{"id":976407,"date":"2026-06-29T07:08:22","date_gmt":"2026-06-29T11:08:22","guid":{"rendered":"https:\/\/www.marketnewsdesk.com\/index.php\/perma-pipe-joins-russell-2000-and-russell-3000-indexes\/"},"modified":"2026-06-29T07:08:22","modified_gmt":"2026-06-29T11:08:22","slug":"perma-pipe-joins-russell-2000-and-russell-3000-indexes","status":"publish","type":"post","link":"https:\/\/www.marketnewsdesk.com\/index.php\/perma-pipe-joins-russell-2000-and-russell-3000-indexes\/","title":{"rendered":"Perma-Pipe Joins Russell 2000 and Russell 3000 Indexes"},"content":{"rendered":"<p>        <!--.bwalignc { text-align: center; list-style-position: inside }body {font:normal small Arial,Helvetica,sans-serif;color:#000;background-color:#fff;padding:24px;margin:0;} a img {border:0;} h3 {font-size:medium;color:#000;margin:0 0 1em 0; text-align:center;}-->  <\/p>\n<p class=\"bwalignc\"><b>Perma-Pipe Joins Russell 2000 and Russell 3000 Indexes<\/b><\/p>\n<p>THE WOODLANDS, Texas&#8211;(<a href=\"http:\/\/www.businesswire.com\">BUSINESS WIRE<\/a>)&#8211;<br \/>\nPerma-Pipe International Holdings, Inc. (NASDAQ: PPIH) announced today that it has been added as a member of the Russell 2000\u00ae and the Russell 3000\u00ae indexes, effective when the US market opens on June 29, as part of the first 2026 Russell indexes reconstitution.<\/p>\n<p>\nThe June reconstitution of the Russell US indexes captures up to the 4,000 largest US stocks as of April 30, ranking them by total market capitalization. Membership in the Russell 3000\u00ae Index, which remains in place for half a year beginning 2026, means automatic inclusion in the large-cap Russell 1000\u00ae Index or small-cap Russell 2000\u00ae Index as well as the appropriate growth and value style indexes. FTSE Russell determines membership for its Russell indexes primarily by objective, market-capitalization rankings and style attributes.<\/p>\n<p>\nRussell indexes are widely used by investment managers and institutional investors for index funds and as benchmarks for active investment strategies. According to data as of the end of June 2025, about $12.2 trillion in assets are benchmarked against the Russell US indexes, which belong to FTSE Russell, the global index provider. For more information on the Russell 2000 and 3000 Indexes and the Russell indexes reconstitution, go to the \u201cRussell Reconstitution\u201d section on the <a rel=\"nofollow\" href=\"https:\/\/cts.businesswire.com\/ct\/CT?id=smartlink&amp;url=https%3A%2F%2Fwww.lseg.com%2Fen%2Fftse-russell%2Frussell-reconstitution&amp;esheet=54561868&amp;newsitemid=20260629868957&amp;lan=en-US&amp;anchor=FTSE+Russell+website&amp;index=1&amp;md5=a379f1829e0a1603058745661bc56cd2\">FTSE Russell website<\/a>.<\/p>\n<p>\n\u201cOur inclusion in the Russell 2000 and Russell 3000 indexes is a meaningful milestone for Perma-Pipe and a reflection of the progress we have made in growing the Company and creating value for our shareholders,&#8221; said Saleh Sagr, President and Chief Executive Officer of Perma-Pipe. &#8220;Building on our record fiscal 2025 results, this recognition enhances our visibility within the investment community and supports our ongoing commitment to greater transparency and engagement with shareholders and investors as we continue to execute our global growth strategy.&#8221;<\/p>\n<p><b>Perma-Pipe International Holdings, Inc.<\/b><\/p>\n<p>\nPerma-Pipe International Holdings, Inc. (the \u201cCompany\u201d) is a global leader in pre-insulated piping and leak detection systems for oil and gas gathering, district heating and cooling, and other applications. It uses its extensive engineering and fabrication expertise to develop piping solutions that solve complex challenges regarding the safe and efficient transportation of many types of liquids. In total, the Company has operations at fourteen locations in seven countries.