Northwest Pipe

Northwest Pipe Co. operates as a manufacturer of engineered steel pipe water systems in North America. It operates through the following segments: Engineered Steel Pressure Pipe and Precast Infrastructure and Engineered Systems. The Engineered Steel Pressure Pipe segment manufactures large-diameter, high-pressure steel pipeline systems for use in water infrastructure applications, which are primarily related to drinking water systems, hydroelectric power systems, wastewater systems, industrial plant piping systems, certain structural applications and other applications. Precast Infrastructure and Engineered Systems segment manufactures high-quality precast and reinforced concrete products, including manholes, box culverts, vaults, catch basins, oil water separators, pump lift stations, biofiltration, and other environmental and engineered solutions. The company was founded in 1966 and is headquartered in Vancouver, WA.

Earnings data Q1 2021

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Earnings data Q3 2023

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Earnings data Q1 2024

Earnings data Q2 2024

Earnings data Q3 2024

Earnings data Q4 2024

Northwest Pipe (NWPX) reports stellar 2022 performance amidst Q1 challenges

Northwest Pipe (NWPX) delivered impressive financial results in 2022, driven by revenue growth, margin improvements, and a record backlog. While facing challenges in Q1 2023, the company remains optimistic about the year ahead, leveraging opportunities for expansion and operational enhancements.

Northwest Pipe reports Q1 revenue decline but strong backlog

Northwest Pipe's Q1 2023 performance reflects revenue decline but with strong backlog levels and improved gross margins.
Strengths in the precast segment and growth initiatives offer positive outlooks for future performance.
Challenges in the steel pressure pipe segment highlight the impact of delays and weather events on operations.
Opportunities lie in leveraging the backlog, expanding in the precast space, and enhancing efficiency in operations.

Northwest Pipe reports resilient Q2 results amidst margin challenges

Northwest Pipe Company's Q2 2023 performance reflects a mixed picture with revenue growth, margin challenges, and ongoing operational improvements. Despite facing lower bidding activity and decreased precast revenue, the company maintains a positive outlook for the second half of 2023.
With a focus on SPP efficiency, precast business diversification, and addressing material weaknesses through ERP implementation, Northwest Pipe Company aims to strengthen its market position and financial performance. Leveraging opportunities in its strong backlog and stable demand, the company navigates challenges to drive growth and profitability.
Investors should monitor how Northwest Pipe Company manages margin pressures, bidding activity, and steel price fluctuations while capitalizing on growth opportunities. The company's strategic initiatives and financial stability position it for long-term success in the industry.

Northwest Pipe reports Q3 revenue growth amidst strategic challenges

Northwest Pipe's Q3 performance showed revenue growth but faced challenges in segment revenues and profitability.
The company is strategically focusing on organic growth, ERP implementation, and shareholder value enhancement.
Opportunities lie in anticipated bidding activity pickup, stronger years ahead, and free cash flow generation.
Despite caution in acquisitions and debt management, optimism remains for future growth and market expansion.

Northwest Pipe reports solid 2023 performance and optimistic outlook

Northwest Pipe Company's 2023 performance reflects solid sales, margin pressures, strong cash flows, and a positive outlook for 2024 despite challenges in the steel pressure pipe and precast segments.
The company's strengths include a focus on safety, improved financial controls, cash flow generation, and aligning incentives with cash flow goals to drive shareholder value.
Challenges include margin pressures, integration complexities in M&A, and balancing cost reductions with strategic growth amidst market uncertainties.
Opportunities exist in the positive outlook for 2024, M&A strategy in the precast space, increasing cash flow for valuation growth, and building acquisition capabilities efficiently.

Northwest Pipe reports strong Q1 results, eyes margin expansion

Northwest Pipe's Q1 performance reflects revenue growth, operational efficiency, and strategic capital allocation priorities.
The company's strengths lie in the robust SPP segment, stable steel prices, and a focus on safety and margin optimization.
Challenges include precast revenue decline, macroeconomic pressures, and operational constraints like labor flexibility and port capacity.
Opportunities for Northwest Pipe include margin expansion, improved free cash flow, M&A prospects, and strategic growth initiatives.

Northwest Pipe reports strong Q2 earnings, eyes growth opportunities

Northwest Pipe Company's Q2 2024 earnings call reflects a robust performance with revenue growth, increased gross profit, and strategic capital allocation priorities.
While facing challenges from severe weather events, the company remains focused on operational efficiency, safety, and maximizing shareholder value through share repurchases.
With a positive outlook for Q3 2024 and emphasis on strategic growth opportunities, Northwest Pipe Company is poised for continued success in its core businesses.

