Perma-Pipe International Holdings Inc (PPIH)
NASDAQIndustrialsIndustrial - MachinerySnapshot 2026-09-04
$28.38+2.90%
Close 2026-09-04 · 1-day change
NASDAQIndustrialsIndustrial - MachinerySnapshot 2026-09-04
QuarterlyIQ Insights · PPIH
What must go right, what could break, what the price assumes, and what evidence comes next.
The current health of the standing investment case.
Recent financial performance is holding in the top half of its industry — the reason to own it looks intact.
One-year growth currently built into the price, compared with our model's estimate.
| Measure | Marker shape | Value |
|---|---|---|
| Growth built into the price | circle | 12.9% |
| Our one-year growth estimate | diamond | 9.0% |
For each item: what to watch, what would become a concern, and what would make it less concerning.
A reporting-risk estimate, not a forecast of the stock-price response.
Historical relationships that met the evidence threshold. They do not prove cause or forecast a move.
Usually moved in the same direction.
Price observations: 365 days
Most sensitive to the broad stock market.
Based on historical daily prices through 2026-09-04.
Past price behavior in dollars on a $10,000 position. This does not measure permanent business risk.
How much price usually moves either way.
Use the underlying financial and sector pages to investigate the cause.
Not investment advice. Scores describe historical and current data; they are not forecasts of future returns. Consult a licensed advisor before making investment decisions.
Growth built into the price is above our model estimate.
The price assumes 4.0 percentage points more one-year growth.
The one-year revenue growth assumption on Valuation.
Worth watching into the next print: this name has been missing across recent quarters and has erratic recent earnings surprises. A fundamental tilt, not a price call.
Model as of 2026-09-04 · Compared with 64 industry peers
PPIH — credit agreement
Dated 2026-08-27
Entry into a Material Definitive Agreement. On August 25, 2026, Perma-Pipe International Holdings, Inc. (the “Company”), as borrower, certain subsidiaries of the Company party thereto as loan parties, the lenders party thereto and JPMorgan Chase Bank, N.A., as administrative agent, entered into a Credit Agreement (the “2026 Credit Agreement”). The 2026 Credit Agreement replaces the Company’s existing Credit Agreement dated April 8, 2026 with JP Morgan Chase Bank, N.A., as lender (the “Existin…
Why it matters: An increase in backlog signals strong future revenue potential. It shows the company is winning new contracts.
Supportive ifBacklog is over $136.5 million. This shows strong demand.
Worry ifBacklog goes down or does not grow. This suggests weak demand.
Why it matters: The EPS guidance of $2.09 shows confidence in making money. A change could mean problems in hitting profit goals.
Watch forManagement confirms EPS guidance of $2.09 for fiscal 2026 during the next earnings call.
Also watch forManagement lowers EPS guidance. This suggests they may face challenges in making money.
Why it matters: This will show if revenue and net income growth for fiscal 2026 is on track.
Watch forNet sales for Q2 exceed $50.3 million, indicating revenue growth.
Also watch forNet sales for Q2 fall below $50.3 million, suggesting revenue issues.
Why it matters: Revenue growth is slowing. A rebound could show strength in the sector.
Supportive ifRevenue growth for the sector shows improvement back toward 5% or higher.
Worry ifRevenue growth for the sector is slowing down to below 5%.
We watch for confirming and disproving signals on each item. Resolutions are found automatically where possible and checked by hand for unclear cases. Last 90 days shown.
A larger daily loss that occurred about once in every 20 trading days.
Deepest peak-to-trough drop in the last year.
| Measure | Value | Meaning |
|---|---|---|
| Typical day | ±$175 on $10,000 · ±1.8% | How much price usually moves either way. |
| Bad day | $499 loss on $10,000 · 5.0% | A larger daily loss that occurred about once in every 20 trading days. |
| Largest peak-to-trough drop in the past year | $3,417 loss on $10,000 · 34.2% | Deepest peak-to-trough drop in the last year. |
Past year. 1.00 means similar movement; 1.20 means about 20% more.
Past year. 1.00 means similar movement to the sector. This is secondary context.
Latest 30 trading days, shown as an annual percentage.
Latest 252 trading days, shown as an annual percentage.
20-trading-day average in US dollars.
Trading days used by the source risk snapshot.
Past results, not a forecast. Not investment advice.
Why it matters: Getting project work back on track shows recovery from delays. This is key for revenue.
Supportive ifThere is news of new project timelines and work starting in the MENA region.
Worry ifMore delays in project work will hurt revenue recognition.
Why it matters: Getting project execution back to normal shows recovery from delays. This will affect revenue and profits.
Supportive ifManagement says projects in the MENA region are back on schedule.
Worry ifThere are still delays in project execution. This affects how revenue is recognized.
Why it matters: A successful ramp-up will boost production. It will help revenue growth in key markets.
Supportive ifThe Ohio factory works well. It has lower start-up costs.
Worry ifContinued high start-up costs or delays in ramp-up, impacting gross profit.
Why it matters: If backlog increases, it shows strong demand. This helps future revenue.
Supportive ifBacklog grows more than 12% from $136.5 million at April 30, 2026.
Worry ifBacklog growth is less than 12%. This may mean project delays.
Why it matters: Meeting or beating this EPS target shows strong profits and good cost control.
Supportive ifQ2 EPS reported at or above $0.52, on track for $2.09 annual guidance.
Worry ifQ2 EPS is below $0.52. This shows problems with profits.
Why it matters: Backlog growth shows strong demand and good project work. This is key for future money.
Supportive ifQ2 backlog growth exceeds 12% from $121.6 million to above $136.5 million.
Worry ifBacklog growth is below 12%. This shows weak demand or problems with execution.
Why it matters: Net income growth means the company is making more money and working better.
Supportive ifQ2 net income grows more than 10% from $1.8 million in Q1.
Worry ifNet income growth is below 10%. This suggests ongoing problems with making money.
Why it matters: Successful ramp-up could improve margins and support revenue growth in AI markets.
Supportive ifGross profit rises a lot in Q3. This shows the Ohio facility is ramping up well.
Worry ifGross profit keeps falling or stays the same. This shows problems with the facility.
Why it matters: Earnings results will show how well the company is growing and performing.
Watch forEarnings results show revenue growth over 10% compared to last year.
Also watch forEarnings results show revenue growth under 5% compared to last year.