09:53 AM EDT, 09/15/2025 (MT Newswires) -- Perma-Pipe International Holdings ( PPIH ) shares fell 15% in recent Monday trading after the company reported lower fiscal Q2 earnings and said it initiates the exploration of strategic alternatives.

The company reported fiscal Q2 earnings of $0.10 per diluted share, down from $0.40 a year earlier.

Net sales for the quarter ended July 31 were $47.9 million, up from $37.5 million a year earlier.

Analysts' estimates were not available for comparison.

Perma-Pipe ( PPIH ) said the alternatives to be evaluated include continued execution of its business plan, a sale of one or more of its units or a sale of the entire company.

The company said it cannot provide assurance regarding the outcome or timing of the exploration of alternatives.

Price: 26.83, Change: -4.17, Percent Change: -13.45