Northwest Pipe reports record annual revenue $457.7M (+37%), diluted EPS $3.11

NWPX Infrastructure, Inc.

Annual net sales $457.7M (+37% YoY); gross profit $85.9M (+94%); net income $3.11/diluted share (adjusted $3.35).
Record SPP backlog including confirmed orders $372M; Precast order book $64M.
Q4 net sales $106.8M (+4%); gross profit $21.9M (+61%); net income $0.79/diluted share (adjusted $0.85).
CEO expects Q1 2023 challenging due to customer delays and weather, with normalizing thereafter; Precast solid but residential uncertainty persists.

Key facts

Extracted from this filing and checked against the source text.

Earnings Releases SEC 8-K Item 2.02 confidence 1.0

NWPX Infrastructure, Inc. reported the fourth quarter and full year ended December 31, 2022 results: revenue Annual net sales of $457.7 million, net income Record annual net income of $3.11 per diluted share, EPS $3.11 per diluted share.

Period: the fourth quarter and full year ended December 31, 2022
Revenue: Annual net sales of $457.7 million
Net income: Record annual net income of $3.11 per diluted share
EPS: $3.11 per diluted share
Result: reported results

Exact text from the filing

Northwest Pipe Company Announces Fourth Quarter and Full Year 2022 Financial Results • Annual net sales of $457.7 million increased 37.3% year-over-year • Record annual gross profit of $85.9 million increased 94.0% year-over-year • Record annual net income of $3.11 per diluted share; adjusted net income of $3.35 per diluted share

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Source: SEC EDGAR

accession 0001437749-23-006699

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