secwatch.observer — SEC 8-K summary
======================================

Issuer:     NWPX Infrastructure, Inc. (NWPX)
CIK:        0001001385
Form:       8-K
Filed at:   2024-03-04T23:59:59+00:00
Accession:  0001437749-24-006438
Event type: earnings
Sentiment:  negative
Materiality: 0.65
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

- 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.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1001385/000143774924006438/0001437749-24-006438-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1001385/000143774924006438/nwpx20231221_8k.htm
  HTML page:      https://secwatch.observer/filing/0001437749-24-006438

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