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 (NASDAQ: NWPX) reported a 4.9% increase in net sales to $72.3 million in Q1 2021, driven by contributions from the Geneva Pipe acquisition. However, gross profit decreased by 8.4% to $8.8 million, primarily due to product mix at legacy facilities. Net income rose to $2.2 million ($0.22 per diluted share), compared to $0.6 million ($0.06) in Q1 2020. Backlog was approximately $178 million, reflecting strong demand despite challenges in the steel market. Management anticipates continued supply disruptions in the second quarter.
Northwest Pipe Company (NASDAQ: NWPX) will release its financial results for Q1 2021 on May 3, 2021. A conference call to discuss these results is scheduled for May 4, 2021, at 7:00 a.m. Pacific Time. Northwest Pipe is recognized as the largest manufacturer of engineered steel water pipeline systems in North America, specializing in various water infrastructure products. The company aims to address the growing needs of water and wastewater infrastructure, positioning itself strategically in the market.
Northwest Pipe Company (NASDAQ: NWPX) announced that its subsidiary, Permalok®, will feature in an episode of Manufacturing Marvels® on Fox Business Network on March 15, 2021. This segment will showcase the efficient manufacturing process and installation of Permalok steel casing pipe, which is widely used in trenchless construction. With over four million feet installed and 25 years of experience, the company emphasizes its role in minimizing environmental impact and facilitating quicker project timelines. Scott Montross, CEO, expressed enthusiasm for the segment's educational value to the public.
Northwest Pipe Company (NASDAQ: NWPX) reported a 4.0% decline in net sales for Q4 2020, totaling $69.4 million, attributed to lower steel pipe production. Despite a 17% increase in selling prices, gross profit fell 26.9% to $12.4 million. Net income dropped to $5.2 million from $12.0 million year-over-year. For 2020, net sales increased by 2.4% to $285.9 million, yet net income declined from $27.9 million in 2019 to $19.1 million. Backlog at year-end was $221 million, down from $258 million one year prior.
Northwest Pipe Company (NASDAQ: NWPX) announced the upcoming release of its financial results for the fourth quarter and full year ending December 31, 2020, scheduled for March 3, 2021. A conference call to discuss these results will be held on March 4, 2021, at 7:00 a.m. Pacific Time, available on their website. Established in 1966, Northwest Pipe is recognized as the largest manufacturer of engineered steel water pipeline systems in North America, providing solutions for various water infrastructure needs.
Northwest Pipe Company (NASDAQ: NWPX) reported a 3.2% increase in net sales for Q3 2020, totaling $77.6 million, driven by contributions from its acquired Geneva operations. However, legacy revenue decreased due to a 37% drop in production volume. Gross profit rose slightly to $15.6 million, maintaining a margin of 20.1%. Net income fell to $7.3 million ($0.73 per diluted share), down from $10.7 million in Q3 2019. Backlog decreased to $231 million, reflecting impacts from project delays.
Northwest Pipe Company (NASDAQ: NWPX) announced its upcoming release of third-quarter financial results for the period ended September 30, 2020, scheduled for November 4, 2020. The announcement includes a conference call on November 5, 2020, at 7:00 a.m. PT, hosted by CEO Scott Montross and CFO Aaron Wilkins. The call will be accessible online and available for replay afterward. Established in 1966, Northwest Pipe Company specializes in engineered steel water pipeline systems and caters to various markets related to water infrastructure.
Northwest Pipe Company (Nasdaq: NWPX) has been selected by Garney Construction to supply a steel water pipe engineered system for the Yadkin Regional Water Supply Project in North Carolina. The project aims to meet the increasing demand for safe water by constructing a 28-mile raw water pipeline from Lake Tillery to a new treatment plant in Union County. The Company will produce over 9,285 tons of engineered steel pipe, with work scheduled to begin late this year. This initiative is expected to enhance water delivery systems and contribute to the economic vitality of the Yadkin River Basin.
Northwest Pipe Company (Nasdaq: NWPX) has been selected to supply steel water pipe for the Smith Rock-King Way Infrastructure Modernization project in Central Oregon. This initiative aims to convert 7.9 miles of irrigation canals into an underground system, expected to save approximately 9,392 acre-feet of water annually. The project will utilize about 15,176 feet of steel pipe and over 3,215 tons of material. Construction is set to begin on October 1, 2020, and will enhance water conservation and public safety while benefitting agricultural and aquatic ecosystems.
Northwest Pipe Company (NASDAQ: NWPX) will participate in the D.A. Davidson 19th Annual Diversified Industrials and Services Virtual Conference on September 22-23, 2020. CEO Scott Montross and CFO Aaron Wilkins will present on September 22 at 11:45 a.m. ET and engage in investor meetings on September 23. The presentation will be webcast live and available for replay on the Company’s Investor Relations website for 90 days.
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