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Stock impact report

Northwest Pipe Company Reports Strong Profitability and Backlog and Announces Fourth Quarter Conference Call

Northwest Pipe Company (NWPX) 
Last northwest pipe company earnings: 3/2 04:15 pm Check Earnings Report
US:NASDAQ Investor Relations: nwpipe.com/investor-relations
Company Research Source: GlobeNewswire
Fourth Quarter Highlights The Company achieved its highest quarterly gross profit since 2013, with significant increases from the fourth quarter of 2018: -- Net sales of $72.2 million, an increase of 25.5% -- Gross profit of $16.9 million, an increase of 149.4% -- Gross profit margin of 23.4%, compared to 11.8% -- Operating income of $12.3 million, an increase of 354.5%Net income per diluted share of $1.22 compared to $0.02 in the fourth quarter of 2018 and adjusted net income per diluted share of $1.23 compared to $0.27 in the fourth quarter of 2018. See the Company’s Reconciliation of Non-GAAP Financial Measures belowBacklog including confirmed orders of $258 million, a new year-end record for the CompanyCash increased $19.3 million in the fourth quarterThe acquisition of Geneva Pipe Company, Inc. (“Geneva Pipe and Precast” or “Geneva”) was completed on January 31, 2020 for $49.4 million Full-year Highlights The Company achieved its highest annual gross profit since 2008, with si Show less Read more
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