NWPX Stock Recent News

Northwest Pipe Co. (NWPX) came out with quarterly earnings of $0.86 per share, beating the Zacks Consensus Estimate of $0.67 per share. This compares to earnings of $0.74 per share a year ago.

Net sales of $129.5 million increased 11.3% year-over-year Record net sales of $89.5 million for the Engineered Steel Pressure Pipe segment ("SPP") Record gross profit of $25.8 million increased 14.8% year-over-year Net income of $0.86 per diluted share Generated strong net cash provided by operating activities of $22.3 million Backlog1 of $282 million; backlog including confirmed orders2 of $348 million for SPP Order book3 of $62 million for the Precast Infrastructure and Engineered Systems segment ("Precast") VANCOUVER, Wash. , July 31, 2024 /PRNewswire/ -- Northwest Pipe Company (NASDAQ: NWPX) (the "Company"), a leading manufacturer of water-related infrastructure products, today announced its financial results for the second quarter ended June 30, 2024.

Financial results to be released after market close on July 31, 2024 Conference call to begin at 7:00 a.m. PT on August 1, 2024 VANCOUVER, Wash.

Northwest Pipe Company specialises in water-related infrastructure products. It faced headwinds in 2023 due to the small bidding market and interest rate environment. The ageing US water infrastructure is in need of repairs to meet the current demand. For the next 20 years, total state needs are forecast at $625 billion. NWPX's strategically located plants in states with higher water CAPEX and wide market reach position itself well to capitalise on this growing demand for water infrastructure.

Northwest Pipe Co. (NWPX) made it through our "Recent Price Strength" screen and could be a great choice for investors looking to make a profit from stocks that are currently on the move.

Northwest Pipe Co. (NWPX) made it through our "Recent Price Strength" screen and could be a great choice for investors looking to make a profit from stocks that are currently on the move.

UTHR and NWPX made it to the Zacks Rank #1 (Strong Buy) value stocks list on May 7, 2024.

Northwest Pipe Company (NASDAQ:NWPX ) Q1 2024 Earnings Conference Call May 2, 2024 10:00 AM ET Company Participants Scott Montross - President and CEO Aaron Wilkins - Chief Financial Officer Conference Call Participants Brent Thielman - D.A. Davidson Julio Romero - Sidoti & Company Ted Jackson - Northern Securities David Wright - Henry Investment Trust Operator Hello.

Although the revenue and EPS for Northwest Pipe Co. (NWPX) give a sense of how its business performed in the quarter ended March 2024, it might be worth considering how some key metrics compare with Wall Street estimates and the year-ago numbers.

Northwest Pipe's 2023 revenue, gross profit margin, and net income per diluted share fell given weaker demand and a smaller bidding year for the SPP segment. Management anticipates a stronger 2024 for the Precast segment and a larger bidding year for the SPP segment. I think the bidding years for the SPP segment could increase as lower energy prices could increase the number of water desalination plants and subsequent demand for water transmission systems.