Northwest Pipe Q3 net sales $118.7M (-3.5% YoY); EPS $0.58 vs $0.99; authorizes $30M buyback

NWPX Infrastructure, Inc.

2023-Q3 EPS reported $1.55 revenue$334,191,000

Net sales $118.7M, down 3.5% YoY; gross profit $19.3M, down 23.2% YoY.
Net income $5.8M ($0.58 diluted EPS) vs $10.0M ($0.99) in Q3 2022.
SPP segment sales $80.5M (-3.8%); gross margin 13.6% vs 17.0% YoY.
Precast segment sales $38.2M (-2.8%); gross margin 21.9% vs 27.8% YoY.
Board authorized up to $30M share repurchase program; no commitment on timing or quantity.

item 2.02 item 8.01 item 9.01

Key facts

Extracted from this filing and checked against the source text.

Earnings Releases SEC 8-K Item 2.02 confidence 0.98

NWPX Infrastructure, Inc. reported the third quarter ended September 30, 2023 results: revenue $118.7 million, net income $5.8 million, or $0.58 per diluted share, EPS $0.58 per diluted share.

Period: the third quarter ended September 30, 2023
Revenue: $118.7 million
Net income: $5.8 million, or $0.58 per diluted share
EPS: $0.58 per diluted share
Result: reported results

Exact text from the filing

2 ex_553901.htm EXHIBIT 99.1 ex_553901.htm Exhibit 99.1 Northwest Pipe Company Announces Third Quarter 2023 Financial Results and Share Repurchase Authorization • Net sales of $118.7 million decreased 3.5% year-over-year • Gross profit of $19.3 million decreased 23.2% year-over-year • Net income of $0.58 per diluted share • Backlog 1 of $253 million; backlog

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Source: SEC EDGAR

accession 0001437749-23-030015

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