Northwest Pipe posts record annual sales $492.5M, net income $3.40 diluted EPS

NWPX Infrastructure, Inc.

2024-FY EPS reported $3.40 revenue$492,548,000

Q4 net sales $119.6M (+8.6% YoY); net income $10.1M ($1.00 diluted) vs $5.4M ($0.54) YoY.
Full-year net sales $492.5M (+10.8% YoY), record gross profit $95.4M (+22.9%).
SPP backlog incl. confirmed orders $310M; Precast order book $61M (vs $46M prior year).
Record safety: TRIR 1.25, DART 0.14.
Free cash flow $34.3M; $99M revolver capacity available.

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