Perma-Pipe International Secures $52M in Project Awards
Perma-Pipe International announced that it secured $52M in project awards during the third quarter of 2025, including $30M previously announced in September. The additional $22M in new awards includes major data center infrastructure projects in the United States and Saudi Aramco-related projects to be executed from the company's recently approved Dammam, Saudi Arabia facility.
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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.
