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Northwest Pipe (NWPX)
:NWPX
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Earnings Data
Report Date
Mar 12, 2025TBA Not Confirmed
Period Ending
2024 (Q4)Consensus EPS Forecast
0.91Last Year’s EPS
0.54Same Quarter Last Year
Moderate Buy
Based on 2 Analysts Ratings
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Earnings Call Summary
Earnings Call Date:Nov 07, 2018
|% Change Since: 11.04%
|Next Earnings Date:Aug 02, 2018
Earnings Call Sentiment|Positive
The earnings call reflected strong financial performance with record-breaking revenue and gross profit, driven by robust demand in both the steel pressure pipe and precast segments. However, challenges remain, particularly with the decline in backlog and interest rate impacts on nonresidential precast shipments. The overall outlook remains positive with expectations for continued strength in future quarters.Company Guidance
During the Northwest Pipe Company's Third Quarter 2024 Earnings Call, the company reported a robust performance with record achievements in key financial metrics. The consolidated net sales rose by 9.7% year-over-year to $130.2 million, marking the highest quarterly revenue ever recorded by the company. The steel pressure pipe segment contributed significantly with $85.9 million in revenue, a 6.7% increase from the previous year, while the precast segment reached a new quarterly record of $44.3 million, up 15.8% year-over-year. Gross profit also hit a record high, soaring by 40% to $27 million, resulting in a strong gross margin of 20.8%. Despite a decline in the steel pressure pipe backlog to $282 million, the company remains optimistic about future bidding opportunities and the overall health of the backlog. Looking ahead, the company anticipates maintaining strong revenue and margins in the fourth quarter, supported by ongoing strength in both the steel pressure pipe and precast segments.Record-Breaking Quarterly Revenue and Gross Profit
Consolidated net sales increased 9.7% year-over-year to $130.2 million, marking the highest quarterly revenue ever reported by the company. Gross profit rose 40% year-over-year to $27 million, also a quarterly record.
Strong Performance in Steel Pressure Pipe Segment
Revenue from the steel pressure pipe segment totaled $85.9 million, increasing 6.7% year-over-year, driven by high production levels and strong bidding environment.
Impressive Growth in Precast Segment
Precast revenue increased 15.8% year-over-year to a new quarterly record of $44.3 million, driven by strong demand in the residential sector.
Improved Gross Margins
Consolidated gross margin increased to 20.8% from 16.3% in the third quarter of 2023. Steel Pressure Pipe (SPP) gross margin rose to 19.4%, while Precast gross margin improved to 23.5%.
Strong Cash Flow and Financial Health
Net cash provided by operating activities was $22.7 million in Q3 2024, compared to $16.9 million in Q3 2023, supported by improved profitability.
Positive Outlook for Future Growth
Expectations for a strong fourth quarter, similar market conditions in 2025 as 2024, and anticipated benefits from the IIJA funding in the coming years.
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NWPX Earnings History
The table shows recent earnings report dates and whether the forecast was beat or missed. See the change in forecast and EPS from the previous year.
Beat
Missed
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NWPX Earnings-Related Price Changes
Report Date | Price 1 Day Before | Price 1 Day After | Percentage Change |
|---|---|---|---|
| Oct 30, 2024 | $44.83 | $44.89 | +0.13% |
| Jul 31, 2024 | $38.15 | $37.97 | -0.47% |
| May 01, 2024 | $31.63 | $32.29 | +2.09% |
| Mar 04, 2024 | $29.07 | $29.63 | +1.93% |
Earnings announcements can affect a stock’s price. This table shows the stock's price the day before and the day after recent earnings reports, including the percentage change.
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FAQ
When does Northwest Pipe (NWPX) report earnings?
Northwest Pipe (NWPX) is schdueled to report earning on Mar 12, 2025, TBA Not Confirmed.
What is Northwest Pipe (NWPX) earnings time?
Northwest Pipe (NWPX) earnings time is at Mar 12, 2025, TBA Not Confirmed.
Where can I see when companies are reporting earnings?
You can see which companies are reporting today on our designated earnings calendar.
What companies are reporting earnings today?
You can see a list of the companies which are reporting today on TipRanks earnings calendar.
What is NWPX EPS forecast?
NWPX EPS forecast for the fiscal quarter 2024 (Q4) is 0.91.
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