Northwest Pipe Q1 net sales record $113.2M, EPS $0.52, SPP backlog $337M

NWPX Infrastructure, Inc.

2024-Q1 EPS reported $0.52 revenue$113,215,000

Net sales $113.2M (+14.2% YoY); net income $5.2M ($0.52 diluted EPS) vs $2.4M ($0.23).
SPP segment sales $80M (+25.9%); gross profit $14.2M (+83%); backlog+confirmed orders $337M.
Precast segment sales $33.2M (-6.6%); gross profit $5.9M (-33%); order book $52M.
Repurchased 127k shares for $3.7M at avg $29.39 in Q1 2024.
Management expects strong Precast improvement in Q2 and remainder of 2024.

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 quarter ended March 31, 2024 results: revenue $113.2 million, net income $5.2 million, EPS $0.52 per diluted share.

Period: quarter ended March 31, 2024
Revenue: $113.2 million
Net income: $5.2 million
EPS: $0.52 per diluted share
Result: reported results

Exact text from the filing

Northwest Pipe Company Announces First Quarter 2024 Financial Results • Net sales of $113.2 million increased 14.2% year-over-year, a record for first quarter revenues • Gross profit of $20.1 million increased 21.5% year-over-year, the highest first quarter gross profit in 11 years • Net income of $ 0.52 per diluted share

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Source: SEC EDGAR

accession 0001437749-24-014177

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