Northwest pipe company announces third quarter 2023 financial results and share repurchase authorization

Net sales of $118.7 million decreased 3.5% year-over-year gross profit of $19.3 million decreased 23.2% year-over-year net income of $0.58 per diluted share backlog 1 of $253 million; backlog including confirmed orders 2 of $335 million for the engineered steel pressure pipe segment ("spp") order book 3 of $52 million for the precast infrastructure and engineered systems segment ("precast") authorization for $30 million share repurchase program announced vancouver, wash. , nov. 2, 2023 /prnewswire/ -- northwest pipe company (nasdaq: nwpx) (the "company"), a leading manufacturer of water-related infrastructure products, today announced its financial results for the third quarter ended september 30, 2023 and the authorization of a share repurchase program for up to $30 million of its outstanding common stock.
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