• Perma-Pipe posted fiscal Q1 net sales of $50.3 million, up 7.5% year over year, while net income attributable to common stock fell to $1.8 million.
• Gross profit slipped to $14.6 million as start-up and ramp-up costs rose at new facilities in Ohio and Qatar.
• Backlog climbed to $136.5 million, up about 12% from Jan. 31, helped by recently awarded AI-driven data center projects in North America.
• Management flagged near-term project timing delays in the Middle East tied to geopolitical developments, while maintaining expectations for revenue and net income growth in fiscal 2026.

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: 0001437749-26-019929), on June 09, 2026, and is solely responsible for the information contained therein.