Apr. 20 at 4:24 PM
$PPIH Perma-Pipe International Holdings, Inc. (PPIH) today provided a quarter-to-date update for the first quarter of 2026, highlighting continued momentum in project awards across North America and the Middle East and North Africa (MENA) regions. The Company announced approximately
$54 million in new project awards during the period, reflecting sustained demand across key infrastructure, energy, and mission-critical markets.
During the quarter, the Company secured a number of significant project awards in North America, driven by increasing investment in advanced infrastructure. These awards include substantial scope related to AI-enabled data center developments in the United States, supporting the rapid expansion of digital infrastructure required for artificial intelligence, cloud computing, and high-performance data processing. The Company also announced awards for projects associated with the National Research Laboratories and the Marathon project, further demonstrating its ability to deliver engineered solutions for complex industrial and research applications.
In the MENA region, Perma-Pipe International Holdings, Inc. (PPIH) continues to strengthen its market position through the award of several key projects. These include major District Heating & Cooling (DHC) projects in the United Arab Emirates and Saudi Arabia, supporting large-scale urban developments and energy-efficient infrastructure initiatives. These awards align with the Company's strategic focus on localization and its continued investment in regional manufacturing and execution capabilities.
