Northwest Pipe Co Stock Price, News & Analysis

Northwest Pipe Company (NASDAQ: NWPX) reported a 3.2% increase in net sales for Q3 2020, totaling $77.6 million, driven by contributions from its acquired Geneva operations. However, legacy revenue decreased due to a 37% drop in production volume. Gross profit rose slightly to $15.6 million, maintaining a margin of 20.1%. Net income fell to $7.3 million ($0.73 per diluted share), down from $10.7 million in Q3 2019. Backlog decreased to $231 million, reflecting impacts from project delays.

Northwest Pipe Company (NASDAQ: NWPX) announced its upcoming release of third-quarter financial results for the period ended September 30, 2020, scheduled for November 4, 2020. The announcement includes a conference call on November 5, 2020, at 7:00 a.m. PT, hosted by CEO Scott Montross and CFO Aaron Wilkins. The call will be accessible online and available for replay afterward. Established in 1966, Northwest Pipe Company specializes in engineered steel water pipeline systems and caters to various markets related to water infrastructure.

Northwest Pipe Company (Nasdaq: NWPX) has been selected by Garney Construction to supply a steel water pipe engineered system for the Yadkin Regional Water Supply Project in North Carolina. The project aims to meet the increasing demand for safe water by constructing a 28-mile raw water pipeline from Lake Tillery to a new treatment plant in Union County. The Company will produce over 9,285 tons of engineered steel pipe, with work scheduled to begin late this year. This initiative is expected to enhance water delivery systems and contribute to the economic vitality of the Yadkin River Basin.

Northwest Pipe Company (Nasdaq: NWPX) has been selected to supply steel water pipe for the Smith Rock-King Way Infrastructure Modernization project in Central Oregon. This initiative aims to convert 7.9 miles of irrigation canals into an underground system, expected to save approximately 9,392 acre-feet of water annually. The project will utilize about 15,176 feet of steel pipe and over 3,215 tons of material. Construction is set to begin on October 1, 2020, and will enhance water conservation and public safety while benefitting agricultural and aquatic ecosystems.

Northwest Pipe Company (NASDAQ: NWPX) will participate in the D.A. Davidson 19th Annual Diversified Industrials and Services Virtual Conference on September 22-23, 2020. CEO Scott Montross and CFO Aaron Wilkins will present on September 22 at 11:45 a.m. ET and engage in investor meetings on September 23. The presentation will be webcast live and available for replay on the Company’s Investor Relations website for 90 days.

Northwest Pipe Company (NASDAQ: NWPX) reported second quarter 2020 net sales of $70.0 million, a 1.1% increase from $69.2 million in Q2 2019, driven by contributions from the Geneva Pipe acquisition. However, legacy revenue declined due to a 31% drop in production at the SLRC facility. Gross profit surged 57.7% to $13.0 million, aided by improved pricing. Net income rose to $6.0 million ($0.61 per share), up from $3.0 million ($0.31 per share) in the prior year. Backlog decreased to $159 million, reflecting ongoing project challenges amid COVID-19 restrictions.

Northwest Pipe Company (NASDAQ: NWPX), a leading manufacturer of engineered pipeline systems, announced participation in the Jefferies Virtual Industrials Conference on August 6, 2020. Scott Montross, President and CEO, and Aaron Wilkins, CFO, will present at 3:00 p.m. ET and engage in investor meetings throughout the day. The presentation will be webcast live on the company’s website and available for replay for 90 days.

Founded in 1966, the company specializes in high-quality water pipeline systems and is strategically positioned to address the growing water infrastructure needs in North America.

Northwest Pipe Company (NASDAQ: NWPX), a leader in engineered pipeline systems for water infrastructure, will release its Q2 2020 financial results on August 4, 2020. The results will be discussed in a conference call led by CEO Scott Montross and CFO Aaron Wilkins on August 5, 2020, at 7:00 a.m. Pacific Time. Investors can access the call via the company's website. Northwest Pipe, based in Vancouver, Washington, specializes in high-quality engineered steel water pipeline systems, strategically positioned to meet increasing infrastructure needs.

Northwest Pipe Company (Nasdaq: NWPX) announced the election of Amanda Kulesa to its Board of Directors on July 7, 2020. Ms. Kulesa is a senior partner at Somerville Partners, specializing in management and organizational psychology, with 19 years of experience advising Global 500 companies. She holds a PH.D. in Industrial Psychology. Her appointment is expected to enhance leadership effectiveness and contribute to the company’s growth strategy. The firm, founded in 1966, is a leading manufacturer of engineered steel water pipeline systems in North America.