Perma-Pipe Reports Record Results as Demand Grows for Pipeline, District Energy Systems

Perma-Pipe reported record financial results for fiscal 2025, driven by strong demand for pre-insulated piping systems across oil and gas and district energy markets. The company also announced expansion plans in the U.S. to support growing infrastructure demand.

(P&GJ) — Perma-Pipe International reported record financial results for fiscal 2025, driven by strong demand for pre-insulated piping systems used in oil and gas and district energy infrastructure.

The company said growth was supported by higher project activity across North America and the Middle East, with backlog remaining strong as orders continue to convert into revenue. Pre-insulated piping systems are widely used in pipeline networks, district heating and cooling systems, and other applications requiring efficient fluid transport and leak detection.

Perma-Pipe also announced plans to expand its U.S. footprint with a new production facility in Ohio, which will serve as a logistics and manufacturing hub for the Northeast and New England regions. The facility is expected to support increased demand for district energy and pipeline-related infrastructure.

The results reflect continued investment in energy and utility infrastructure, with demand for piping systems tied to both oil and gas development and broader thermal energy networks.