 1.00 and a fixed charge coverage ratio of at least 1.25 to 1.00
Perma-Pipe reported first-quarter fiscal 2026 results for the quarter ended April 30, 2026. Net sales rose 7.5% to $50.3 million, but gross profit fell to $14.6 million from $16.7 million, and net income attributable to common stock fell to $1.8 million from $5.0 million, which management attributed partly to Middle East project delays and start-up costs. Management still expects revenue and net income growth for fiscal 2026 compared with fiscal 2025.
Net sales were $50.3 million, up from $46.7 million a year earlier, driven by higher volumes in North America and MENA.
Net income attributable to common stock was $1.8 million, versus $5.0 million; diluted EPS was $0.22, versus $0.61.
Backlog reached $136.5 million at April 30, 2026, up about 12% from $121.6 million at January 31, 2026.
Management said no projects have been cancelled and still expects revenue and net income growth for fiscal 2026.
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