Irma Lockridge
On February 22, 2023, Irma Lockridge was unanimously elected to the Board of Directors of Northwest Pipe Company (the “Company”) for a term expiring at the Company’s next Annual Meeting of Shareholders.
Highest-materiality recent filing
NWPX Q2 2026: record net sales $159.5M (+19.7% YoY), EPS $1.62 vs $0.91
Net income $15.8M ($1.62 diluted EPS) vs $9.1M ($0.91) in Q2 2025, a 74.7% increase.
NWPX Infrastructure shareholders elect directors, approve executive pay and auditor
Scott Montross elected with 7,388,984 votes for and 168,702 withheld; John Paschal received 5,387,094 for and 2,170,592 withheld.
Presentation dated June 10, 2026 was furnished as Exhibit 99.1 at the annual meeting.
NWPX Q1 2026 net sales up 19% to $138.3M; EPS $1.08 vs $0.39
Net sales $138.3M (+19.1% YoY); gross profit $26.7M (+37.7%); net income $10.5M ($1.08 diluted EPS) vs $4.0M ($0.39).
NWPX: EVP retirement, new exec employment agreements, officer appointment, annual meeting set
EVP Miles Brittain retires Apr 3, 2026; becomes part-time consultant with $175K salary, retains unvested RSUs.
NWPX posts record Q4 sales $125.6M, full-year net income $35.4M; acquires Boughton precast
Record Q4 net sales $125.6M (+5% YoY); gross profit $26.8M (+19.2% YoY, margin 21.3%).
NWPX executive VP retiring April 3; Mike Wray named successor with new change-in-control deal
Miles Brittain, EVP, will retire on April 3, 2026; Mike Wray appointed EVP effective Jan 19, 2026.
NWPX Infrastructure authorizes $10M share repurchase program, plus 2026 STI details
Board authorized new $10M share repurchase program; shares may be bought via open market or 10b5-1 plans.
NWPX Q3 2025 record revenue $151.1M (+16% YoY), EPS $1.38 vs $1.02, operating cash $21M
Record consolidated net sales $151.1M (+16% YoY); gross profit $32.2M (+19% YoY); net income $13.5M ($1.38 diluted EPS) vs $10.3M ($1.02) in Q3 2024.
NWPX Infrastructure extends Wells Fargo credit facility maturity to 2030, reduces pricing
Fourth Amendment extends maturity of $125M revolver from June 2028 to August 2030; reduces pricing.
NWPX Infrastructure Q2 2025: record net sales $133.2M, EPS $0.91, backlog surges
Net sales $133.2M (+2.8% YoY), a company record under current segments; net income $9.1M ($0.91 diluted EPS).
Northwest Pipe Company renamed NWPX Infrastructure, Inc. effective June 12, 2025
Name change approved by 99.8% of votes (9,126,628 for, 7,578 against) at June 12 annual meeting.
Northwest Pipe presents at annual meeting; no specific financial details available
Company delivered a presentation at its June 12, 2025 Annual Meeting of Shareholders.
NWPX appoints Baker Tilly as auditor after Moss Adams merger
Moss Adams LLP merged with Baker Tilly US, LLP effective June 3, 2025; Baker Tilly appointed as successor auditor.
Northwest Pipe Q1 net income down to $0.39 EPS; plans name change to NWPX Infrastructure
Net sales $116.1M (+2.6% YoY); net income $4.0M ($0.39/diluted) vs $5.2M ($0.52) in Q1 2024.
Northwest Pipe grants PSUs and RSUs to executives; annual meeting set for June 12, 2025
CEO Scott Montross receives 22,637 PSUs and 7,546 RSUs; vesting over three years through 2028.
Northwest Pipe posts record annual sales $492.5M, net income $3.40 diluted EPS
Q4 net sales $119.6M (+8.6% YoY); net income $10.1M ($1.00 diluted) vs $5.4M ($0.54) YoY.
NWPX sets 2025 performance-based cash incentive plan for executives
CEO target bonus 100% of base salary; range 0-200%.
Northwest Pipe Q3 net sales up 9.7% to $130.2M; EPS $1.02 vs $0.58 YoY
Net sales $130.2M (+9.7% YoY); net income $10.3M ($1.02 diluted EPS) vs $5.8M ($0.58).
Northwest Pipe Q2 net sales $129.5M (+11.3% YoY); EPS $0.86; record SPP revenue $89.5M
Net sales $129.5M (+11.3% YoY); net income $8.6M or $0.86 diluted EPS vs $0.74 prior year.
NWPX shareholders elect three directors, approve executive pay and auditor at annual meeting
Amanda Julian elected with 5,718,179 for, 2,782,065 withheld (3-year term).
Northwest Pipe Company presents at annual shareholder meeting; no material new info disclosed.
Company presented to shareholders at annual meeting on June 13, 2024, but no financial or operational details provided in filing text.
Northwest Pipe Q1 net sales record $113.2M, EPS $0.52, SPP backlog $337M
Net sales $113.2M (+14.2% YoY); net income $5.2M ($0.52 diluted EPS) vs $2.4M ($0.23).
Northwest Pipe grants PSUs and RSUs to named executives; annual meeting set for June 13, 2024
CEO Scott Montross receives 23,262 PSUs and 7,754 RSUs; CFO Aaron Wilkins gets 8,651 PSUs and 2,884 RSUs.
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.