<\/p>\n<p><b>Forward-Looking Statements<\/b><\/p>\n<p>\nCertain statements and other information contained in this press release that can be identified by the use of forward-looking terminology constitute \u201cforward-looking statements\u201d within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended, and are subject to the safe harbors created thereby, including, without limitation, statements regarding the expected future performance and operations of the Company. These statements should be considered as subject to the many risks and uncertainties that exist in the Company&#8217;s operations and business environment. Such risks and uncertainties include, but are not limited to, the following: (i) fluctuations in the price of oil and natural gas and its impact on customer order volume for the Company&#8217;s products; (ii) the Company\u2019s ability to purchase raw materials at favorable prices and to maintain beneficial relationships with its suppliers; (iii) decreases in government spending on projects using the Company\u2019s products, and challenges to the Company\u2019s non-government customers\u2019 liquidity and access to capital funds; (iv) the Company\u2019s ability to repay its debt and renew expiring international credit facilities; (v) the Company\u2019s ability to effectively execute its strategic plan and achieve sustained profitability and positive cash flows; (vi) the Company&#8217;s ability to collect a long-term account receivable related to a project in the Middle East; (vii) the Company\u2019s ability to interpret changes in tax regulations and legislation; (viii) the Company&#8217;s ability to use its net operating loss carryforwards; (ix) reversals of previously recorded revenue and profits resulting from inaccurate estimates made in connection with the Company\u2019s &#8220;over-time&#8221; revenue recognition; (x) the Company\u2019s failure to establish and maintain effective internal control over financial reporting; (xi) the timing of order receipt, execution, delivery and acceptance for the Company\u2019s products; (xii) the Company\u2019s ability to successfully negotiate progress-billing arrangements for its large contracts; (xiii) aggressive pricing by existing competitors and the entrance of new competitors in the markets in which the Company operates; (xiv) the Company\u2019s ability to manufacture products free of latent defects and to recover from suppliers who may provide defective materials to the Company; (xv) reductions or cancellations of orders included in the Company\u2019s backlog; (xvi) risks and uncertainties specific to the Company&#8217;s international business operations; (xvii) the Company\u2019s ability to attract and retain senior management and key personnel; (xviii) the Company\u2019s ability to achieve the expected benefits of its growth initiatives; (xix) the impact of pandemics and other public health crises on the Company and its operations; and (xx) the impact of cybersecurity threats on the Company\u2019s information technology systems. Shareholders, potential investors and other readers are urged to consider these factors carefully in evaluating the forward-looking statements and are cautioned not to place undue reliance on such forward-looking statements. The forward-looking statements made herein are made only as of the date of this press release and we undertake no obligation to publicly update any forward-looking statements, whether as a result of new information, future events or otherwise. More detailed information about factors that may affect our performance may be found in our filings with the Securities and Exchange Commission, which are available at <a rel=\"nofollow\" href=\"https:\/\/cts.businesswire.com\/ct\/CT?id=smartlink&amp;url=https%3A%2F%2Fwww.sec.gov&amp;esheet=54561868&amp;newsitemid=20260629868957&amp;lan=en-US&amp;anchor=https%3A%2F%2Fwww.sec.gov&amp;index=2&amp;md5=ae0f7292b69c6bc8e367479ae4052683\">https:\/\/www.sec.gov<\/a> and under the Investor Center section of our website (<a rel=\"nofollow\" href=\"https:\/\/cts.businesswire.com\/ct\/CT?id=smartlink&amp;url=http%3A%2F%2Finvestors.permapipe.com&amp;esheet=54561868&amp;newsitemid=20260629868957&amp;lan=en-US&amp;anchor=http%3A%2F%2Finvestors.permapipe.com&amp;index=3&amp;md5=1bc2846f4b79a076b1dcf975d6834e2a\">http:\/\/investors.permapipe.com<\/a>.)