Northwest Pipe (NWPX) achieves record Q3 performance amidst challenges

Northwest Pipe's Q3 2024 earnings call highlighted a strong performance with record sales and gross profit. While facing challenges in backlog and steel price fluctuations, the company's strategic focus on safety, margins, and growth opportunities positions it well for continued success.

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Northwest Pipe Company (NASDAQ:NWPX ) Q3 2022 Earnings Conference Call November 9, 2022 10:00 AM ET Company Participants Scott Montross - President and CEO Aaron Wilkins - CFO Conference Call Participants Brent Thielman - D.A. Davidson David Wright - Henry Investment Trust Operator Greetings.

Northwest Pipe Company (NWPX) Q3 2022 Earnings Call Transcript

Net sales of $123.0 million increased 45.3% year-over-year Gross profit of $25.1 million increased 103.2% year-over-year Net income of $0.99 per diluted share; adjusted net income of $1.05 per diluted share Backlog 1 of $295 million; backlog including confirmed orders 2  of $347 million for the Engineered Steel Pressure Pipe segment ("SPP"), a new quarterly record Order book 3  of $74 million for the Precast Infrastructure and Engineered Systems segment ("Precast") VANCOUVER, Wash. , Nov. 8, 2022 /PRNewswire/ -- Northwest Pipe Company (NASDAQ: NWPX) (the "Company"), a leading manufacturer of water-related infrastructure including engineered pipeline systems and precast products, today announced its financial results for the third quarter ended September 30, 2022.

Northwest Pipe Company Announces Third Quarter 2022 Financial Results

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The Company has been selected to provide engineered steel pressure pipe for the water recycling program. VANCOUVER, Wash.

Northwest Pipe Company to Supply Additional Water Transmission Pipe for the City of San Diego's Pure Water Program

Financial results to be released after market close on November 8, 2022 Conference call to begin at 7:00 a.m. PT on November 9, 2022 VANCOUVER, Wash.

Northwest Pipe Company to Release Third Quarter 2022 Financial Results on November 8th

Northwest Pipe Company (NASDAQ:NWPX ) Q2 2022 Earnings Conference Call August 8, 2022 5:00 PM ET Company Participants Scott Montross - President & Chief Executive Officer Aaron Wilkins - Chief Financial Officer Conference Call Participants David Wright - Henry Investment Trust Jean Ramirez - D.A. Davidson Operator Thank you for standing by.

Northwest Pipe Company (NWPX) CEO Scott Montross on Q2 2022 Results - Earnings Call Transcript

Net sales of $118.5 million increased 60.6% year-over-year Gross profit of $24.1 million increased 152.5% year-over-year Net income of $0.97 per diluted share; adjusted net income of $1.04 per diluted share Record quarterly profits and revenues for both of the recently acquired Precast Infrastructure and Engineered Systems segment ("Precast") businesses Backlog 1 of $303 million; backlog including confirmed orders 2  of $338 million for the Engineered Steel Pressure Pipe segment ("SPP") Record order book 3  of $75 million for Precast VANCOUVER, Wash. , Aug. 8, 2022 /PRNewswire/ -- Northwest Pipe Company (NASDAQ: NWPX) (the "Company"), a leading manufacturer of water-related infrastructure including engineered pipeline systems and precast products, today announced its financial results for the second quarter ended June 30, 2022.

Northwest Pipe Company Announces Second Quarter 2022 Financial Results

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Financial results to be released after market close on August 8, 2022 Conference call to begin at 2:00 p.m. PT on August 8, 2022 VANCOUVER, Wash.

Northwest Pipe Company to Release Second Quarter 2022 Financial Results on August 8th

The Company will produce engineered steel pipe for the Central Utah Water Conservancy District project. VANCOUVER, Wash.

Northwest Pipe Company to Supply Water Transmission Pipeline for the Salem Reach 1 of the Spanish Fork Santaquin Pipeline Project

When a stock experiences a golden cross technical event, good things could be on the horizon. How should investors react?

Northwest Pipe Co. (NWPX) Just Flashed Golden Cross Signal: Do You Buy?

Northwest Pipe Company (NASDAQ:NWPX ) Q1 2022 Earnings Conference Call May 5, 2022 10:00 AM ET Company Participants Scott Montross - President & Chief Executive Officer Aaron Wilkins - Chief Financial Officer Conference Call Participants Brent Thielman - D.A. Davidson Auguste Richard - Northland Capital Markets David Wright - Henry Investment Trust Operator Greetings.

