Northwest Pipe Q3 net sales up 45.3% YoY to $123.0M; EPS $0.99

NWPX Infrastructure, Inc.

2022-Q3 EPS reported $2.32 revenue$350,837,000

Net sales $123.0M, gross profit $25.1M (20.4% margin), both up significantly YoY.
Net income $10.0M ($0.99 diluted EPS); adjusted EPS $1.05 vs $0.54 a year ago.
SPP segment backlog including confirmed orders hit record $347M; Precast order book $74M.
Precast revenue $39.3M with 28% gross margin; SPP revenue $83.7M with 17% gross margin.
Q4 SPP revenue expected modestly lower with gross margins similar to Q3 2022.

item 2.02 item 9.01

Key facts

Extracted from this filing and checked against the source text.

Earnings Releases SEC 8-K Item 2.02 confidence 0.95

NWPX Infrastructure, Inc. reported third quarter ended September 30, 2022 results: revenue $123.0 million, net income $10.0 million, or $0.99 per diluted share, EPS $0.99 per diluted share.

Period: third quarter ended September 30, 2022
Revenue: $123.0 million
Net income: $10.0 million, or $0.99 per diluted share
EPS: $0.99 per diluted share
Result: reported results

Exact text from the filing

Northwest Pipe Company Announces Third Quarter 2022 Financial Results • Net sales of $123.0 million increased 45.3% year-over-year • Gross profit of $25.1 million increased 103.2% year-over-year • Net income of $0.99 per diluted share; adjusted net income of $1.05 per diluted share

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Source: SEC EDGAR

accession 0001437749-22-026363

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