NW Pipe earnings boosted by water transmission group
Mar 15, 2013 | 10:10 AM
| Frank Haflich
Tags
Northwest Pipe,
earnings report,
water transmission,
tubular products,
Scott Montross,
import competition,
Frank Haflich
LOS ANGELES — A surge in water transmission business, due in part to a large Texas project, offset an unprofitable fourth quarter in tubular products for Northwest Pipe Co.
The Vancouver, Wash.-based pipe producer posted net income of $4.5 million for the three months ended Dec. 31, triple earnings of nearly $1.5 million in the same period a year earlier, on sales that jumped 16.3 percent to $136.19 million. Full-year net income of more than $16.2 million was up 28.3 percent from $12.7 million in 2011 on a 2.5-percent increase in sales to $524.5 million.....
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