Perma-Pipe International Holdings Inc. (PPIH) reported fiscal second-quarter 2026 net sales of $59.6 million, up 24.4% from $47.9 million a year earlier. Net income attributable to common stock was $2.5 million, or $0.31 per diluted share, compared with $0.9 million, or $0.10 per diluted share, in the prior-year quarter.
The quarter ended July 31, 2026. The company reported $142.3 million in backlog and said it secured more than $67 million in new orders during the quarter.
- GAAP net income was $3.3 million, compared with $1.3 million a year earlier.
- Gross profit increased 20.7% to $17.4 million; gross margin was 29.2%.
- Income from operations rose to $4.3 million from $3.2 million.
- Cash and cash equivalents totaled $31.8 million at July 31, while total debt was $36.1 million.
- During the quarter, operating activities provided approximately $7.2 million of cash and capital expenditures were approximately $2.0 million.
$PPIH Hedge Fund Activity
We have seen 54 institutional investors add shares of $PPIH stock to their portfolio, and 53 decrease their positions in their most recent quarter.
Here are some of the largest recent moves:
- BLACKROCK, INC. added 383,941 shares (+948.3%) to their portfolio in Q2 2026, for an estimated $10,454,713
- MILLENNIUM MANAGEMENT LLC removed 173,180 shares (-100.0%) from their portfolio in Q2 2026, for an estimated $4,715,691
- SUSQUEHANNA INTERNATIONAL GROUP, LLP removed 124,588 shares (-100.0%) from their portfolio in Q2 2026, for an estimated $3,392,531
- ARROWSTREET CAPITAL, LIMITED PARTNERSHIP removed 117,421 shares (-75.9%) from their portfolio in Q2 2026, for an estimated $3,197,373
- JACOBS LEVY EQUITY MANAGEMENT, INC added 117,281 shares (+inf%) to their portfolio in Q2 2026, for an estimated $3,193,561
- GEODE CAPITAL MANAGEMENT, LLC added 107,885 shares (+115.6%) to their portfolio in Q2 2026, for an estimated $2,937,708
- AMERICAN CENTURY COMPANIES INC removed 77,326 shares (-52.0%) from their portfolio in Q2 2026, for an estimated $2,105,586
To track hedge funds' stock portfolios, check out Quiver Quantitative's institutional holdings dashboard. You can access data on hedge funds moves and 13F filings through the Quiver Quantitative API 13F endpoint.
