Northwest Pipe (NWPX) Misses Q1 EPS by 35c

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Northwest Pipe Company Announces First Quarter 2023 Financial Results

May 3, 2023 4:15 PM EDT

Net sales of $99.1 million decreased 9.4% year-over-year; Precast Infrastructure and Engineered Systems segment ("Precast") net sales increased 2.7% year-over-yearGross profit of $16.6 million increased 12.1% year-over-yearNet income of $0.23 per diluted shareBacklog1 of $297 million; backlog including confirmed orders2 of $370 million for the Engineered Steel Pressure Pipe segment ("SPP") Precast order book3 of $58 million

VANCOUVER, Wash.,... More