Northwest Pipe Co. Reports Mixed Q1 Financial Results

Northwest Pipe Co. (NWPX), a leading industrial company specializing in the manufacture and marketing of welded steel pipe, has released its financial results for the first quarter of 2025. The company, based in Vancouver, Washington, is listed on the Nasdaq and primarily produces large diameter, high-pressure steel pipes for water transmission, as well as smaller diameter pipes for various applications.

Key Financial Highlights:

  • Revenue Growth: Northwest Pipe reported net sales of $116.1 million, marking a 2.6% increase year-over-year. This growth in revenue surpassed market expectations, indicating a positive demand for their products despite a challenging environment.

  • Earnings Per Share (EPS): The company reported an EPS of $0.39, which fell short of estimates. This discrepancy highlights the challenges faced in translating revenue growth into profitability.

  • Backlog and Order Book: The backlog for the Engineered Steel Pressure Pipe segment (“SPP”) stood at $203 million, with confirmed orders bringing the total to $289 million. Additionally, the Precast Infrastructure and Engineered Systems segment (“Precast”) reported an order book of $64 million.

  • Stock Repurchase: In April 2025, Northwest Pipe repurchased $5.0 million of its common stock, reflecting confidence in the company’s long-term value.

Market Reaction:

Despite the mixed earnings report, Northwest Pipe’s sales performance was better than expected, which may have contributed to a positive market reaction. The company’s stock closed at $42.36 on April 29, 2025, with a 52-week high of $57.76 and a low of $32.04.

Company Overview:

Northwest Pipe Co. is an established player in the construction and engineering sector, with a market capitalization of $419.67 million. The company has a price-to-earnings ratio of 12.43, indicating a moderate valuation relative to its earnings.

For more detailed information on Northwest Pipe Co.’s offerings and financial performance, interested parties can visit their website at www.nwpipe.com .