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. (Nasdaq: NWPX) is a manufacturer of water-related infrastructure products, with operations organized into Water Transmission Systems and Precast Infrastructure and Engineered Systems. Under the Northwest Pipe Company, NWPX Geneva, and NWPX Park brands, the company reports on developments that affect engineered water transmission systems, precast concrete products, and water distribution and management equipment.
This news page aggregates company press releases and third-party coverage related to NWPX Infrastructure. Readers can find updates on quarterly financial results for the Water Transmission Systems and Precast segments, including discussions of net sales, gross profit, backlog, and order book as defined in the company’s disclosures. Earnings announcements often include management commentary on segment performance, project activity, and capital allocation decisions such as share repurchase programs.
In addition to financial news, NWPX Infrastructure issues releases on corporate milestones and branding, such as the transition from the Northwest Pipe Company name to NWPX Infrastructure, Inc. The news flow also covers product and technology developments, including the patent-pending Permalok Radial Bending Joint for curved microtunneling installations of steel casing pipe, UL 508A certification for NWPX Park control panel systems, and the publication of a third-party verified Environmental Product Declaration for cement-mortar-lined spiralwelded steel pipe.
Other news items highlight recognition and certifications, such as NWPX Geneva being named Manufacturer of the Year in Utah, and participation in investor conferences. Investors, engineers, and project owners can use this page to review how NWPX Infrastructure communicates its progress in water transmission systems, precast infrastructure, environmental reporting, and automation capabilities over time.
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.
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.