Perma-Pipe Appoints Saleh Sagr as New CEO

Perma-Pipe International Holdings ( (PPIH) ) has issued an announcement.

On June 12, 2025, Perma-Pipe International Holdings, Inc. announced the departure of David Mansfield as CEO, effective June 7, 2025, and the appointment of Saleh Sagr as the new President and CEO. Saleh Sagr, who joined the company in 2019 and has extensive experience in the energy and infrastructure sectors, is expected to lead Perma-Pipe towards continued growth and innovation, enhancing its market position and stakeholder value.

Spark’s Take on PPIH Stock

According to Spark, TipRanks’ AI Analyst, PPIH is a Outperform.

Perma-Pipe International Holdings scores well due to strong financial performance, especially in revenue growth and profitability margins. Technical analysis shows mixed signals, but corporate events are positive, suggesting strong leadership and strategic direction. Valuation is reasonable, although the lack of dividend yield is a drawback for some investors.

To see Spark’s full report on PPIH stock, click here.

More about Perma-Pipe International Holdings

Perma-Pipe International Holdings, Inc. is a global leader in pre-insulated piping and leak detection systems, primarily serving the oil and gas, district heating and cooling sectors. The company leverages its engineering and fabrication expertise to provide solutions for the safe and efficient transportation of various liquids, operating in fourteen locations across six countries.

Average Trading Volume: 27,335

Technical Sentiment Signal: Strong Buy

Current Market Cap: $114.5M

See more data about PPIH stock on TipRanks’ Stock Analysis page.