Trade Northwest Pipe Co - NWPX CFD

Northwest Pipe Company profile

About Northwest Pipe Company

Northwest Pipe Company is a manufacturer of engineered steel water pipeline systems and water related infrastructure products. It manufactures Permalok steel casing pipe, which is a pipe joining system that has a press-fit interlocking connection system and installed in trenchless construction projects. It also manufactures reinforced concrete products, which includes steel casing pipe, bar-wrapped concrete cylinder pipe, as well as linings, coatings, joints, fittings, and specialized components. It also provides solution-based products for a range of markets including water transmission and infrastructure, water and wastewater plant piping, structural stormwater and sewer systems, trenchless technology, and pipeline rehabilitation. Its manufacturing facilities located in Portland, Oregon; Adelanto, California; Saginaw, Texas; Tracy, California; Parkersburg, West Virginia; Salt Lake City, Utah; Orem, Utah; St. George, Utah; St. Louis, Missouri; and San Luis Rio Colorado, Mexico.

Financial summary

BRIEF: For the fiscal year ended 31 December 2021, Northwest Pipe Company revenues increased 17% to $333.3M. Net income decreased 40% to $11.5M. Revenues reflect United States segment increase of 23% to $313.7M. Net income was offset by Selling, general and administrative- Bal increase of 13% to $22.6M (expense), Acquisition related costs increase of 31% to $3.4M (expense).

Equity composition

Common Stock $.01 Par, 5/11, 15M auth., 9,311,005 issd. Insiders control 3.06%. IPO 11/95, 1.68M shs. @ $9M by Hanifen, Imhoff. PO 11/96, 2M shs. @ $15.50. PO 11/06, 1.7M shs. @ $ 29.00 per share by Jefferies & Company, Inc and D.A. Davidson & Co.