Northwest Pipe Q3 net sales up 9.7% to $130.2M; EPS $1.02 vs $0.58 YoY

NWPX Infrastructure, Inc.

2024-Q3 EPS reported $2.40 revenue$372,921,000

Net sales $130.2M (+9.7% YoY); net income $10.3M ($1.02 diluted EPS) vs $5.8M ($0.58).
Record gross profit $27.0M (20.8% margin) up 40% YoY from $19.3M.
SPP segment sales $85.9M (+6.7%); backlog $231M; including confirmed orders $282M.
Precast segment record sales $44.3M (+15.8%); order book $57M.
Operating cash flow $22.7M; capex $6.0M; management expects strong Q4.

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