NASDAQ$NWPX

Northwest Pipe Company · Q3 2020 earnings

Q3 2020 earnings · · Investor relations

Briefing

Reported solid revenue and a gross profit margin that exceeded 20%.

Northwest Pipe Company announced its Q3 2020 financial results with net sales increasing by 3.2% to $77.6 million. The company reported a gross profit of $15.6 million and a gross profit margin of 20.1%. Net income was $7.3 million, or $0.73 per diluted share, and adjusted net income was $7.7 million, or $0.78 per diluted share.

  • Gross profit of $15.6 million and gross profit margin of 20.1%
  • Strong backlog of $143 million; $231 million including confirmed orders representing the ninth consecutive quarter over $200 million
  • Net income of $0.73 per diluted share; adjusted net income of $0.78 per diluted share
  • Net sales of $77.6 million, the highest quarterly net sales since the first quarter of 2013

Headline financials

Total Revenue

$77.6M

Previous: $75.2M+3.2%
EPS (adj)

$0.78

Previous: $0.93-16.1%
Consolidated Gross Margin

20.1%

Previous: 20.6%-2.4%
Capital Expenditures

-$9.79M

Previous: -$5.93M-65.2%
Free Cash Flow

-$2.52M

Previous: $4.82M-152.3%
Net Income

$7.27M

Previous: $10.7M-32.4%
Operating Income

$9.96M

Previous: $10.6M-5.8%
Gross Profit

$15.6M

Previous: $15.5M+0.9%
Cash & Equivalents

$30.4M

Previous: $11.7M+158.5%
Total Assets

$367M

Previous: $285M+28.6%
Stock-Based Comp

$873K

Previous: $541K+61.4%

Revenue & EPS history

Northwest Pipe · Revenue · Quarterly

$77.6M

Q3 2020+3.2%vs Q3 2019
Beat estimate in 12 of 16 quarters(75%)
ActualEstimate

Revenue by segment

Northwest Pipe · $38.2M total across 1 segment · Q3 2023

  • Precast Infrastructure
    $38.2M-2.8%

Forward guidance

Due to customer driven project delays, we expect fourth quarter revenues and the resulting gross profit margin to be lower than the third quarter. However, as we look into 2021, the structure of our business remains strong.

Tailwinds

  • The structure of our business remains strong as we look into 2021.

Headwinds

  • We expect fourth quarter revenues and the resulting gross profit margin to be lower than the third quarter due to customer driven project delays.

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 Q3 2020

Historical avgQ3 2020

+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%

Discussion

Share your read of this quarter. Sign-in carries your eToro identity.

Join the conversation

Sign in with eToro to post your read of this quarter and vote on others'.

Sign in with eToro