Brief: Northwest Pipe Reports Q1 Earnings Per Share Of $0.22

NWPX Infrastructure

08/05/2019 22:59

May 8 (Reuters) - Northwest Pipe Co  NWPX.O :
    * MPANY REPORTS PROFITABLE QUARTERLY RESULTS AND ANNOUNCES
FIRST
QUARTER CONFERENCE CALL
    * Q1 EARNINGS PER SHARE $0.22
    * Q1 SALES ROSE 87.8 PERCENT TO $62.6 MILLION
    * IN APRIL, COMPANY HAD AN ACCIDENTAL FIRE AT SAGINAW, TEXAS
PLANT
    * EXPECT CONTINUING STRENGTH IN REVENUE AND IMPROVING GROSS
MARGINS AS WE PROGRESS THROUGH 2019
    * NORTHWEST PIPE - NEXT COUPLE OF QUARTERS COULD HAVE
ANOMALIES
RELATED TO TIMING OF EXPENSES & INSURANCE COVERAGE FROM FIRE AT
SAGINAW COATINGS BUILDING
    * BACKLOG INCLUDING CONFIRMED ORDERS WAS $242 MILLION AS OF
MARCH
31, 2019 COMPARED TO $252 MILLION AS OF DECEMBER 31, 2018

Source text for Eikon:  ID:nGNX8zW2rq 
Further company coverage:  NWPX.O 

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