NW Pipe shatters sales record in 2011
Apr 30, 2012 | 01:32 PM
| Michael Cowden
TORONTO Northwest Pipe Co. swung to a profit and broke its annual sales record in 2011 despite grappling with an accounting issue that saw it threatened with delisting from the Nasdaq Stock Market.
The Vancouver, Wash.-based steel tube and pipe maker reported net income of $12.7 million in 2011 in contrast to a net loss of $5.4 million the previous year. The company posted sales of $511.7 million in 2011 compared with sales of nearly $386.8 million in 2010, according to earnings data released Monday. Those results broke the companys previous annual sales record of $451.4 million set in 2008, Northwest Pipe said.....
To access AMM's full content, please log in below. If you do not have an AMM account, we invite you to take a free trial or subscribe below.
Already a registered amm.com user?
Access to amm.com editorial content is granted only to paid subscribers and trialists. If you do not have an active account in your own name, please either subscribe or take a trial and you will have instant access to amm.com content. Sharing your login credentials with individuals who are not subscribers represents a violation of AMM copyright.
Every morning, every minute no matter how often you follow the markets, there's an AMM subscription to fit your needs.
Not sure if you are ready to invest in a subscription right now? Take a free, no-obligation trial. Start your free trial today.