PERMA-PIPE INTERNATIONAL HOLDINGS
Spring, United States · Energy, Manufacturing, Oil And Gas
PERMA-PIPE INTERNATIONAL HOLDINGS, INC. is a Delaware-based company engaged in the engineering, manufacture, and supply of thermal management solutions for various industries. The company specializes in products such as pre-insulated piping systems, leak detection systems, and preventative maintenance services primarily targeting the oil and gas, industrial, and construction sectors. Operating glo
Key facts
- Headquarters
- Spring, United States
- Employees
- 396
- Industries
- Energy, Manufacturing, Oil And Gas
- Status
- Public (PPIH)
- Website
- investors.permapipe.com
- Company page
Recent activity at PERMA-PIPE INTERNATIONAL HOLDINGS
- : SEC 8-K (1.01): On August 25, 2026, Perma-Pipe International Holdings, Inc. entered into a Material Definitive Agreement by signing the 2026 Credit Agreement with JPMorgan Chase Bank, N.A. This agreement replaces the prior Credit Agreement dated April 8, 2026, which was terminated upon closing. The new agreement establishes a secured credit facility of $75.0 million, including a $14.0 million term loan that was borrowed upon closing. The proceeds are intended for working capital and possibly future acquisitions, with the revolving credit facility maturing on August 25, 2031. The agreement includes provisions for interest rates based on various benchmarks with a margin tied to the Company's leverage ratio, impacting borrowing costs. This strategic move aims to enhance the Company's financial flexibility and support its ongoing operations.
- : SEC 8-K (5.07): On June 24, 2026, Perma-Pipe International Holdings, Inc. conducted its Annual Meeting where stockholders voted to elect five directors to serve until the 2027 Annual Meeting. The elected directors include Ibrahim Al Kuwari, Jon Biro, Saleh Sagr, Richard Sherrill, and Nancy Zakhour, with votes varying between 3,069,835 to 3,276,794 in favor and minimal abstentions and broker non-votes. This election reflects a continued commitment to stability in the company's governance, impacting future strategic decisions and company direction.
- : SEC 8-K (1.01):
- : SEC 8-K (5.02): On April 7, 2026, Perma-Pipe International Holdings, Inc. announced the appointment of Nancy Zakhour to its Board of Directors, effective April 8, 2026. Ms. Zakhour was appointed to fill a vacancy on the Board and will serve until the next annual meeting of stockholders. She qualifies as an independent director under Nasdaq's listing standards and will also serve on the Audit, Compensation, and Nominating and Corporate Governance Committees. The company provided that Ms. Zakhour will be compensated similarly to other non-employee directors as outlined in prior proxy statements. With expertise in renewable energy and prior roles at firms like Occidental Petroleum and Piper Sandler, her appointment is expected to enhance the company's strategic direction in those sectors.
- : SEC 8-K (7.01): On March 19, 2026, Perma-Pipe International Holdings, Inc. issued a press release detailing significant developments, including a new investment in a facility located in the U.S. Northeast, updates regarding their operations in the Middle East, and the conclusion of the Board's examination of strategic alternatives. This announcement is aimed at enhancing stakeholders' understanding of the company's ongoing strategic initiatives. The press release is provided as Exhibit 99.1, which is included with this 8-K filing. No specific financial amounts were disclosed, but the announcement of the new facility suggests a strategic expansion effort.
- : SEC 8-K (7.01): On March 19, 2026, Perma-Pipe International Holdings, Inc. announced through a press release that it will be investing in a new facility in the U.S. Northeast. The announcement also included updates regarding the company's operations in the Middle East and noted the conclusion of the Board's review of strategic alternatives. This investment is expected to enhance the company's operational capacity and strategic positioning in the competitive landscape. The specific financial implications and operational timelines of the investment have not been detailed in the release, but it marks a significant step for the company's growth initiatives.
- : SEC 8-K (7.01): On March 19, 2026, Perma-Pipe International Holdings, Inc. announced a strategic investment in a new facility located in the U.S. Northeast. The company also provided updates on its operations in the Middle East and disclosed the conclusion of its Board’s review of strategic alternatives. This investment reflects the company’s commitment to expanding its operational footprint and enhancing its service capability in key markets. The announcement is part of an ongoing effort to improve strategic positioning and operational efficiency.
