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 (NWPX) provides essential water infrastructure solutions through engineered steel pipe systems and precast concrete products. This news hub offers investors and industry professionals centralized access to official updates and market developments.
Track key business activities including quarterly earnings reports, strategic partnerships, product innovations, and operational milestones. Our curated collection features press releases detailing advancements in water transmission technology, manufacturing process improvements, and infrastructure project updates.
Stay informed about NWPX's contributions to North American water systems through updates on large-diameter pipeline projects, stormwater management solutions, and infrastructure rehabilitation initiatives. Content spans technical innovations like Permalok® joint systems and market expansion efforts across municipal and utility sectors.
Bookmark this page for streamlined monitoring of NWPX's progress in addressing critical water infrastructure needs. Regular updates ensure timely access to information relevant to engineering professionals and investors tracking the water systems sector.
Northwest Pipe Company (NWPX) reported strong Q2 2024 financial results, with net sales increasing 11.3% year-over-year to $129.5 million. The company achieved record net sales of $89.5 million in its Engineered Steel Pressure Pipe (SPP) segment and record gross profit of $25.8 million, up 14.8% from the previous year. Net income was $0.86 per diluted share, and the company generated $22.3 million in net cash from operating activities.
The SPP segment's backlog stood at $282 million, with confirmed orders bringing it to $348 million. The Precast Infrastructure and Engineered Systems segment's order book was $62 million. Despite weather-related challenges in Texas, the company expects a stronger third quarter with improving revenue and gross margins in the Precast segment.
Northwest Pipe Company (NASDAQ: NWPX), a leading manufacturer of water-related infrastructure products, has announced its plans to release second quarter 2024 financial results on July 31, 2024, after market close. The company will host a conference call to discuss these results on August 1, 2024, at 7:00 a.m. Pacific Time.
Key details:
- Financial results release: July 31, 2024, after market close
- Conference call: August 1, 2024, at 7:00 a.m. PT
- Hosts: Scott Montross (President and CEO) and Aaron Wilkins (CFO)
- Live broadcast: Investor Relations section of www.nwpipe.com
- Replay available until August 15, 2024
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.
FAQ
What is the current stock price of Northwest Pipe Co (NWPX)?
What is the market cap of Northwest Pipe Co (NWPX)?
