NWPX Q2 2023 EPS $0.74, revenue $116.4M, gross profit down 6.6% YoY

NWPX Infrastructure, Inc.

2023-Q2 EPS reported $0.97 revenue$215,469,000

Net income of $7.4M ($0.74 diluted EPS) vs $9.7M ($0.97) in Q2 2022.
SPP segment revenue $77.3M (+0.2% YoY); gross margin improved to 16.3% from 14.4%.
Precast segment revenue $39.1M (-5.6% YoY); gross margin fell to 25.3% from 31.3%.
SPP backlog $292M; backlog plus confirmed orders $343M, down from $370M at March 31.
Operating cash flow $1.2M vs $8.5M; $54M available under revolving credit facility.

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 0.9

NWPX Infrastructure, Inc. reported second quarter ended June 30, 2023 results: revenue $116.4 million, net income $0.74 per diluted share, EPS $0.74 per diluted share.

Period: second quarter ended June 30, 2023
Revenue: $116.4 million
Net income: $0.74 per diluted share
EPS: $0.74 per diluted share
Result: reported results

Exact text from the filing

Northwest Pipe Company Announces Second Quarter 2023 Financial Results • Net sales of $116.4 million decreased 1.8% year-over-year • Gross profit of $22.5 million decreased 6.6% year-over-year • Net income of $0.74 per diluted share

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Source: SEC EDGAR

accession 0001437749-23-021664

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