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Jun 30, 2020
Northwest Pipe Q2 2020 Earnings Report
Reported a gross profit increase of 57.7% year-over-year and net income of $0.61 per diluted share.
Key Takeaways
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.
Gross profit of $13.0 million increased 57.7% year-over-year
Net income of $0.61 per diluted share; adjusted net income of $0.45 per diluted share
Restarted production at the Company’s San Luis Río Colorado facility in June; all facilities are now operating through the COVID-19 pandemic
Settled insurance claims associated with the fire at the Company’s Saginaw facility in April 2019
Forward Guidance
Due to the complex nature of the impact of COVID-19 on the economy, it is difficult to make forward-looking projections on our revenue and margins though we firmly believe the structure of our business remains solid.
Historical Earnings Impact
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Avg. Return Before/After Earnings
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