<\/p>\n<p><img decoding=\"async\" alt=\"\" src=\"https:\/\/cts.businesswire.com\/ct\/CT?id=bwnews&amp;sty=20260629868957r1&amp;sid=flmnd&amp;distro=nx&amp;lang=en\" style=\"width:0;height:0\" \/><span class=\"bwct31415\" \/><\/p>\n<p id=\"mmgallerylink\"><span id=\"mmgallerylink-phrase\">View source version on businesswire.com: <\/span><span id=\"mmgallerylink-link\"><a href=\"https:\/\/www.businesswire.com\/news\/home\/20260629868957\/en\/\" rel=\"nofollow\">https:\/\/www.businesswire.com\/news\/home\/20260629868957\/en\/<\/a><\/span><\/p>\n<p>\nSaleh Sagr, President and CEO<\/p>\n<p>\nPerma-Pipe Investor Relations<br \/>\n<br \/>(281) 941-2445<br \/>\n<br \/><a rel=\"nofollow\" href=\"mailto:investor@permapipe.com\">investor@permapipe.com<\/a><\/p>\n<p><b>KEYWORDS:<\/b> Texas United States North America Canada<\/p>\n<p><b>INDUSTRY KEYWORDS:<\/b> Other Manufacturing Construction &amp; Property Engineering HVAC Chemicals\/Plastics Oil\/Gas Building Systems Manufacturing Energy Machine Tools, Metalworking &amp; Metallurgy<\/p>\n<p><b>MEDIA:<\/b><\/p>\n<table cellpadding=\"3\" cellspacing=\"3\">\n<tr>\n<td><font face=\"Arial\" size=\"2\"><b>Logo<\/b><\/font><\/td>\n<\/tr>\n<tr>\n<td><img decoding=\"async\" src=\"https:\/\/mms.businesswire.com\/media\/20260629868957\/en\/761552\/3\/PP_LOGO_2.5_INCH_For_Docs.jpg\" alt=\"Logo\" \/><\/td>\n<\/tr>\n<tr>\n<td><font face=\"Arial\" size=\"2\"><\/font><\/td>\n<\/tr>\n<\/table>\n","protected":false},"excerpt":{"rendered":"<p>Perma-Pipe Joins Russell 2000 and Russell 3000 Indexes THE WOODLANDS, Texas&#8211;(BUSINESS WIRE)&#8211; Perma-Pipe International Holdings, Inc. (NASDAQ: PPIH) announced today that it has been added as a member of the Russell 2000\u00ae and the Russell 3000\u00ae indexes, effective when the US market opens on June 29, as part of the first 2026 Russell indexes reconstitution. The June reconstitution of the Russell US indexes captures up to the 4,000 largest US stocks as of April 30, ranking them by total market capitalization. Membership in the Russell 3000\u00ae Index, which remains in place for half a year beginning 2026, means automatic inclusion in the large-cap Russell 1000\u00ae Index or small-cap Russell 2000\u00ae Index as well as the appropriate growth and value style &hellip; <\/p>\n<p class=\"link-more\"><a href=\"https:\/\/www.marketnewsdesk.com\/index.php\/perma-pipe-joins-russell-2000-and-russell-3000-indexes\/\" class=\"more-link\">Continue reading<span class=\"screen-reader-text\"> &#8220;Perma-Pipe Joins Russell 2000 and Russell 3000 Indexes&#8221;<\/span><\/a><\/p>\n","protected":false},"author":2,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[],"tags":[],"class_list":["post-976407","post","type-post","status-publish","format-standard","hentry"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v27.9 - https:\/\/yoast.com\/product\/yoast-seo-wordpress\/ -->\n<title>Perma-Pipe Joins Russell 2000 and Russell 3000 Indexes - Market Newsdesk<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.marketnewsdesk.com\/index.php\/perma-pipe-joins-russell-2000-and-russell-3000-indexes\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Perma-Pipe Joins Russell 2000 and Russell 3000 Indexes - Market Newsdesk\" \/>\n<meta property=\"og:description\" content=\"Perma-Pipe Joins Russell 2000 and Russell 3000 Indexes THE WOODLANDS, Texas&#8211;(BUSINESS WIRE)&#8211; Perma-Pipe International Holdings, Inc. (NASDAQ: PPIH) announced today that it has been added as a member of the Russell 2000\u00ae and the Russell 3000\u00ae indexes, effective when the US market opens on June 29, as part of the first 2026 Russell indexes reconstitution. The June reconstitution of the Russell US indexes captures up to the 4,000 largest US stocks as of April 30, ranking them by total market capitalization. Membership in the Russell 3000\u00ae Index, which remains in place for half a year beginning 2026, means automatic inclusion in the large-cap Russell 1000\u00ae Index or small-cap Russell 2000\u00ae Index as well as the appropriate growth and value style &hellip; Continue reading &quot;Perma-Pipe Joins Russell 2000 and Russell 3000 Indexes&quot;\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.marketnewsdesk.com\/index.php\/perma-pipe-joins-russell-2000-and-russell-3000-indexes\/\" \/>\n<meta property=\"og:site_name\" content=\"Market Newsdesk\" \/>\n<meta property=\"article:published_time\" content=\"2026-06-29T11:08:22+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/cts.businesswire.com\/ct\/CT?id=bwnews&amp;sty=20260629868957r1&amp;sid=flmnd&amp;distro=nx&amp;lang=en\" \/>\n<meta