Perma-Pipe International Holdings Inc
For the period ended Jan 31, 2024. Filed Apr 26, 2024.
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FY2024 · Filed Apr 26, 2024
PPIH$29.53-0.4%Stored close · as of Nov 10, 2026
Extracted filing text, with the paragraph anchors used by the comparison.
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Item 3. Legal Proceedings
| Item 3. | LEGAL PROCEEDINGS - The Company is subject to various legal proceedings and claims that arise in the ordinary course of business, including those involving environmental, tax, product liability and general liability claims. The Company accrues a liability for these matters when it is considered probable that future costs will be incurred, and the amount can be reasonably estimated. Such accruals are based on developments to date, the Company's estimates of the outcomes with respect to any legal proceedings, and its experience in contesting, litigating and settling other similar matters. As of January 31, 2024, the Company was actively involved in a legal proceeding that arose in 2018 with an existing customer which was resolved subsequent to the end of the year. For further information, see Note 13 - Subsequent events, in the Notes to Consolidated Financial Statements. |
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