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Northwest Pipe(NWPX) - 2024 Q3 - Quarterly Results
2024-10-30 20:21
Exhibit 99.1 Northwest Pipe Company Announces Third Quarter 2024 Financial Results • 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 Engine ...
Northwest Pipe Company Announces Third Quarter 2024 Financial Results
Prnewswire· 2024-10-30 20:15
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 ...
Northwest Pipe Company to Release Third Quarter 2024 Financial Results on October 30th
Prnewswire· 2024-10-16 20:05
Financial results to be released after market close on October 30, 2024 Conference call to begin at 7:00 a.m. PT on October 31, 2024 VANCOUVER, Wash., Oct. 16, 2024 /PRNewswire/ -- Northwest Pipe Company (NASDAQ: NWPX), a leading manufacturer of water-related infrastructure products, announced today that it intends to release its financial results for the third quarter ended September 30, 2024 on Wednesday, October 30, 2024. Scott Montross, Northwest Pipe Company's President and Chief Executive Officer, and ...
What Makes Northwest Pipe Co. (NWPX) a Good Fit for 'Trend Investing'
ZACKS· 2024-09-18 13:50
Most of us have heard the dictum "the trend is your friend." And this is undeniably the key to success when it comes to short-term investing or trading. But it isn't easy to ensure the sustainability of a trend and profit from it. The trend often reverses before exiting the trade, leading to a short-term capital loss for investors. So, for a profitable trade, one should confirm factors such as sound fundamentals, positive earnings estimate revisions, etc. that could keep the momentum in the stock alive. Our ...
Are Industrial Products Stocks Lagging Northwest Pipe Company (NWPX) This Year?
ZACKS· 2024-09-03 14:40
For those looking to find strong Industrial Products stocks, it is prudent to search for companies in the group that are outperforming their peers. Is Northwest Pipe Co. (NWPX) one of those stocks right now? A quick glance at the company's year-to-date performance in comparison to the rest of the Industrial Products sector should help us answer this question. Northwest Pipe Co. is a member of the Industrial Products sector. This group includes 218 individual stocks and currently holds a Zacks Sector Rank of ...
Northwest Pipe Co. (NWPX) is on the Move, Here's Why the Trend Could be Sustainable
ZACKS· 2024-08-22 13:50
While "the trend is your friend" when it comes to short-term investing or trading, timing entries into the trend is a key determinant of success. And increasing the odds of success by making sure the sustainability of a trend isn't easy. Often, the direction of a stock's price movement reverses quickly after taking a position in it, making investors incur a short-term capital loss. So, it's important to ensure that there are enough factors -- such as sound fundamentals, positive earnings estimate revisions, ...
Wall Street Analysts See a 25.83% Upside in Northwest Pipe Co. (NWPX): Can the Stock Really Move This High?
ZACKS· 2024-08-08 15:00
Northwest Pipe Co. (NWPX) closed the last trading session at $38.68, gaining 17.2% over the past four weeks, but there could be plenty of upside left in the stock if short-term price targets set by Wall Street analysts are any guide. The mean price target of $48.67 indicates a 25.8% upside potential. The average comprises three short-term price targets ranging from a low of $48 to a high of $50, with a standard deviation of $1.15. While the lowest estimate indicates an increase of 24.1% from the current pri ...
Will Northwest Pipe Co. (NWPX) Gain on Rising Earnings Estimates?
ZACKS· 2024-08-06 17:20
Northwest Pipe Co. (NWPX) appears an attractive pick given a noticeable improvement in the company's earnings outlook. The stock has been a strong performer lately, and the momentum might continue with analysts still raising their earnings estimates for the company. Analysts' growing optimism on the earnings prospects of this steel pipe maker is driving estimates higher, which should get reflected in its stock price. After all, empirical research shows a strong correlation between trends in earnings estimat ...
What Makes Northwest Pipe Co. (NWPX) a New Strong Buy Stock
ZACKS· 2024-08-06 17:01
Investors might want to bet on Northwest Pipe Co. (NWPX) , as it has been recently upgraded to a Zacks Rank #1 (Strong Buy). This upgrade primarily reflects an upward trend in earnings estimates, which is one of the most powerful forces impacting stock prices. The sole determinant of the Zacks rating is a company's changing earnings picture. The Zacks Consensus Estimate -- the consensus of EPS estimates from the sell-side analysts covering the stock -- for the current and following years is tracked by the s ...
Recent Price Trend in Northwest Pipe Co. (NWPX) is Your Friend, Here's Why
ZACKS· 2024-08-06 13:51
While "the trend is your friend" when it comes to short-term investing or trading, timing entries into the trend is a key determinant of success. And increasing the odds of success by making sure the sustainability of a trend isn't easy. Often, the direction of a stock's price movement reverses quickly after taking a position in it, making investors incur a short-term capital loss. So, it's important to ensure that there are enough factors -- such as sound fundamentals, positive earnings estimate revisions, ...