name=\"author\" content=\"Newsdesk\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"Newsdesk\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"5 minutes\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\\\/\\\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/index.php\\\/perma-pipe-joins-russell-2000-and-russell-3000-indexes\\\/#article\",\"isPartOf\":{\"@id\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/index.php\\\/perma-pipe-joins-russell-2000-and-russell-3000-indexes\\\/\"},\"author\":{\"name\":\"Newsdesk\",\"@id\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/#\\\/schema\\\/person\\\/482f27a394d4fda80ecb5499e519d979\"},\"headline\":\"Perma-Pipe Joins Russell 2000 and Russell 3000 Indexes\",\"datePublished\":\"2026-06-29T11:08:22+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/index.php\\\/perma-pipe-joins-russell-2000-and-russell-3000-indexes\\\/\"},\"wordCount\":968,\"image\":{\"@id\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/index.php\\\/perma-pipe-joins-russell-2000-and-russell-3000-indexes\\\/#primaryimage\"},\"thumbnailUrl\":\"https:\\\/\\\/cts.businesswire.com\\\/ct\\\/CT?id=bwnews&amp;sty=20260629868957r1&amp;sid=flmnd&amp;distro=nx&amp;lang=en\",\"inLanguage\":\"en-US\"},{\"@type\":\"WebPage\",\"@id\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/index.php\\\/perma-pipe-joins-russell-2000-and-russell-3000-indexes\\\/\",\"url\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/index.php\\\/perma-pipe-joins-russell-2000-and-russell-3000-indexes\\\/\",\"name\":\"Perma-Pipe Joins Russell 2000 and Russell 3000 Indexes - 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(NASDAQ: PPIH) announced today that it has been added as a member of the Russell 2000\u00ae and the Russell 3000\u00ae indexes, effective when the US market opens on June 29, as part of the first 2026 Russell indexes reconstitution. The June reconstitution of the Russell US indexes captures up to the 4,000 largest US stocks as of April 30, ranking them by total market capitalization. Membership in the Russell 3000\u00ae Index, which remains in place for half a year beginning 2026, means automatic inclusion in the large-cap Russell 1000\u00ae Index or small-cap Russell 2000\u00ae Index as well as the appropriate growth and value style &hellip; Continue reading \"Perma-Pipe Joins Russell 2000 and Russell 3000 Indexes\"","og_url":"https:\/\/www.marketnewsdesk.com\/index.php\/perma-pipe-joins-russell-2000-and-russell-3000-indexes\/","og_site_name":"Market Newsdesk","article_published_time":"2026-06-29T11:08:22+00:00","og_image":[{"url":"https:\/\/cts.businesswire.com\/ct\/CT?id=bwnews&amp;sty=20260629868957r1&amp;sid=flmnd&amp;distro=nx&amp;lang=en","type":"","width":"","height":""}],"author":"Newsdesk","twitter_card":"summary_large_image","twitter_misc":{"Written by":"Newsdesk","Est. reading time":"5 minutes"},"schema":{"@context":"https:\/\/schema.org","@graph":[{"@type":"Article","@id":"https:\/\/www.marketnewsdesk.com\/index.php\/perma-pipe-joins-russell-2000-and-russell-3000-indexes\/#article","isPartOf":{"@id":"https:\/\/www.marketnewsdesk.com\/index.php\/perma-pipe-joins-russell-2000-and-russell-3000-indexes\/"},"author":{"name":"Newsdesk","@id":"https:\/\/www.marketnewsdesk.com\/#\/schema\/person\/482f27a394d4fda80ecb5499e519d979"},"headline":"Perma-Pipe Joins Russell 2000 and Russell 3000 Indexes","datePublished":"2026-06-29T11:08:22+00:00","mainEntityOfPage":{"@id":"https:\/\/www.marketnewsdesk.com\/index.php\/perma-pipe-joins-russell-2000-and-russell-3000-indexes\/"},"wordCount":968,"image":{"@id":"https:\/\/www.marketnewsdesk.com\/index.php\/perma-pipe-joins-russell-2000-and-russell-3000-indexes\/#primaryimage"},"thumbnailUrl":"https:\/\/cts.businesswire.com\/ct\/CT?id=bwnews&amp;sty=20260629868957r1&amp;sid=flmnd&amp;distro=nx&amp;lang=en","inLanguage":"en-US"},{"@type":"WebPage","@id":"https:\/\/www.marketnewsdesk.com\/index.php\/perma-pipe-joins-russell-2000-and-russell-3000-indexes\/","url":"https:\/\/www.marketnewsdesk.com\/index.php\/perma-pipe-joins-russell-2000-and-russell-3000-indexes\/","name":"Perma-Pipe Joins Russell 2000 and Russell 3000 Indexes - 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