Northwest Pipe (NWPX) Misses Q3 EPS by 9c. Miss on Revenues

Northwest Pipe (NASDAQ: NWPX) reported Q3 EPS of ($0.16), $0.09 worse than the analyst estimate of ($0.07). Revenue for the quarter came in at $38.8 million versus the consensus estimate of $40 million.

Quarterly Highlights:

• Backlog was $109 million as of September 30, 2017, an increase of 8% from June 30, 2017 and 65% from December 31, 2016
• Net sales for the quarter were $38.8 million, an increase of 35.2% from the previous quarter and a decrease of 5.5% from the third quarter of 2016
• Gross profit was $1.9 million, or 4.9% of net sales. This compares to a gross profit of $0.7 million, or 2.3% of net sales in the previous quarter and $2.9 million, or 7.2% of net sales in the third quarter of 2016.
• Net loss before income taxes was $1.6 million compared to losses of $2.8 million for the previous quarter and $1.4 million in the third quarter of 2016

For earnings history and earnings-related data on Northwest Pipe (NWPX) click here.

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