Northwest Pipe Company (NASDAQ:NWPX) Q2 2024 Earnings Conference Call August 1, 2024 10:00 AM ET Company Participants Scott Montross - President and CEO Aaron Wilkins - Chief Financial Officer Conference Call Participants Julio Romero - Sidoti Brent Thielman - D.A. Davidson Ted Jackson - Northland Securities David Wright - Henry Investment Trust Operator Good morning and welcome to Northwest Pipe Company's Second Quarter 2024 Earnings Conference Call. All participants will be in a listen-only mode. [Operato ...

Company Overview - Northwest Pipe Company is a leading manufacturer of water-related infrastructure products, founded in 1966 and headquartered in Vancouver, WA[2] - The company has 13 strategically located manufacturing facilities, with twelve in the U S and one in San Luis Rio Colorado, Mexico[2] Market Opportunity - The total addressable market for steel pressure pipe is estimated at $3 billion to $5 billion, with NWPX holding approximately 56% market share, representing $296 million in revenue[9] - The total addressable market for concrete pipe and precast is estimated at $450 million to $600 million, with NWPX holding approximately 4% market share, representing $148 million in revenue[9] - Federal awards totaling $31 billion are designated for utilities level projects, funded by the Infrastructure Investment and Jobs Act (IIJA)[5] - The 7th Drinking Water Infrastructure Needs Survey and Assessment (DWINSA) in 2021 estimated the total state need for water infrastructure across the U S at $625 billion, a 32% increase over the 6th DWINSA in 2015[30] Financial Performance - The company's backlog including confirmed orders for the Engineered Steel Pressure Pipe segment is $348 million[19] - The order book for the Precast Infrastructure and Engineered Systems segment is $62 million[19] - The company repurchased approximately 18,000 shares of common stock for $06 million in Q2 2024, and approximately 174,000 shares for $51 million since the authorization of the share repurchase program in November 2023[16] Growth Strategy - The company is pursuing a "Product Spread" strategy to build out capacity utilization at ParkUSA plants in Texas, with approximately $5 million of orders booked outside of Texas year-to-date as of June 30, 2024[14] - The company is evaluating potential M&A in the precast-related market with the goal of Precast becoming the same size as the SPP business[16]

Northwest Pipe Co. (NWPX) reported $129.51 million in revenue for the quarter ended June 2024, representing a year-over-year increase of 11.3%. EPS of $0.86 for the same period compares to $0.74 a year ago. The reported revenue represents a surprise of +8.14% over the Zacks Consensus Estimate of $119.76 million. With the consensus EPS estimate being $0.67, the EPS surprise was +28.36%. While investors closely watch year-over-year changes in headline numbers -- revenue and earnings -- and how they compare to ...

Northwest Pipe Co. (NWPX) came out with quarterly earnings of $0.86 per share, beating the Zacks Consensus Estimate of $0.67 per share. This compares to earnings of $0.74 per share a year ago. These figures are adjusted for non-recurring items. This quarterly report represents an earnings surprise of 28.36%. A quarter ago, it was expected that this steel pipe maker would post earnings of $0.34 per share when it actually produced earnings of $0.52, delivering a surprise of 52.94%. Over the last four quarters ...

Net sales of $129.5 million increased 11.3% year-over-year Record net sales of $89.5 million for the Engineered Steel Pressure Pipe segment ("SPP") Record gross profit of $25.8 million increased 14.8% year-over-year Net income of $0.86 per diluted share Generated strong net cash provided by operating activities of $22.3 million Backlog1 of $282 million; backlog including confirmed orders2 of $348 million for SPP Order book3 of $62 million for the Precast Infrastructure and Engineered Systems segment ("Preca ...

Group 1 - Northwest Pipe Company will release its financial results for the second quarter ended June 30, 2024, on July 31, 2024 [3] - A conference call to discuss the financial results will take place on August 1, 2024, at 7:00 a.m. PT, hosted by the President and CEO Scott Montross and CFO Aaron Wilkins [1] - The conference call will be available for live streaming on the company's Investor Relations website and will be archived for later access [1] Group 2 - 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 [2] - The company produces a variety of products including stormwater and wastewater technology products, precast and reinforced concrete products, and pipeline system components [2] - Northwest Pipe Company is strategically positioned to address the growing needs in water and wastewater infrastructure, with a commitment to quality and innovation [2]

Author's Chart Author's Chart Many of the pipes that were installed after World War II have an average lifespan of 75 to 100 years, meaning that many of them are nearing the end of their design life. To give more perspective, some of the oldest pipes in the US were installed in the 19th century. Due to the age of the current US water infrastructure, it is estimated that for every 100 miles of pipe, there were about 10–37 leaks and breaks. The report also mentioned that between 2012 and 2018, the number of w ...

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, ...

When it comes to short-term investing or trading, they say "the trend is your friend." And there's no denying that this is the most profitable strategy. But making sure of the sustainability of a trend to profit from it is easier said than done.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 st ...

Here are two stocks with buy rank and strong value characteristics for investors to consider today, May 7th:  United Therapeutics (UTHR) : This company, which is engaged in research and development efforts to increase the supply of transplantable organs and tissues through regenerative medicine and organ manufacturing, carries a Zacks Rank #1(Strong Buy), and has witnessed the Zacks Consensus Estimate for its current year earnings increasing 3.2% over the last 60 days.United Therapeutics has a price-to-earn ...