secwatch.observer — SEC 8-K summary
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Issuer:     NWPX Infrastructure, Inc. (NWPX)
CIK:        0001001385
Form:       8-K
Filed at:   2023-05-03T23:59:59+00:00
Accession:  0001437749-23-012333
Event type: earnings
Sentiment:  negative
Materiality: 0.60
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Northwest Pipe Q1 net sales down 9.4% to $99.1M; EPS $0.23 vs $0.36 YoY
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- Net sales $99.1M (-9.4% YoY); gross profit $16.6M (+12.1%); net income $2.4M ($0.23 diluted EPS) vs $3.6M ($0.36) Q1 2022.
- SPP segment net sales $63.5M (-14.9%); gross margin 12.2% vs 9.6% due to $2.0M liability reserve reversal in prior year.
- Backlog including confirmed orders $370M (near record), up from $341M a year ago; Precast order book $58M (-12% YoY).
- Operating cash flow $26.3M (up from $1.6M); $61M revolver availability; capex $4.4M.
- Precast segment net sales +2.7% to $35.6M; gross margin 24.7% vs 21.9% on better pricing.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1001385/000143774923012333/0001437749-23-012333-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1001385/000143774923012333/nwpx20230405_8k.htm
  HTML page:      https://secwatch.observer/filing/0001437749-23-012333

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer