Perma-Pipe International (NASDAQ:PPIH) reported strong second-quarter fiscal 2026 results, with net sales for the quarter ended July 31 increasing 24% year over year to $59.6 million, and net income rising to $2.5 million, or $0.31 per diluted share. The company also secured a new global credit facility with JPMorgan Chase, providing approximately $90 million in initial commitments, including a $75 million revolving credit facility and a $14 million term loan, plus access to up to $50 million in additional capacity and $30 million in letter-of-credit availability. This financing is expected to support larger projects and expansion opportunities, with a pipeline exceeding $900 million. Backlog reached $142.3 million, with new quarterly orders totaling $67.8 million.