Welcome to our dedicated page for Northwest Pipe Co news (Ticker: NWPX), a resource for investors and traders seeking the latest updates and insights on Northwest Pipe Co stock.
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) has been awarded a contract to produce engineered steel pipe for the Central Utah Water Conservancy District's Spanish Fork Santaquin Pipeline Project. The company will manufacture over 2,500 tons of 60-inch diameter pipeline and expects to deliver approximately 12,200 feet of product starting in Q3 2022. This initiative aims to enhance water delivery for over 1.5 million residents in central Utah, emphasizing the critical nature of the project as the state experiences steady population growth.
For Q1 2022, Northwest Pipe Company (NWPX) reported a 51.2% increase in net sales, totaling $109.3 million compared to Q1 2021. The gross profit rose 68.5% to $14.8 million, with net income at $3.6 million or $0.36 per diluted share. Notably, the Engineered Steel Pressure Pipe segment saw a record backlog of $341 million, driven by strong bidding activity. The Precast segment also performed well, achieving 182.5% growth in net sales, primarily due to the integration of ParkUSA. The company emphasizes ongoing growth prospects and margin expansion moving forward.
Northwest Pipe Company (NASDAQ: NWPX) will release its financial results for Q1 2022 on May 4, 2022, after market close. A conference call to discuss the results will take place on May 5, 2022, at 7:00 a.m. PT. The call will feature comments from President and CEO Scott Montross and CFO Aaron Wilkins, and will be available live on the company's website. Northwest Pipe, founded in 1966, is a leading manufacturer of water-related infrastructure products with 13 facilities across North America.
Northwest Pipe Company (Nasdaq: NWPX) has secured a contract to produce over eight miles of engineered steel water pipe for the Red River Valley Water Supply Project in North Dakota. This project aims to provide a stable water supply to central and eastern North Dakota, addressing potential drought impacts estimated at $32 billion. The company will manufacture 7,500 tons of 72-inch-diameter pipeline at its Saginaw, TX facility, with deliveries commencing this summer. The project is expected to benefit more than 35 cities and improve industrial development in the region.
Northwest Pipe Company (NWPX) reported annual net sales of $333.3 million, a 16.6% year-over-year increase. The full-year net income was $11.5 million or $1.16 per diluted share, lower than the previous year. The record backlog reached $183 million, with confirmed orders of $290 million for Engineered Steel Pressure Pipe. The acquisition of ParkUSA on October 5, 2021, contributed $18 million in Q4 revenue. Gross profit was 12.4% lower year-over-year at $44.3 million. Management anticipates ongoing strong performance in its precast concrete segment.
Northwest Pipe Company (NWPX) has been awarded a contract to manufacture engineered steel water transmission pipe for the Navajo-Gallup Water Supply Project, in collaboration with S.J. Louis Construction, Inc. This project aims to provide a sustainable water supply for approximately 250,000 residents in New Mexico, delivering over 37,700 acre-feet of water annually from the San Juan River. NWPX will supply over 1,813 tons of pipeline, produced at its facility in Sonora, Mexico. This initiative enhances critical water infrastructure in the region.
Northwest Pipe Company (NASDAQ: NWPX) will announce its financial results for Q4 and the full year ending December 31, 2021, on March 15, 2022. A conference call with President Scott Montross and CFO Aaron Wilkins is scheduled for March 16, 2022, at 7:00 a.m. PT to discuss the results. The call will be accessible online and archived for those unable to attend. Founded in 1966, Northwest Pipe is a leading North American manufacturer of engineered pipeline systems serving water infrastructure needs.
Northwest Pipe Company (Nasdaq: NWPX) has announced the launch of the InfraShield® Seismic Resilient Joint System, designed for steel water transmission pipelines. This innovative system enhances joint integrity during seismic events and is built on C200 steel's proven performance. The patent-pending technology provides watertight integrity and offers a lower lifetime ownership cost compared to competing systems. InfraShield® requires no special training for installation, making it cost-effective and efficient. The company will showcase this solution at the American Society of Civil Engineering's Lifelines Conference in February.
Northwest Pipe Company (Nasdaq: NWPX) has secured a contract with Garney Construction for the manufacturing of engineered steel pipe for Phase 1B – Segment A of the Carrizo-Water Supply Project, expected to be operational by late 2023. The project, serving Texas communities including San Marcos and Buda, is designed to deliver 19 million gallons of water daily, benefiting over 225,000 residents. Northwest Pipe will produce approximately 89,000 feet of 48-inch-diameter pipeline using over 5,100 tons of steel from its Saginaw, Texas plant.
Northwest Pipe Company (NASDAQ: NWPX) is enhancing its investment in precast concrete operations in Utah, committing over $18 million in capital improvements at its Geneva Pipe and Precast Company plants. This follows its October 2021 acquisition of Park Environmental Equipment, LLC, which included three Texas facilities. The company has begun new manufacturing initiatives, including a batch plant in St. George and a new automated concrete pipe machine, aiming to meet increasing demand for reinforced concrete pipe. CEO Scott Montross noted that order levels are at an all-time high.
FAQ
What is the current stock price of Northwest Pipe Co (NWPX)?
What is the market cap of Northwest Pipe Co (NWPX)?
What does Northwest Pipe Company specialize in?
Where is Northwest Pipe Company headquartered?
What are the main segments of Northwest Pipe Company's business?
What is the Permalok® joint?
How many manufacturing facilities does Northwest Pipe Company have?
What recent achievements has Northwest Pipe Company made?
What types of products are included in the Precast Infrastructure segment?
What are the core values of Northwest Pipe Company?
What are some uses for Northwest Pipe's engineered steel pipeline systems?
Where can I find more information about Northwest Pipe Company?
