NW Pipe’s sales clipped by energy pipe imports

Nov 09, 2012 | 12:40 PM | Michael Cowden

Tags  Northwest Pipe, Richard Roman, quarterly earnings, water transmission pipe, Lake Texoma, tubular products, tubular imports, drilling OCTG

CHICAGO — Northwest Pipe Co.’s sales slimmed in the third quarter as the company warned that imports of energy tubulars could hurt results from its tubular products business. But the Vancouver, Wash.-based steel tube and pipe maker also predicted that the fourth quarter could bring a strong showing for its water transmission division. “Consistent with other domestic tubular products producers, we expect continued competition from imports of energy products to reduce profitability for the tubular products....

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