Perma-Pipe International Holdings, Inc. PPIH US Equity
Perma-Pipe International Holdings, Inc. (Nasdaq: PPIH), an SEC filer in Industrial & Commercial Fans & Blowers & Air Purifing Equip, closed at $26.64, -2.1%, on 2026-08-28, with a market cap of $221M as of 2026-08-27, a trailing P/E of 13.0, a return on equity of 20.9%, a net margin of 8.1% and 3-year sales growth of 13.9%. Institutional ownership, earnings history and filed financials are on the tabs below.
Legal & controls
Item 3 and Item 9A as filed · every verdict is the registrant’s own sentence, printed below it · a filing that fails an extraction gate reads “not extracted”
| Fiscal year | Filed | Item 3 | ICFR | disclosure controls | material weakness | Filing |
|---|---|---|---|---|---|---|
| 2026-01-31 | 2026-04-16 | described here | NOT effective | NOT effective | disclosed | EDGAR |
Item 3 · The Company is subject to various legal proceedings and claims that arise in the ordinary course of business, including those involving environmental, tax, product liability, and general liability claims. The Company accrues a liability for these matters when it is considered probable that future costs will be incurred, and the amount can be reasonably estimated. Such accruals are based on developments to date, the Company's estimates of the outcomes with respect to any legal proceedings, and its experience in contesting, litigating, and settling other similar matters. As of January 31, 2026 , the Company had no material pending litigation. Item 9A · ICFR · Based on management’s evaluation, management has concluded that we did not maintain effective internal control over financial reporting as of January 31, 2026, due to the material weaknesses identified below. Item 9A · disclosure controls · Based on this evaluation, the Chief Executive Officer and Chief Financial Officer have concluded that, as of January 31, 2026, our disclosure controls and procedures were not effective because of the material weaknesses in internal control over financial reporting, as described below. | ||||||
| 2025-01-31 | 2025-05-01 | described here | NOT effective | NOT effective | disclosed | EDGAR |
Item 3 · The Company is subject to various legal proceedings and claims that arise in the ordinary course of business, including those involving environmental, tax, product liability, and general liability claims. The Company accrues a liability for these matters when it is considered probable that future costs will be incurred, and the amount can be reasonably estimated. Such accruals are based on developments to date, the Company's estimates of the outcomes with respect to any legal proceedings, and its experience in contesting, litigating, and settling other similar matters. As of January 31, 2025, the Company had no material pending litigation. Item 9A · ICFR · Based on management's evaluation, management has concluded that we did not maintain effective internal control over financial reporting as of January 31, 2025, due to the material weaknesses identified below. Item 9A · disclosure controls · Based on this evaluation, the Chief Executive Officer and Chief Financial Officer have concluded that, as of January 31, 2025, our disclosure controls and procedures were not effective because of the material weaknesses in internal control over financial reporting, as described below. | ||||||
| 2024-01-31 | 2024-04-26 | not extracted | NOT effective | NOT effective | disclosed | EDGAR |
Item 9A · ICFR · Based on management's evaluation, management has concluded that we did not maintain effective internal control over financial reporting as of January 31, 2024, due to the material weaknesses identified below. Item 9A · disclosure controls · Based on this evaluation, the certifying officers have concluded that, as of the end of the period covered by this Annual Report on Form 10-K, our disclosure controls and procedures were not effective because of the material weaknesses described below under "Management's Annual Report on Internal Control Over Financial Reporting." Management's Annual Report on Internal Control Over Financial Reporting. | ||||||
| 2023-01-31 | 2023-04-27 | not extracted | NOT effective | NOT effective | disclosed | EDGAR |
Item 9A · ICFR · As a result, at January 31, 2023 and on the date of this Annual Report, the Company's internal control over financial reporting is not effective. Item 9A · disclosure controls · Based on this evaluation, the certifying officers have concluded that, as of the end of the period covered by this Annual Report on Form 10-K, our disclosure controls and procedures were not effective because of the material weakness described below under "Management's Annual Report on Internal Control Over Financial Reporting." Management's Annual Report on Internal Control Over Financial Reporting. | ||||||
| 2022-01-31 | 2022-04-19 | not extracted | effective | effective | none in Item 9A | EDGAR |
Item 9A · ICFR · Based on this evaluation, the Company’s management concluded that the Company’s internal control over financial reporting was effective as of January 31, 2022. Item 9A · disclosure controls · Based upon the foregoing, the Company’s Chief Executive Officer and Chief Financial Officer concluded that the Company’s disclosure controls and procedures were effective and operating to provide reasonable assurance that information required to be disclosed by the Company in the reports the Company files or submits under the Exchange Act is recorded, processed, summarized and reported within the time periods specified in the SEC’s rules and forms, and to provide reasonable assurance that such information is accumulated and communicated to the Company’s management, including its Chief Executive Officer and Chief Financial Officer, as appropriate to allow timely decisions regarding required disclosure. | ||||||
5 of 5 annual reports on record have their filing text cached on this host; the rest are listed with their EDGAR link and no extraction, because this surface never fetches from SEC on a page load.
- Item 3 and Item 9A are located in the filing HTML already cached on this host and read with the same line-anchored item matcher and largest-gap body disambiguation the filing-narrative pass uses for Item 1A and Item 7 — no fetch, no model, no summarization.
- A heading is accepted as a section only when it is not a table-of-contents row (a trailing page number), not a quoted reference in prose, and names its own section; the span must then clear a per-item length band and carry readable text after the heading. Anything that fails a gate is served as 'not extracted' with the reason — never as a default value.
- An effectiveness conclusion is read only from a sentence that names its own control set (disclosure controls and procedures, or internal control over financial reporting) and states an outcome. Conditional sentences — the standard limitations paragraph and forward-looking remediation language — are excluded, because they are hypotheses rather than conclusions.
- When a filing's own sentences disagree — an effective conclusion beside an unremediated material-weakness disclosure, or two conclusions of opposite sign — no verdict is asserted. A wrong 'controls were effective' reading is worse than no reading.
- Every verdict is shown beside the verbatim sentence it was read from. The excerpt is the filing's own words, capped at 1,200 characters; the filing itself is one link away.