The company reported $67.8 million in new orders for the second quarter, primarily driven by demand in oil and gas and infrastructure. As of July 31, the backlog reached $142.3 million, a 17% increase year-over-year. Perma-Pipe signed an MOU with Welspun to form a joint venture in Jordan, marking its first entry into the pipe manufacturing market and participation in Jordan's National Water Carrier Project, as well as reconstruction efforts in Syria, Iraq, and other regions. Additionally, its Qatar facility is now operational, serving QatarEnergy and regional clients, and Saudi Aramco has certified its new product line. The company also secured a $90 million credit facility from JPMorgan Chase.