Northwest Pipe Q4 net sales up 3.1% but net income falls to $5.4M; FY23 EPS $2.09 vs $3.11

NWPX Infrastructure, Inc.

Q4 net sales $110.2M (+3.1% YoY); net income $5.4M ($0.54 diluted) vs $8.0M ($0.79) in Q4 2022.
FY23 net sales $444.4M (-2.9% YoY); net income $21.1M ($2.09 per share) vs $31.1M ($3.11) in FY22.
SPP backlog $273M; including confirmed orders $319M, down from $372M at Dec 2022. Precast order book $46M, down from $64M.
Operating cash flow $53.5M in FY23 vs $17.5M in FY22; repurchased $4.4M of stock through Feb 29, 2024.
Guides Q1 2024 SPP sales down QoQ but up YoY; Precast sales similar to Q1 2023 with compressed margins.

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 financial results for the fourth quarter and full year ended December 31, 2023.

Period: the fourth quarter and full year ended December 31, 2023
Result: reported results

Exact text from the filing

On March 4, 2024, Northwest Pipe Company (the “Company”) issued a press release announcing its financial results for the quarter and year ended December 31, 2023 and its current outlook.

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NWPX Infrastructure, Inc. filing history →

Source: SEC EDGAR

accession 0001437749-24-006438

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