Core Insights - Northwest Pipe Company reported strong financial results for Q4 and full year 2024, with record revenues and gross profits across its segments [2][4][7] Financial Performance - Q4 2024 net sales increased by 8.6% to $119.6 million compared to $110.2 million in Q4 2023, with gross profit rising 16.3% to $22.4 million [5][10] - For the full year 2024, total net sales reached a record $492.5 million, up 10.8% from $444.4 million in 2023, with gross profit increasing by 22.9% to $95.4 million [4][11] - Net income for 2024 was $34.2 million, or $3.40 per diluted share, compared to $21.1 million, or $2.09 per diluted share in 2023 [5][10] Segment Performance - The Engineered Steel Pressure Pipe (SPP) segment achieved record annual net sales of $337.9 million, a 14.0% increase from $296.4 million in 2023, driven by a 33% increase in tons produced [10][11] - The Precast Infrastructure and Engineered Systems segment reported record revenue of $154.6 million, a 4.5% increase from $148.0 million in 2023, despite a 15% decrease in selling prices [10][11] Backlog and Orders - The SPP backlog stood at $213 million as of December 31, 2024, with confirmed orders bringing the total backlog to $310 million, indicating strong future demand [4][10] - Precast order book increased to $61 million, up from $46 million at the same time last year, reflecting positive momentum [2][10] Cash Flow and Capital Expenditures - The company generated $55.1 million in net cash from operating activities for the full year 2024, compared to $53.5 million in 2023 [11][21] - Capital expenditures for 2024 totaled $20.8 million, up from $18.3 million in 2023 [11][21] Safety Performance - The company achieved a record safety performance with a total recordable incident rate of 1.25 for the year, highlighting its commitment to employee well-being [2][4]

Core Insights - Northwest Pipe Company has received U.S. Patent No. 12215817 for its InfraShield® Joint System, a Geohazard Resistant Steel Pipe solution aimed at enhancing the resilience of steel pipelines in geologically vulnerable areas [1][3] - The InfraShield® system is designed to improve the performance of C200 steel pipe by providing a fully welded, easy-to-install solution that ensures leak-free reliability and significant cost savings [2][3] - The patented technology is engineered to withstand challenging geological conditions, including seismic activity and soil movement, reinforcing the company's leadership in advanced water transmission solutions [3] Company Overview - Founded in 1966, Northwest Pipe Company is a leading manufacturer of water-related infrastructure products and the largest manufacturer of engineered steel water pipeline systems in North America [4] - The company also produces stormwater and wastewater technology products, precast and reinforced concrete products, pump lift stations, and various pipeline system components [4] - Headquartered in Vancouver, Washington, Northwest Pipe Company operates 13 manufacturing facilities across North America, focusing on quality and innovation in its diverse product offerings [4]

Core Insights - Northwest Pipe Company plans to release its financial results for Q4 and the full year ended December 31, 2024, on February 26, 2025 [1] - A conference call to discuss these results will be held on February 27, 2025, at 7:00 a.m. Pacific Time [2] Company Overview - Northwest Pipe Company, founded in 1966, is a leading manufacturer of water-related infrastructure products and the largest manufacturer of engineered steel water pipeline systems in North America [3] - The company also produces stormwater and wastewater technology products, precast and reinforced concrete products, pump lift stations, and various pipeline system components [3] - Headquartered in Vancouver, Washington, Northwest Pipe Company operates 13 manufacturing facilities across North America [3]

Group 1 - Northwest Pipe Co. (NWPX) is a notable stock in the Industrial Products sector, which consists of 212 individual stocks and holds a Zacks Sector Rank of 14 [2] - NWPX currently has a Zacks Rank of 1 (Strong Buy), indicating strong potential for outperforming the market [3] - The Zacks Consensus Estimate for NWPX's full-year earnings has increased by 12.1% over the past three months, reflecting improved analyst sentiment [4] Group 2 - NWPX has achieved a year-to-date return of approximately 84.7%, significantly outperforming the average gain of 23.7% for Industrial Products stocks [4] - NWPX is part of the Metal Products - Procurement and Fabrication industry, which includes 11 companies and is currently ranked 153 in the Zacks Industry Rank [6] - Stocks in the Metal Products - Procurement and Fabrication industry have gained about 45.7% year-to-date, indicating that NWPX is performing better than its industry peers [6] Group 3 - Powell Industries (POWL), another stock in the Industrial Products sector, has a year-to-date return of 217.4% and a Zacks Rank of 2 (Buy) [5] - POWL's consensus EPS estimate has increased by 13% over the past three months, showcasing positive analyst sentiment [5] - POWL belongs to the Manufacturing - Electronics industry, which is currently ranked 163 and has moved up by 25.1% year-to-date [7]

