Northwest Pipe (NWPX) Reports Q2 Loss of $0.22

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Go back to Northwest Pipe (NWPX) Reports Q2 Loss of $0.22

Northwest Pipe Company Reports Improved Second Quarter Results, Significantly Higher Backlog and Announces Conference Call

August 2, 2017 4:16 PM EDT

Quarterly Highlights:

Water Transmission gross profit was $0.7 million, or 2.3% of segment net sales of $28.7 million. This compares to a segment gross loss of $1.3 million, or negative 3.2% of segment net sales of $39.8 million in the second quarter of 2016.Backlog was $101 million as of June 30, 2017, an increase of 31% from March 31, 2017 and 53% from December 31, 2016Net loss per diluted share was $0.22, compared to a net loss per diluted share of $0.65 in the second quarter of 2016              

VANCOUVER, Wash., Aug. 02, 2017 (GLOBE NEWSWIRE) -- Northwest Pipe Company (Nasdaq: NWPX) today announced its financial... More