Northwest Pipe Q2 net sales up 60.6%, EPS $0.97; warns Q3 flooding impact

NWPX Infrastructure, Inc.

2022-Q2 EPS reported $1.33 revenue$227,853,000

Q2 net sales $118.5M (+60.6% YoY); gross profit $24.1M (+152.5%); net income $0.97/diluted share.
Adjusted net income $1.04/diluted share vs $0.22 a year ago.
Precast segment record order book $75M; revenue $41.4M with 31.3% gross margin.
SPP backlog including confirmed orders $338M; Q3 revenue may dip slightly due to plant flooding at Adelanto, CA and St. Louis, MO.

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