Northwest Pipe Q2 net sales $129.5M (+11.3% YoY); EPS $0.86; record SPP revenue $89.5M

NWPX Infrastructure, Inc.

2024-Q2 EPS reported $1.38 revenue$242,720,000

Net sales $129.5M (+11.3% YoY); net income $8.6M or $0.86 diluted EPS vs $0.74 prior year.
Record SPP segment net sales $89.5M (+15.9% YoY) and record consolidated gross profit $25.8M (+14.8%).
Generated net cash from operations $22.3M, free cash flow $16.2M, up significantly YoY.
SPP backlog $282M; backlog incl. confirmed orders $348M; Precast order book $62M.
Repurchased ~18k shares for $0.6M at avg $31.81; expects stronger Precast Q3.

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