Northwest pipe company announces first quarter 2024 financial results

Net sales of $113.2 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 $0.52 per diluted share backlog 1 of $255 million; backlog including confirmed orders 2  of $337 million for the engineered steel pressure pipe segment ("spp") order book 3 of $52 million for the precast infrastructure and engineered systems segment ("precast") repurchased $3.7 million of common stock during the quarter vancouver, wash. , may 1, 2024 /prnewswire/ -- northwest pipe company (nasdaq: nwpx) (the "company"), a leading manufacturer of water-related infrastructure products, today announced its financial results for the first quarter ended march 31, 2024.
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