NWPX Infrastructure Inc Stock Price, News & Analysis

Northwest Pipe Company (NWPX) reported annual net sales of $333.3 million, a 16.6% year-over-year increase. The full-year net income was $11.5 million or $1.16 per diluted share, lower than the previous year. The record backlog reached $183 million, with confirmed orders of $290 million for Engineered Steel Pressure Pipe. The acquisition of ParkUSA on October 5, 2021, contributed $18 million in Q4 revenue. Gross profit was 12.4% lower year-over-year at $44.3 million. Management anticipates ongoing strong performance in its precast concrete segment.

Northwest Pipe Company (NWPX) has been awarded a contract to manufacture engineered steel water transmission pipe for the Navajo-Gallup Water Supply Project, in collaboration with S.J. Louis Construction, Inc. This project aims to provide a sustainable water supply for approximately 250,000 residents in New Mexico, delivering over 37,700 acre-feet of water annually from the San Juan River. NWPX will supply over 1,813 tons of pipeline, produced at its facility in Sonora, Mexico. This initiative enhances critical water infrastructure in the region.

Northwest Pipe Company (NASDAQ: NWPX) will announce its financial results for Q4 and the full year ending December 31, 2021, on March 15, 2022. A conference call with President Scott Montross and CFO Aaron Wilkins is scheduled for March 16, 2022, at 7:00 a.m. PT to discuss the results. The call will be accessible online and archived for those unable to attend. Founded in 1966, Northwest Pipe is a leading North American manufacturer of engineered pipeline systems serving water infrastructure needs.

Northwest Pipe Company (Nasdaq: NWPX) has announced the launch of the InfraShield® Seismic Resilient Joint System, designed for steel water transmission pipelines. This innovative system enhances joint integrity during seismic events and is built on C200 steel's proven performance. The patent-pending technology provides watertight integrity and offers a lower lifetime ownership cost compared to competing systems. InfraShield® requires no special training for installation, making it cost-effective and efficient. The company will showcase this solution at the American Society of Civil Engineering's Lifelines Conference in February.

Northwest Pipe Company (Nasdaq: NWPX) has secured a contract with Garney Construction for the manufacturing of engineered steel pipe for Phase 1B – Segment A of the Carrizo-Water Supply Project, expected to be operational by late 2023. The project, serving Texas communities including San Marcos and Buda, is designed to deliver 19 million gallons of water daily, benefiting over 225,000 residents. Northwest Pipe will produce approximately 89,000 feet of 48-inch-diameter pipeline using over 5,100 tons of steel from its Saginaw, Texas plant.

Northwest Pipe Company (NASDAQ: NWPX) is enhancing its investment in precast concrete operations in Utah, committing over $18 million in capital improvements at its Geneva Pipe and Precast Company plants. This follows its October 2021 acquisition of Park Environmental Equipment, LLC, which included three Texas facilities. The company has begun new manufacturing initiatives, including a batch plant in St. George and a new automated concrete pipe machine, aiming to meet increasing demand for reinforced concrete pipe. CEO Scott Montross noted that order levels are at an all-time high.

Northwest Pipe Company (NASDAQ: NWPX) reported third-quarter 2021 results with net sales rising 9% to $84.6 million, driven by higher pricing and increased shipments of precast concrete. However, gross profit fell 20.8% to $12.4 million due to pressure on project pricing and changes in product mix. Net income decreased to $4.9 million, or $0.50 per diluted share, compared to $7.3 million, or $0.73 per diluted share, in the previous year. The backlog as of September 30, 2021, was approximately $273 million, indicating strong demand, despite some project bidding delays due to COVID-19.

Northwest Pipe Company (NASDAQ: NWPX) will report its third-quarter financial results on November 8, 2021, for the period ending September 30, 2021. Company executives, including President Scott Montross and CFO Aaron Wilkins, will discuss the results during a conference call on November 9, 2021, at 7:00 a.m. PT. The call will be available via the Company's website, with a replay option lasting until November 23, 2021.

Northwest Pipe Company (Nasdaq: NWPX) has acquired Park Environmental Equipment, LLC (ParkUSA) for $87.4 million, a move aimed to enhance its water infrastructure product offerings. The acquisition is expected to be immediately accretive to earnings and aligns with Northwest Pipe's strategy to capitalize on ParkUSA's $66.5 million in revenue and $14 million in adjusted EBITDA for 2020. The deal, finalized on October 5, 2021, expands Northwest's market presence in Texas and reinforces its growth trajectory in the water infrastructure sector.