Perma-Pipe(US:PPIH)2025-05-01 20:12Backlog and Awards - The Company's backlog as of January 31, 2025, was $138.1 million, up from $68.4 million on January 31, 2024, indicating a significant increase in new awards year-over-year[24]. Employee Count - The Company had approximately 175 full-time employees in the United States and around 575 full-time employees at international locations as of January 31, 2025[33]. Supply Chain Management - The Company has implemented strategies to mitigate the impacts of raw material supply shortages and price increases due to inflation, including purchasing from alternative suppliers and adjusting customer pricing[29]. - The Company maintains adequate supplies of raw materials necessary for production, including pipes and tubes made of various materials[27]. Customer Base - The Company operates a diverse customer base with no single customer accounting for more than 10% of consolidated net sales or accounts receivable for the years ended January 31, 2025, and 2024[22][23]. Research and Development - The Company focuses its research and development efforts on meeting product specifications mandated by customers and the industry[31]. Intellectual Property - The Company owns various patents related to its piping and electronic leak detection systems, although these patents are not considered material to its overall sales[26]. Competitive Position - The Company believes it has a more comprehensive product line than any competitor in the highly competitive piping systems market[30]. Contractual Obligations - The Company’s contracts typically have a duration of less than one year, affecting the disclosure of future performance obligations[25]. Product Offerings - The Company provides insulated pipe for district energy systems, which are designed to improve energy efficiency and reduce operating costs[32].