NASDAQ$NWPX

Northwest Pipe Company · Q2 2023 earnings

Q2 2023 earnings · · Investor relations

Briefing

Announced Q2 2023 financial results with SPP business rebounding and Precast business delivering solid performance.

Northwest Pipe Company reported its Q2 2023 financial results, with the SPP business showing a rebound and the Precast business maintaining a good performance. The SPP backlog including confirmed orders declined to $343 million.

  • Backlog of $292 million; backlog including confirmed orders of $343 million for the Engineered Steel Pressure Pipe segment.
  • Precast business delivered $39.1 million in revenue and gross margins of 25.3%.
  • SPP business rebounded producing $77.3 million of revenue and gross margins of 16.3%.
  • Starting in the second quarter, SSP revenue is expected to remain at a higher level similar to 2022, but with improved gross margins.

Headline financials

Total Revenue

$116M

Previous: $119M-1.8%
EPS (adj)

$0.74

Previous: $1.04-28.8%
WTS Backlog

$292M

Previous: $303M-3.6%
Precast Order Book

$58M

Previous: $75M-22.7%
Capital Expenditures

-$8.41M

Previous: -$8.46M+0.5%
Free Cash Flow

-$966K

Previous: $1.22M-179.4%
Net Income

$7.45M

Previous: $9.67M-23.0%
Operating Income

$11.5M

Previous: $14M-17.8%
Gross Profit

$22.5M

Previous: $24.1M-6.6%
Cash & Equivalents

$4.15M

Previous: $3.54M+17.2%
Total Assets

$603M

Previous: $587M+2.8%
Stock-Based Comp

$1.31M

Previous: $673K+95.2%

Revenue & EPS history

Northwest Pipe · Revenue · Quarterly

$116M

Q2 2023-1.8%vs Q2 2022
Beat estimate in 11 of 14 quarters(79%)
ActualEstimate

Revenue by segment

Northwest Pipe · $39.1M total across 1 segment · Q2 2023

  • Precast Infrastructure
    $39.1M-5.5%

Historical earnings impact

How earnings announcements have historically affected this stock's price.

Avg. return before/after earnings

Based on 20 quarterly earnings reports · overlaid with Q2 2023

Historical avgQ2 2023

+0.7%

Avg return

Earnings day

+3.3%

Avg return

5 days after

+5.4%

Avg return

30 days after

48%

31 / 64 earnings

Positive

+15.4%

Q3 2021

Best reaction

-19.5%

Q4 2022

Worst reaction

Earnings price reactions
QuarterReport dateReaction (Day 0)+5 days+30 days
Q1 2026+14.3%+29.5%+37.1%
Q4 2025+10.2%+9.4%+3.4%
Q3 2025+1.6%+14.4%+5.3%
Q1 2025-6.2%-11.0%-8.8%
Q4 2024-10.7%-13.9%-13.5%
Q3 2024-0.7%+4.5%+24.0%
Q2 2024+1.6%+4.4%+17.7%
Q1 2024+2.0%+5.6%+12.1%
Q4 2023-0.8%+13.6%+16.6%
Q3 2023+1.2%-7.0%-2.6%
Q2 2023-2.0%+0.1%+2.1%
Q1 2023-3.3%-4.5%+1.4%
Q4 2022-19.5%-18.1%-24.5%
Q3 2022-5.2%-2.2%+4.7%
Q2 2022+7.9%+11.2%+13.3%
Q1 2022+1.7%+7.5%+27.1%
Q4 2021+1.0%-3.1%-7.1%
Q3 2021+15.4%+19.7%+19.9%
Q2 2021-1.1%-4.5%-8.7%
Q1 2021-1.8%-2.6%-5.1%
Q4 2020-5.7%-3.4%-4.1%
Q3 2020-3.0%-4.8%+4.1%
Q2 2020+6.5%+10.9%+8.2%
Q1 2020+1.2%-6.3%+20.6%
Q4 2019-2.6%-8.5%-34.7%
Q3 2019+3.0%+9.6%+16.0%
Q2 2019+2.2%+11.5%+13.4%
Q1 2019+4.2%+9.7%+2.6%
Q4 2018+0.7%+1.8%+6.4%
Q3 2018+14.1%+26.4%+13.7%
Q2 2018+1.0%+0.1%-6.2%
Q1 2018-3.3%+1.2%+8.8%
Q4 2017+2.0%+5.8%-4.4%
Q3 2017-1.8%-1.9%+0.4%
Q2 2017+3.1%+7.0%+21.5%
Q1 2017+2.9%+6.2%+5.4%
Q4 2016+4.5%-1.6%-17.6%
Q3 2016+6.4%+4.6%+38.4%
Q2 2016+7.0%+8.2%+3.9%
Q1 2016-6.0%
Q4 2015-15.4%
Q3 2015+8.5%
Q2 2015+7.6%
Q1 2015-5.1%
Q4 2014-4.5%
Q3 2014-5.0%
Q2 2014-0.7%
Q1 2014-1.6%
Q4 2013-3.8%
Q3 2013-0.7%
Q2 2013-5.5%
Q1 2013-1.3%
Q4 2012+11.9%
Q3 2012-5.6%
Q2 2012+5.8%
Q1 2011-1.0%
Q4 2009-1.0%
Q3 2011-1.0%
Q3 2010-1.0%
Q4 2011-1.0%
Q1 2012-1.0%
Q2 2010+7.4%
Q2 2011+7.4%
Q4 2010+7.4%

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