Perma-Pipe Appoints Richard M. Sherrill to Board, Enhancing Strategic Depth
- Board Changes: Perma-Pipe International Holdings, Inc. has appointed Richard M. Sherrill to its Board, effective immediately, aiming to enhance the strategic depth of the Board to support the company's growth agenda.
- Extensive Industry Experience: Sherrill brings over 30 years of industry experience, having held senior roles at Talos Energy and Howard Energy Partners, which is expected to provide valuable market insights to the company.
- Leadership Transition: Sherrill takes over the Board seat previously held by Rob McNally, who made significant contributions during his tenure, reflecting the company's commitment to leadership stability as acknowledged by the Board Chairman.
- Future Growth Potential: The addition of the new director is viewed as crucial for the company to achieve sustained profitability and positive cash flows in a complex market environment, demonstrating Perma-Pipe's confidence in future growth prospects.
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Daily Upgrade Report for Validea Motley Fool Strategy - December 20, 2025
Validea's Small-Cap Growth Investor Model: Today's upgrades include Perma-Pipe International Holdings Inc (PPIH), which saw its rating increase from 69% to 76% based on strong fundamentals and valuation, indicating growing interest in the stock.
Company Overview - Perma-Pipe International Holdings Inc: The company specializes in pre-insulated piping and leak detection systems for various applications, operating in 14 locations across six countries.
Vicor Corp Rating Update: Vicor Corp (VICR), a mid-cap growth stock, had its rating rise from 65% to 72%, reflecting improved fundamentals and valuation, though it remains below the 80% threshold for strong interest.
Company Overview - Vicor Corp: Vicor designs and manufactures modular power components and systems, focusing on advanced power distribution architectures and offering a range of power conversion products.

Perma-Pipe Reports 46.9% Increase in Q3 Net Sales to $61.1 Million
- Significant Sales Growth: For the third quarter ended October 31, 2025, Perma-Pipe reported net sales of $61.1 million, an increase of $19.5 million or 46.9% compared to the same quarter last year, driven by strong demand in the Middle East and North America, indicating robust market performance.
- Substantial Net Income Increase: The company achieved a net income of $6.3 million for the quarter, up $3.8 million or 152.0% year-over-year, reflecting increased sales activity and improved project execution, which enhances the company's financial stability.
- Growing Backlog: As of October 31, 2025, the backlog reached $148.9 million, a 7.8% increase from $138.1 million on January 31, 2025, demonstrating the company's competitive strength and sustained customer demand in its markets.
- Annual Performance Exceeds Expectations: Year-to-date net sales totaled $155.8 million, a 37.4% increase from the prior year, indicating ongoing operational improvements and enhanced leverage in core markets, setting a solid foundation for future profitability growth.