Northwest Pipe Co. approves 2024 STI plan and amends bylaws
2024 STI plan ties bonus to pre-tax income and safety; CEO target 100% of base (range 0-200%).
Northwest Pipe Q3 net sales $118.7M (-3.5% YoY); EPS $0.58 vs $0.99; authorizes $30M buyback
Net sales $118.7M, down 3.5% YoY; gross profit $19.3M, down 23.2% YoY.
NWPX Q2 2023 EPS $0.74, revenue $116.4M, gross profit down 6.6% YoY
Net income of $7.4M ($0.74 diluted EPS) vs $9.7M ($0.97) in Q2 2022.
Northwest Pipe extends $125M credit facility to June 2028, revises EBITDA covenant to $35M
Maturity extended from June 30, 2024 to June 29, 2028 via Third Amendment to Credit Agreement.
NWPX shareholders elect three directors, approve executive pay, ratify auditor
Irma Lockridge elected for 2-year term with 7,932,243 for, 175,709 withheld; Scott Montross and John Paschal elected for 3-year terms.
Northwest Pipe files 8-K for annual meeting presentation; no new material facts
Presentation dated June 22, 2023 furnished as Exhibit 99.1; exhibit content not transcribed.
Northwest Pipe Q1 net sales down 9.4% to $99.1M; EPS $0.23 vs $0.36 YoY
Net sales $99.1M (-9.4% YoY); gross profit $16.6M (+12.1%); net income $2.4M ($0.23 diluted EPS) vs $3.6M ($0.36) Q1 2022.
Northwest Pipe sets 2023 annual meeting for June 22; record date April 13
Annual Meeting scheduled for June 22, 2023.
Northwest Pipe assigns Irma Lockridge to Compensation and Nominating Committees
Irma Lockridge appointed to the Compensation Committee effective April 8, 2023.
Northwest Pipe grants 25,814 PSUs and 8,605 RSUs to CEO; other executives also receive awards
CEO Scott Montross receives 25,814 PSUs and 8,605 RSUs; 75% in PSUs tied to EBITDA margin, 25% time-based RSUs.
Northwest Pipe reports record annual revenue $457.7M (+37%), diluted EPS $3.11
Annual net sales $457.7M (+37% YoY); gross profit $85.9M (+94%); net income $3.11/diluted share (adjusted $3.35).
Northwest Pipe elects Irma Lockridge to board of directors
Irma Lockridge elected to board effective Feb 22, 2023; term expires at next annual meeting.
Northwest Pipe approves 2023 STI bonus plan; updates bylaws for universal proxy rules
CEO 2023 target bonus 100% of base salary, max 200%; CFO and EVP target 60%, max 120%; other NEOs target 50%, max 100%.
Northwest Pipe Q3 net sales up 45.3% YoY to $123.0M; EPS $0.99
Net sales $123.0M, gross profit $25.1M (20.4% margin), both up significantly YoY.
Northwest Pipe enters ATM equity offering of up to $50M via Jefferies
Entered Open Market Sale Agreement with Jefferies LLC to sell up to $50M of common stock.
Northwest Pipe Q2 net sales up 60.6%, EPS $0.97; warns Q3 flooding impact
Q2 net sales $118.5M (+60.6% YoY); gross profit $24.1M (+152.5%); net income $0.97/diluted share.
Northwest Pipe board rejects director Franson's resignation after withheld votes
Michael Franson, Lead Director and Compensation Committee Chair, received more 'withheld' than 'for' votes in director election.
Shareholders approved 2022 Stock Incentive Plan reserving 1,000,000 shares; 6,869,913 votes for, 1,117,468 against.
Northwest Pipe Company presents at annual meeting; exhibit is image with no extractable details
Presentation furnished as Exhibit 99.1 is an image; no text content available for analysis.
Northwest Pipe Q1 beat: net sales $109.3M (+51%), adj EPS $0.42, SPP backlog record $341M
Net sales $109.3M, up 51.2% YoY; gross profit $14.8M, up 68.5%.
Northwest Pipe EVP Smith to retire; separation agreement with consulting role and RSU changes
William Smith resigns as EVP April 15, 2022, then serves as Consultant for 3 years at $150,000 annual salary.
Northwest Pipe reports Q4 adj. EPS $0.67; full-year adj. EPS $1.66; record backlog $290M
Annual net sales $333.3M (+16.6% YoY); net income $1.16 diluted EPS; adj. net income $1.66 diluted EPS.
Northwest Pipe receives Nasdaq non-compliance notice for audit committee composition
Nasdaq notified NWPX that its Audit Committee lacks three independent directors due to William Yearsley's resignation.
Director William Yearsley resigns from Northwest Pipe Board effective Feb 11, 2022
William Yearsley resigned as a Board member on February 9, 2022, effective February 11, 2022.
Northwest Pipe closes $87.4M ParkUSA acquisition; ParkUSA 2020 revenue $66.5M, net income $9.7M
Purchase price ~$87.4M net of cash; closed Oct 5, 2021.
On February 22, 2023, Irma Lockridge was unanimously elected to the Board of Directors of Northwest Pipe Company (the “Company”) for a term expiring at the Company’s next Annual Meeting of Shareholders.
Mr. Smith will continue to be employed by the Company as a Consultant effective April 16, 2022, the day after his resignation as Executive Vice President of Water Transmission Engineered Systems.
On February 9, 2022, William Yearsley gave Northwest Pipe Company notice of his resignation as a member of the Board of Directors, effective February 11, 2022.
Max materiality 0.85 · Median 0.53 · Most common event earnings