Welcome to our dedicated page for NWPX Infrastructure news (Ticker: NWPX), a resource for investors and traders seeking the latest updates and insights on NWPX Infrastructure stock.
NWPX Infrastructure, Inc. reports recurring developments in water-related infrastructure manufacturing, with updates centered on its Water Transmission Systems and Precast Infrastructure and Engineered Systems segments. The Northwest Pipe Company brand produces engineered water transmission systems, steel casing pipe, bar-wrapped concrete cylinder pipe, and pipeline system joints and fittings for drinking water and related infrastructure applications.
Company news also covers NWPX Geneva, NWPX Park, and NWPX Precast products for stormwater, wastewater, sanitary sewer, water distribution, and environmental infrastructure markets. Recurring themes include quarterly and annual results, WTS backlog and Precast order book trends, product technology such as Permalok radial bending joint applications, completed precast acquisitions, manufacturing operations, share repurchases, and leadership or governance updates.
Northwest Pipe Company (NASDAQ: NWPX) announced it will release its second quarter 2021 financial results on August 4, 2021. A conference call with Scott Montross, President and CEO, and Aaron Wilkins, CFO, is scheduled for August 5, 2021, at 7:00 a.m. PT to discuss the results. The call will be available live on the company's Investor Relations page and can be accessed later through a recorded replay. The company is a leading manufacturer of engineered pipeline systems for water infrastructure.
Northwest Pipe Company (Nasdaq: NWPX) is set to be featured on the June 27 episode of "EARTH with John Holden" on Fox Business Network at 5:00 p.m. ET. The segment will highlight the advantages of engineered steel water pipe, showcasing the installation process at the Saginaw, Texas plant and the Lower Bois d'Arc pipeline project serving 80 communities. Interviews with key personnel from Northwest Pipe and clients emphasize the project's scale. CEO Scott Montross discusses the critical need for reliable water infrastructure as population centers grow.
Northwest Pipe Company (NASDAQ: NWPX) reported a 4.9% increase in net sales to $72.3 million in Q1 2021, driven by contributions from the Geneva Pipe acquisition. However, gross profit decreased by 8.4% to $8.8 million, primarily due to product mix at legacy facilities. Net income rose to $2.2 million ($0.22 per diluted share), compared to $0.6 million ($0.06) in Q1 2020. Backlog was approximately $178 million, reflecting strong demand despite challenges in the steel market. Management anticipates continued supply disruptions in the second quarter.
Northwest Pipe Company (NASDAQ: NWPX) will release its financial results for Q1 2021 on May 3, 2021. A conference call to discuss these results is scheduled for May 4, 2021, at 7:00 a.m. Pacific Time. Northwest Pipe is recognized as the largest manufacturer of engineered steel water pipeline systems in North America, specializing in various water infrastructure products. The company aims to address the growing needs of water and wastewater infrastructure, positioning itself strategically in the market.
Northwest Pipe Company (NASDAQ: NWPX) announced that its subsidiary, Permalok®, will feature in an episode of Manufacturing Marvels® on Fox Business Network on March 15, 2021. This segment will showcase the efficient manufacturing process and installation of Permalok steel casing pipe, which is widely used in trenchless construction. With over four million feet installed and 25 years of experience, the company emphasizes its role in minimizing environmental impact and facilitating quicker project timelines. Scott Montross, CEO, expressed enthusiasm for the segment's educational value to the public.
Northwest Pipe Company (NASDAQ: NWPX) reported a 4.0% decline in net sales for Q4 2020, totaling $69.4 million, attributed to lower steel pipe production. Despite a 17% increase in selling prices, gross profit fell 26.9% to $12.4 million. Net income dropped to $5.2 million from $12.0 million year-over-year. For 2020, net sales increased by 2.4% to $285.9 million, yet net income declined from $27.9 million in 2019 to $19.1 million. Backlog at year-end was $221 million, down from $258 million one year prior.
Northwest Pipe Company (NASDAQ: NWPX) announced the upcoming release of its financial results for the fourth quarter and full year ending December 31, 2020, scheduled for March 3, 2021. A conference call to discuss these results will be held on March 4, 2021, at 7:00 a.m. Pacific Time, available on their website. Established in 1966, Northwest Pipe is recognized as the largest manufacturer of engineered steel water pipeline systems in North America, providing solutions for various water infrastructure needs.
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.