Northwest pipe company announces fourth quarter and full year 2024 financial results

Fourth quarter net sales of $119.6 million increased 8.6% year-over-year annual net sales of $492.5 million, a company record under its current operating segments, increased 10.8% year-over-year record annual net sales for the engineered steel pressure pipe segment ("spp") and precast infrastructure and engineered systems segment ("precast") record annual gross profit of $95.4 million increased 22.9% year-over-year record annual net income of $3.40 per diluted share strong annual net cash provided by operating activities of $55.1 million spp backlog 1 of $213  million; spp backlog including confirmed orders 2  of $310  million precast order book 3 of $61  million record safety performance; annual total recordable incident rate of 1.25 and annual days away rate of 0.14 vancouver, wash. , feb. 26, 2025 northwest pipe company (nasdaq: nwpx) (the "company"), a leading manufacturer of water-related infrastructure products, today announced its financial results for the fourth quarter and full year ended december 31, 2024.
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