Northwest Pipe reports Q4 adj. EPS $0.67; full-year adj. EPS $1.66; record backlog $290M

NWPX Infrastructure, Inc.

Annual net sales $333.3M (+16.6% YoY); net income $1.16 diluted EPS; adj. net income $1.66 diluted EPS.
Q4 net sales $102.5M (+47.8% YoY); net income $0.23 diluted EPS; adj. net income $0.67 diluted EPS.
Completed acquisition of ParkUSA for ~$88.4M cash in Oct. 2021; contributed $18M revenue in Q4.
Record backlog incl. confirmed orders of $290M for Engineered Steel Pressure Pipe; record order book $51M for Precast segment.
Precast business record revenue in 2021; management expects water transmission margin expansion from Q2 2022.

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