NWPX Stock Recent News

Northwest Pipe Co. (NWPX) shares have started gaining and might continue moving higher in the near term, as indicated by solid earnings estimate revisions.

Northwest Pipe Co. (NWPX) might move higher on growing optimism about its earnings prospects, which is reflected by its upgrade to a Zacks Rank #1 (Strong Buy).

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

Northwest Pipe Company (NASDAQ:NWPX ) Q2 2024 Earnings Conference Call August 1, 2024 10:00 AM ET Company Participants Scott Montross - President and CEO Aaron Wilkins - Chief Financial Officer Conference Call Participants Julio Romero - Sidoti Brent Thielman - D.A. Davidson Ted Jackson - Northland Securities David Wright - Henry Investment Trust Operator Good morning and welcome to Northwest Pipe Company's Second Quarter 2024 Earnings Conference Call.

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

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.