Northwest Pipe Earnings Reports

Northwest Pipe Company experienced a mix of external challenges in Q1 2025, including weather disruptions and new trade policies. Despite these headwinds, both business segments delivered respectable results, with net sales increasing by 2.6% year-over-year to $116.1 million, while net income decreased to $3.964 million, or $0.39 per diluted share.

Northwest Pipe Company delivered a robust fourth quarter in 2024, with total net sales increasing by 8.6% year-over-year to $119.6 million. This growth was primarily fueled by a strong performance in the Engineered Steel Pressure Pipe (SPP) segment, which saw a 9.9% increase in net sales and a significant rise in gross profit. The company also achieved a record annual gross profit and net income per diluted share for the full year 2024.

Northwest Pipe Company announced its Q3 2024 financial results, with SPP revenues remaining near record levels and improved gross margins. The Precast business achieved record third quarter revenue and improved gross margins.

Northwest Pipe Company reported strong second quarter results with record quarterly revenue of $89.5 million in the Steel Pressure Pipe business and strong free cash flow generation of $16.2 million. The SPP segment benefitted from a strong pipeline of bidding opportunities. The company expects the SPP business to remain strong for the rest of 2024.

Northwest Pipe Company reported its Q1 2024 financial results, noting weak non-residential Precast business shipments and improved margins in the SPP business. The company's backlog, including confirmed orders, grew to $337 million.

Northwest Pipe Company reported a 3.1% increase in net sales to $110.2 million for the fourth quarter of 2023, compared to $106.8 million in the fourth quarter of 2022. Net income was $5.4 million, or $0.54 per diluted share, compared to $8.0 million, or $0.79 per diluted share, in the fourth quarter of 2022.

Northwest Pipe Company reported strong SPP revenue despite one-time anomalies, while Precast revenue declined modestly due to elevated interest rates. The company authorized a $30 million share repurchase program.

Northwest Pipe Company reported its Q2 2023 financial results, with the SPP business showing a rebound and the Precast business maintaining a good performance. The SPP backlog including confirmed orders declined to $343 million.

Northwest Pipe Company faced a challenging first quarter due to weather and customer-driven delays, but the Engineered Steel Pressure Pipe segment backlog remained strong. The Precast segment also showed resilience with a solid order book.

Northwest Pipe Company reported a 4.2% increase in net sales to $106.8 million, a 61.1% increase in gross profit to $21.9 million, and a net income of $8.0 million, or $0.79 per diluted share, for the fourth quarter of 2022. The Engineered Steel Pressure Pipe segment saw a slight increase in net sales, while the Precast Infrastructure and Engineered Systems segment experienced a significant increase in net sales and gross profit.

Northwest Pipe Company reported a strong third quarter with net sales increasing by 45.3% to $123.0 million and gross profit increasing by 103.2% to $25.1 million compared to the same period last year. Net income was $10.0 million, or $0.99 per diluted share, while adjusted net income was $10.5 million, or $1.05 per diluted share.

Northwest Pipe Company reported a strong second quarter with significant year-over-year increases in net sales, gross profit, and net income. The company benefited from the acquisition of ParkUSA and strong performance in both its Engineered Steel Pressure Pipe (SPP) and Precast Infrastructure and Engineered Systems segments.

Northwest Pipe Company announced a 51.2% increase in net sales to $109.3 million and a 68.5% increase in gross profit to $14.8 million for the first quarter of 2022. Net income was $3.6 million, or $0.36 per diluted share, while adjusted net income was $4.2 million, or $0.42 per diluted share.

Northwest Pipe Company reported a 47.8% increase in net sales to $102.5 million for the fourth quarter of 2021, including $18.0 million from the acquisition of ParkUSA. Net income was $2.3 million, or $0.23 per diluted share, compared to $5.2 million, or $0.53 per diluted share, in the fourth quarter of 2020. The company ended the year with a record backlog including confirmed orders of $290 million.

Northwest Pipe Company reported a 9.0% increase in net sales to $84.6 million for the third quarter of 2021, driven by higher pricing and shipments of precast concrete products and increased selling prices in steel pipe facilities. However, gross profit decreased by 20.8% to $12.4 million due to changes in product mix and project pricing pressure. Net income was $4.9 million, or $0.50 per diluted share, compared to $7.3 million, or $0.73 per diluted share, in the third quarter of 2020.

Northwest Pipe Company reported a 5.5% increase in net sales to $73.8 million, driven by higher shipments from Geneva Pipe and Precast. However, gross profit decreased by 26.4% to $9.5 million, and net income decreased to $2.1 million, or $0.21 per diluted share, compared to $6.0 million, or $0.61 per diluted share, in the second quarter of 2020.

Northwest Pipe Company reported a 4.9% increase in net sales to $72.3 million and a net income of $2.2 million, or $0.22 per diluted share, for the first quarter ended March 31, 2021. The company's backlog remained strong at $178 million, with $210 million including confirmed orders.

Northwest Pipe Company announced its Q4 2020 financial results, with net sales decreasing by 4.0% to $69.4 million and gross profit decreasing by 26.9% to $12.4 million. Net income was $5.2 million, or $0.53 per diluted share. The results reflect lower production volume at legacy steel pipe facilities, partially offset by the margin contribution from Geneva.

Northwest Pipe Company announced its Q3 2020 financial results with net sales increasing by 3.2% to $77.6 million. The company reported a gross profit of $15.6 million and a gross profit margin of 20.1%. Net income was $7.3 million, or $0.73 per diluted share, and adjusted net income was $7.7 million, or $0.78 per diluted share.

Northwest Pipe Company announced its financial results for the second quarter ended June 30, 2020. Net sales increased 1.1% to $70.0 million. Gross profit increased 57.7% to $13.0 million. Net income was $6.0 million, or $0.61 per diluted share.

Northwest Pipe Company announced first quarter 2020 financial results with net sales increasing by 10.0% to $68.9 million compared to the first quarter of 2019. Gross profit increased by 45.8% to $9.6 million. Net income was $0.6 million, or $0.06 per diluted share, while adjusted net income was $3.2 million, or $0.33 per diluted share.

Northwest Pipe Company reported strong profitability and backlog for the fourth quarter of 2019. Net sales increased by 25.5% to $72.2 million, and gross profit increased by 149.4% to $16.9 million. The company's backlog, including confirmed orders, reached a new year-end record of $258 million.