Northwest Pipe(NWPX) - 2024 Q1 - Quarterly Results
NWPXNorthwest Pipe(NWPX)2024-05-02 04:27

Exhibit 99.1 Northwest Pipe Company Announces First Quarter 2024 Financial Results • Net sales of 113.2millionincreased14.2113.2 million increased 14.2% year-over-year, a record for first quarter revenues • Gross profit of 20.1 million increased 21.5% year-over-year, the highest first quarter gross profit in 11 years • Net income of 0.52perdilutedshareBacklog1of0.52 per diluted share • Backlog1 of 255 million; backlog including confirmed orders2 of 337millionfortheEngineeredSteelPressurePipesegment(SPP)Orderbook3of337 million for the Engineered Steel Pressure Pipe segment (“SPP”) • Order book3 of 52 million for the Prec ...