- : SEC 8-K (5.02):
- : SEC 8-K (5.02): On December 5, 2025, Perma-Pipe International Holdings, Inc. appointed Richard M. Sherrill to its Board of Directors, effective immediately. Mr. Sherrill, who has a robust background in the energy sector including roles at Talos Energy, Howard Energy Partners, and Ceritas Energy, will also serve on the Audit, Compensation, and Nominating and Governance Committees. Simultaneously, the Board accepted the resignation of Robert J. McNally from the Board. Mr. Sherrill's compensation will align with that of other independent directors as detailed in the Company's proxy statement for its 2025 Annual Meeting of Stockholders. This change is strategic for enhancing governance with an experienced energy executive on the Board.
- : SEC 8-K (5.02): On December 5, 2025, Perma-Pipe International Holdings, Inc. appointed Richard M. Sherrill to its Board of Directors effective immediately. Concurrently, he will serve on the Audit, Compensation, and Nominating and Governance Committee. Mr. Sherrill has significant experience in the energy sector, serving on the Board of Talos Energy, Inc. since February 2023 and as Senior Vice President of Business Development for Howard Energy Partners. His appointment may strategically enhance the company's oversight and governance given his background in the oil and gas industry.
Leadership
- Saleh Sagr, Chief Executive Officer
- Saleh Sagr, President
- Jill Matthews, Senior Executive
- Carol Decimus, Human Resource Professional
- Chuck Heaton, Human Resources Executive
- Karl Schmidt, Retired Chief Financial Officer
- Dave Mansfield, Management and Finance Professional
- Mark Riederer, Information Technology Leader
- Ryan Garner, Inside Sales Coordinator
- Matthew Lewicki, Chief Financial Officer
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Employee benefit plans
PERMA-PIPE INTERNATIONAL HOLDINGS files 4 employee benefit plans with the U.S. Department of Labor, including a retirement plan. The next plan year renews in Dec 2026.
PERMA-PIPE INTERNATIONAL HOLDINGS in the news
- Perma-Pipe International Holdings, Inc. Announces Second Quarter Fiscal 2026 Financial Results - Yahoo Finance (Sep 09, 2026)
- Perma-Pipe International Holdings Inc (PPIH) Shares Surge 5.5% -- What GF Score of 74 Tells Investors - GuruFocus (Sep 11, 2026)
- Perma-Pipe International Holdings, Inc. Announces First Quarter 2026 Financial Results - Yahoo Finance (Jun 09, 2026)
- Canadian oil and gas customers are expected to be more active this winter; Perma-Pipe secured over $28M in orders. - Stock Titan (Oct 20, 2026)
- Perma-Pipe Announces Closing of Global Credit Facility of Up to $139 Million - Yahoo Finance (Aug 27, 2026)
- Perma-Pipe and Welspun Announce Memorandum of Understanding to Establish Pipe Manufacturing and Coating Facilities in Jordan - Yahoo Finance (Sep 01, 2026)
- Perma-Pipe International (PPIH) Stock Price, News & Analysis - MarketBeat (Mar 29, 2017)
- Perma-Pipe Secures More Than $67 Million in New Orders in the Second Quarter of 2026 - Yahoo Finance (Aug 20, 2026)
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About PERMA-PIPE INTERNATIONAL HOLDINGS: questions and answers
What does PERMA-PIPE INTERNATIONAL HOLDINGS do?
PERMA-PIPE INTERNATIONAL HOLDINGS, INC. is a Delaware-based company engaged in the engineering, manufacture, and supply of thermal management solutions for various industries. The company specializes in products such as pre-insulated piping systems, leak detection systems, and preventative maintenance services primarily targeting the oil and gas, industrial, and construction sectors. Operating glo
Where is PERMA-PIPE INTERNATIONAL HOLDINGS headquartered?
PERMA-PIPE INTERNATIONAL HOLDINGS is headquartered in Spring, United States.
How many employees does PERMA-PIPE INTERNATIONAL HOLDINGS have?
PERMA-PIPE INTERNATIONAL HOLDINGS has about 396 employees.
Who leads PERMA-PIPE INTERNATIONAL HOLDINGS?
Saleh Sagr is a Chief Executive Officer at PERMA-PIPE INTERNATIONAL HOLDINGS.
What is the latest news on PERMA-PIPE INTERNATIONAL HOLDINGS?
On Aug 27, 2026, SEC 8-K (1.01): On August 25, 2026, Perma-Pipe International Holdings, Inc. entered into a Material Definitive Agreement by signing the 2026 Credit Agreement with JPMorgan Chase Bank, N.A. This agreement replaces the prior Credit Agreement dated April 8, 2026, which was terminated upon closing. The
Is PERMA-PIPE INTERNATIONAL HOLDINGS a public company?
Yes. PERMA-PIPE INTERNATIONAL HOLDINGS is publicly traded under the ticker PPIH.
Source: Fundz records from SEC filings, press releases and company announcements. How Fundz measures data accuracy