Core Viewpoint - Northwest Pipe Co. (NWPX) has shown significant stock performance, with a 26.1% increase over the past month and an 82.5% rise since the beginning of the year, outperforming both the Zacks Industrial Products sector and the Zacks Metal Products - Procurement and Fabrication industry [1][2]. Financial Performance - The company has consistently exceeded earnings expectations, reporting an EPS of $1.02 against a consensus estimate of $0.85 in its latest earnings report on October 30, 2024, and beating revenue estimates by 2.68% [2]. - For the current fiscal year, Northwest Pipe Co. is projected to achieve earnings of $3.31 per share on revenues of $491.59 million, reflecting a 58.37% increase in EPS and a 10.63% increase in revenues [3]. - The next fiscal year forecasts earnings of $3.49 per share on revenues of $495.79 million, indicating a year-over-year change of 5.34% in EPS and 0.86% in revenues [3]. Valuation Metrics - The stock currently trades at 16.7 times the current fiscal year EPS estimates, which is above the peer industry average of 16.2 times [7]. - On a trailing cash flow basis, the stock trades at 15 times compared to the peer group's average of 8.8 times, and it has a PEG ratio of 3.33, suggesting it is not among the top value stocks [7]. Zacks Rank and Style Scores - Northwest Pipe Co. holds a Zacks Rank of 1 (Strong Buy), supported by favorable earnings estimate revisions from analysts [8]. - The company has a Value Score of C, a Growth Score of A, and a Momentum Score of C, resulting in a combined VGM Score of B, indicating potential for investors [6][9].

Core Viewpoint - Northwest Pipe Co. (NWPX) is experiencing solid improvement in earnings estimates, which is likely to positively impact its stock price momentum [1][2]. Estimate Revisions - Analysts have shown growing optimism regarding the earnings prospects of Northwest Pipe Co., leading to a rising trend in estimate revisions [2]. - The current-quarter earnings estimate is projected at $0.88 per share, reflecting a year-over-year increase of +62.96%. Over the last 30 days, two estimates have been revised upward, resulting in a 25.71% increase in the Zacks Consensus Estimate [4]. - For the full year, the earnings estimate stands at $3.17 per share, indicating a +51.67% change from the previous year. The consensus estimate has increased by 7.1% due to two upward revisions in the past month [5]. Zacks Rank - Northwest Pipe Co. has achieved a Zacks Rank 1 (Strong Buy) due to favorable estimate revisions, which historically correlate with stock performance. Stocks with Zacks Rank 1 and 2 significantly outperform the S&P 500 [6]. Stock Performance - The stock has gained 7.8% over the past four weeks, driven by solid estimate revisions and positive earnings growth prospects, suggesting it may be a good addition to investment portfolios [7].

Table of Contents UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 10-Q ☒ QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the quarterly period ended: September 30, 2024 or ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from _______to _______ Commission File Number: 0-27140 NORTHWEST PIPE COMPANY (Exact name of registrant as specified in its charter) Oregon 93-0557988 ...

Northwest Pipe Co. (NWPX) reported $130.2 million in revenue for the quarter ended September 2024, representing a year-over-year increase of 9.7%. EPS of $1.02 for the same period compares to $0.58 a year ago. The reported revenue represents a surprise of +2.68% over the Zacks Consensus Estimate of $126.8 million. With the consensus EPS estimate being $0.85, the EPS surprise was +20.00%. While investors closely watch year-over-year changes in headline numbers -- revenue and earnings -- and how they compare ...

Northwest Pipe Co. (NWPX) came out with quarterly earnings of $1.02 per share, beating the Zacks Consensus Estimate of $0.85 per share. This compares to earnings of $0.58 per share a year ago. These figures are adjusted for non-recurring items. This quarterly report represents an earnings surprise of 20%. A quarter ago, it was expected that this steel pipe maker would post earnings of $0.67 per share when it actually produced earnings of $0.86, delivering a surprise of 28.36%. Over the last four quarters, t ...

Net sales of $130.2 million increased 9.7% year-over-year Record net sales of $44.3 million for the Precast Infrastructure and Engineered Systems segment ("Precast") Record gross profit of $27.0 million increased 40.0% year-over-year; gross profit margin of 20.8% Net income of $1.02 per diluted share Generated strong net cash provided by operating activities of $22.7 million Backlog1 of $231 million for the Engineered Steel Pressure Pipe segment ("SPP"); backlog including confirmed orders2 of $282 million ...