Northwest Pipe Company (NWPX) CEO Scott Montross on Q1 2022 Results - Earnings Call Transcript

Net sales of $109.3 million increased 51.2% year-over-year Gross profit of $14.8 million increased 68.5% year-over-year Backlog 1 of $200 million; backlog including confirmed orders 2  of $341 million for the Engineered Steel Pressure Pipe segment ("SPP"), a new quarterly record Record order book 3  of $66 million for the Precast Infrastructure and Engineered Systems segment ("Precast") Net income of $0.36 per diluted share; adjusted net income of $0.42 per diluted share VANCOUVER, Wash. , May 4, 2022 /PRNewswire/ -- Northwest Pipe Company (NASDAQ: NWPX) (the "Company"), a leading manufacturer of water-related infrastructure including engineered pipeline systems and precast products, today announced its financial results for the first quarter ended March 31, 2022.

Northwest Pipe Company Announces First Quarter 2022 Financial Results

Financial results to be released after market close on May 4, 2022 Conference call to begin at 7:00 a.m. PT on May 5, 2022 VANCOUVER, Wash.

Northwest Pipe Company to Release First Quarter 2022 Financial Results on May 4th

The Company will produce over eight miles of engineered steel water pipe for this water supply project in North Dakota. VANCOUVER, Wash.

Northwest Pipe Company Awarded Large Steel Pipe Contract on the Red River Valley Water Supply Project

Northwest Pipe Company (NWPX) CEO Scott Montross on Q4 2021 Results - Earnings Call Transcript

Annual net sales of $333.3 million increased 16.6% year-over-year Record full-year sales levels achieved at both recently acquired precast companies Backlog of $183 million; record backlog including confirmed orders of $290 million for the Engineered Steel Pressure Pipe segment Record order book of $51 million for the Precast Infrastructure and Engineered Systems segment Annual net income of $1.16 per diluted share; adjusted net income of $1.66 per diluted share Completed acquisition of Park Environmental Equipment, LLC ("ParkUSA") on October 5, 2021 for approximately $88.4 million VANCOUVER, Wash. , March 15, 2022 /PRNewswire/ -- Northwest Pipe Company (NASDAQ: NWPX) (the "Company"), an industry leader of engineered pipeline systems for water infrastructure and high-quality precast and reinforced concrete products, today announced its financial results for the fourth quarter and full year ended December 31, 2021.

Northwest Pipe Company Announces Fourth Quarter and Full Year 2021 Financial Results

VANCOUVER, Wash., March 14, 2022 /PRNewswire/ -- Northwest Pipe Company (Nasdaq: NWPX), a leading manufacturer of water-related infrastructure including engineered pipeline systems and precast products, has been selected by S.J.

Northwest Pipe Company Awarded Engineered Steel Pipe Contract for the Navajo-Gallup Water Supply Project

VANCOUVER, Wash., March 1, 2022 /PRNewswire/ -- Northwest Pipe Company (NASDAQ: NWPX), an industry leader of engineered pipeline systems for water infrastructure, announced today it intends to release its financial results for the fourth quarter and full year ended December 31, 2021 on Tuesday, March 15, 2022.

Northwest Pipe Company to Release Fourth Quarter and Full Year 2021 Financial Results on March 15th

Northwest Pipe Co. (NWPX) doesn't possess the right combination of the two key ingredients for a likely earnings beat in its upcoming report. Get prepared with the key expectations.

Earnings Preview: Northwest Pipe Co. (NWPX) Q4 Earnings Expected to Decline

VANCOUVER, Wash., Jan. 20, 2022 /PRNewswire/ -- Northwest Pipe Company (Nasdaq: NWPX), a leading manufacturer of water-related infrastructure including engineered pipeline systems and precast products is now manufacturing a seismic resilient joint system for steel water transmission pipelines that can be used in conjunction with other pipeline systems.

Northwest Pipe Company Introduces the InfraShield® Seismic Resilient Joint System

Northwest Pipe is strongly positioned to advance from new federal spending on water sector improvements.

A Pure Play On U.S. Water Infrastructure Spending: Northwest Pipe

VANCOUVER, Wash., Dec. 20, 2021 /PRNewswire/ -- Northwest Pipe Company (Nasdaq: NWPX), a leading manufacturer of water-related infrastructure and engineered pipeline systems, has been selected by Garney Construction and the Alliance Regional Water Authority to manufacture engineered steel pipe for Phase 1B – Segment A of the Carrizo-Water Supply Project.

Northwest Pipe Company to Supply Water Transmission Pipeline for Phase 1B of the Carrizo-Water Supply Project

VANCOUVER, Wash., Dec. 15, 2021 /PRNewswire/ -- Northwest Pipe Company (NASDAQ: NWPX), an industry leader of engineered pipeline systems for water infrastructure, is increasing the Company's investment in their precast concrete operations in Utah.

Northwest Pipe Company Investing in Utah's Precast Concrete Market

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