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Northwest Pipe Co - $NWPX STOCK NEWS

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.

Our selection of high-quality news articles is accompanied by an expert summary from Rhea-AI, detailing the impact and sentiment surrounding the news at the time of release, providing a deeper understanding of how each news could potentially affect Northwest Pipe Co's stock performance. The page also features a concise end-of-day stock performance summary, highlighting the actual market reaction to each news event. The list of tags makes it easy to classify and navigate through different types of news, whether you're interested in earnings reports, stock offerings, stock splits, clinical trials, fda approvals, dividends or buybacks.

Designed with both novice traders and seasoned investors in mind, our page aims to simplify the complex world of stock market news. By combining real-time updates, Rhea-AI's analytical insights, and historical stock performance data, we provide a holistic view of Northwest Pipe Co's position in the market.

Rhea-AI Summary

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.

Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
2.09%
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Rhea-AI Summary
Northwest Pipe Company (NWPX) is set to release its financial results for the first quarter ended March 31, 2024, on May 1, 2024. The conference call to discuss the results will be held on May 2, 2024, at 7:00 a.m. PT. Investors and analysts can access the live broadcast on the Company's website, with a replay available for those unable to listen live.
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Rhea-AI Sentiment
End-of-Day
-1.53%
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Rhea-AI Summary
Northwest Pipe Company (NWPX) reports fourth quarter 2023 net sales of $110.2 million, a 3.1% increase year-over-year, while annual net sales decreased by 2.9%. The company achieved an annual gross profit of $77.6 million, a 9.6% decrease from the previous year. Despite challenges, the Company showcased resilience in its growth strategy. SPP net sales were strong, with a backlog of $319 million. Precast net sales declined slightly due to higher interest rates impacting demand. The company aims to improve margins and cash flow generation moving forward.
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1.93%
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Northwest Pipe Company (NWPX) to release financial results for Q4 and full year 2023 on March 4, 2024, with a conference call scheduled for March 5, 2024.
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End-of-Day
1.04%
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Rhea-AI Summary
Northwest Pipe Company (NWPX) appoints Jesus Tanguis as the new Vice President/General Manager of Geneva Pipe and Precast, with a focus on optimizing multicultural teams and organizational processes for sustainable business growth. Tanguis aims to increase performance and revenue in underperforming market segments and implement sales strategies to enhance product diversification and market share.
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Rhea-AI Sentiment
End-of-Day
2.3%
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management
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Rhea-AI Summary
Northwest Pipe Company (NWPX) has appointed Chris Pharr as the new Vice President / General Manager of ParkUSA, responsible for managing the three ParkUSA facilities in Texas. With over 24 years of experience, Pharr has a background in sales, technical services, and operational management. His promotion aligns with the company's growth strategy, aiming to expand ParkUSA products beyond Texas.
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0.72%
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Rhea-AI Summary
ParkUSA, a Northwest Pipe Company (Nasdaq: NWPX), has recently launched a new website (www.parkusa.com) designed to enhance the customer experience. The site features easy navigation, detailed product information, and additional resources for wastewater, stormwater quality, water distribution, precast utilities, and automatic controls.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
2.8%
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none
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Rhea-AI Summary
Northwest Pipe Company (NASDAQ: NWPX) reported a decrease in net sales and gross profit for the third quarter of 2023. Net sales decreased 3.5% year-over-year to $118.7 million, while gross profit decreased 23.2% year-over-year to $19.3 million. However, the company announced a share repurchase program for up to $30 million of its outstanding common stock.
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Rhea-AI Sentiment
End-of-Day
0.81%
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buyback earnings
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Rhea-AI Summary
Northwest Pipe Company to release financial results for Q3 2023 on November 2, 2023
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-1.39%
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Rhea-AI Summary
Northwest Pipe Company to participate in investor conferences
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0.1%
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Northwest Pipe Co

Nasdaq:NWPX

NWPX Rankings

NWPX Stock Data

324.64M
9.56M
3.16%
83.76%
0.71%
Iron and Steel Pipe and Tube Manufacturing from Purchased Steel
Manufacturing
Link
United States of America
VANCOUVER

About NWPX

northwest pipe company is a leading manufacturer of welded steel pipe and tubular products. the water transmission group is the largest manufacturer of engineered steel pipe water conveyance systems in north america. large diameter high pressure pipes are manufactured through double-submerged arc welding of both spirally wound and rolled cylinders, in diameters of 24-inch through 156-inch. steel casing pipes of up to 2-inch thickness and diameters of 30-inch through 150-inch for crossings and tunnels are manufactured with the proprietary permalok® joint. steel reliners are also manufactured for the structural rehabilitation of large diameter concrete pressure pipelines. with eight water transmission manufacturing facilities, the group is positioned to meet north america's growing needs for water and wastewater infrastructure. the water transmission group serves a wide range of markets and their solutions-based products are a perfect fit for applications including: water transmission, p