Perma Pipe International Hld (PPIH) Stock

Perma-Pipe International Holdings, Inc. (PPIH) is a niche manufacturer of pre-insulated piping systems and components used to transport thermal fluids in energy, industrial and district heating applications. The company supplies polyurethane-foam-insulated pipes, fittings and accessories for markets including oil & gas, power, LNG, and commercial heating. With a market capitalisation around $220 million, PPIH is a small-cap industrial play whose revenue and order flow can be cyclical and tied to infrastructure spending and commodity cycles. Key investor considerations include exposure to capital projects, a backlog-driven revenue profile, and potential benefits from decarbonisation and energy-efficiency trends. Risks include project delays, margin pressure from material costs, and liquidity constraints common to smaller companies. This summary is for educational purposes only — it is not investment advice. Investors should consider their own goals and consult a financial professional before making decisions.