Perma-Pipe Q1 FY27 net income attributable to common stock drops 63.64% to $1.8 million; net sales rise 7.52% to $50.3 million

• Perma-Pipe posted net income of $2.59 million for the three months ended April 30, 2026, down 55.76% year over year.
• Net sales rose 7.53% to $50.27 million, driven by higher sales volumes in North America and the MENA region.
• Gross profit fell to $14.64 million from product mix shifts, start-up and ramp-up costs at the new Ohio facility, and project ramp-up costs in Qatar.
• Net interest expense increased to $605,000 on higher debt; effective tax rate widened to 34% from 21% on jurisdictional mix.
• Cash and cash equivalents climbed to $28.3 million as accounts receivable fell on improved collections; debt totaled $38 million after a new JPMorgan credit agreement.

Disclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. Perma-Pipe International Holdings Inc. published the original content used to generate this news brief via EDGAR, the Electronic Data Gathering, Analysis, and Retrieval system operated by the U.S. Securities and Exchange Commission (Ref. ID: 0001437749-26-019930), on June 09, 2026, and is solely responsible for the information contained therein.