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Northwest Pipe Company (NASDAQ: NWPX) is a prominent manufacturer specializing in water-related infrastructure products. Founded in 1966, the company is headquartered in Vancouver, Washington, and boasts 13 manufacturing facilities across North America, strategically positioned to meet the growing demands for water and wastewater infrastructure.
The company operates through two main segments:
- Engineered Steel Pressure Pipe (SPP) Segment: This division is the largest manufacturer of engineered steel pipeline systems in North America. It produces large-diameter, high-pressure steel pipelines primarily used for water transmission, serving applications such as drinking water systems, hydroelectric power systems, wastewater systems, and seismic resiliency. Key products include steel casing pipes with the proprietary Permalok® joint, which are used for crossings and tunnels.
- Precast Infrastructure and Engineered Systems Segment: This segment manufactures stormwater and wastewater technology products, high-quality precast and reinforced concrete products like manholes, box culverts, vaults, and catch basins. Additionally, it produces pump lift stations, oil-water separators, biofiltration systems, and other specialized environmental and engineered solutions.
Northwest Pipe Company is dedicated to quality and innovation, with a diverse team committed to the company's core values of accountability, commitment, and teamwork. Recent achievements include the launch of a new customer-centric website for its ParkUSA line, emphasizing product-based solutions and ease of navigation.
Financially, the company has shown resilience despite challenging market conditions. For instance, in 2023, it maintained strong revenue figures and backlog despite reduced bidding activity and market fluctuations. Northwest Pipe continues to focus on improving its liquidity by paying down debt and generating strong cash flow from operations. It has also authorized a share repurchase program to enhance shareholder value.
For more information, please visit www.nwpipe.com.
Northwest Pipe Company (NWPX) reported strong Q3 2024 results with net sales increasing 9.7% to $130.2 million. The company achieved record gross profit of $27.0 million, up 40% year-over-year, with a 20.8% margin. Net income reached $1.02 per diluted share. The Engineered Steel Pressure Pipe segment saw a 6.7% increase in sales to $85.9 million, while the Precast segment achieved record sales of $44.3 million, up 15.8%. The company maintains a strong backlog of $231 million for SPP and a $57 million order book for Precast, generating $22.7 million in operating cash flow during the quarter.
Northwest Pipe Company (NASDAQ: NWPX), a leading manufacturer of water-related infrastructure products, has announced its plan to release third quarter 2024 financial results on Wednesday, October 30, 2024, after market close. The company will host a conference call to discuss these results on Thursday, October 31, 2024, at 7:00 a.m. Pacific Time.
The call will be led by Scott Montross, President and CEO, and Aaron Wilkins, CFO. It will be broadcast live on the Investor Relations section of the company's website at www.nwpipe.com and archived online afterward. For those unable to attend the live call, a replay will be available until November 14, 2024, by dialing 1-844-512-2921 (U.S.) or 1-412-317-6671 (international) with the replay access code: 13749246.
Northwest Pipe Company (NWPX) reported strong Q2 2024 financial results, with net sales increasing 11.3% year-over-year to $129.5 million. The company achieved record net sales of $89.5 million in its Engineered Steel Pressure Pipe (SPP) segment and record gross profit of $25.8 million, up 14.8% from the previous year. Net income was $0.86 per diluted share, and the company generated $22.3 million in net cash from operating activities.
The SPP segment's backlog stood at $282 million, with confirmed orders bringing it to $348 million. The Precast Infrastructure and Engineered Systems segment's order book was $62 million. Despite weather-related challenges in Texas, the company expects a stronger third quarter with improving revenue and gross margins in the Precast segment.
Northwest Pipe Company (NASDAQ: NWPX), a leading manufacturer of water-related infrastructure products, has announced its plans to release second quarter 2024 financial results on July 31, 2024, after market close. The company will host a conference call to discuss these results on August 1, 2024, at 7:00 a.m. Pacific Time.
Key details:
- Financial results release: July 31, 2024, after market close
- Conference call: August 1, 2024, at 7:00 a.m. PT
- Hosts: Scott Montross (President and CEO) and Aaron Wilkins (CFO)
- Live broadcast: Investor Relations section of www.nwpipe.com
- Replay available until August 15, 2024
Northwest Pipe Company announced its first quarter 2024 financial results, showcasing record net sales of $113.2 million, a 14.2% increase year-over-year, along with a gross profit increase of 21.5%. The company reported a net income of $0.52 per diluted share. Additionally, the backlog stood at $255 million, with confirmed orders totaling $337 million for the Engineered Steel Pressure Pipe segment. The Precast segment reported an order book of $52 million.
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