Northwest Pipe Company is a manufacturer of engineered steel pipe water systems. The Company operates through two segments. The Water Transmission segment produces steel pipeline systems for use in drinking water infrastructure, and has approximately eight manufacturing facilities, located in Portland, Oregon; Denver, Colorado; Adelanto, California; Parkersburg, West Virginia; Saginaw, Texas; St. Louis, Missouri; Salt Lake City, Utah, and Monterrey, Mexico. The Tubular Products segment produces steel line pipe products for energy applications, and has a manufacturing facility located in Atchison, Kansas. The Company, through Water Transmission Group, produces engineered welded steel pipe products for use in water transmission applications. It also manufactures smaller diameter electric resistance welded (ERW) steel pipe through its Tubular Products Group. The Company's solutions-based products are used in water transmission, plant piping, tunnels and river crossings applications.
Company Growth (employees)
Northwest Pipe Office Locations
Northwest Pipe Data and Metrics
Northwest Pipe Financial Metrics
Revenue (Q1, 2017) | 29.7 m |
Gross profit (Q1, 2017) | 780 k |
Gross profit margin (Q1, 2017), % | 3% |
Net income (Q1, 2017) | (3.9 m) |
EBIT (Q1, 2017) | (3.9 m) |
Market capitalization (17-Aug-2017) | 153.4 m |
Cash (31-Mar-2017) | 20.8 m |
| USD | FY, 2013 | FY, 2014 | FY, 2015 | FY, 2016 |
|---|---|---|---|---|
Revenue | 475.6 m | 403.3 m | 236.6 m | 156.3 m |
Revenue growth, % | (15%) | (41%) | (34%) | |
Cost of goods sold | 423.1 m | 362.7 m | 249.2 b | 159.5 m |
Gross profit | 52.5 m | 40.6 m | (249 b) | (3.2 m) |
Gross profit Margin, % | 11% | 10% | (105236%) | (2%) |
EBIT | 749 k | 194 k | (40.2 b) | (13.5 m) |
EBIT margin, % | 0% | 0% | (16994%) | (9%) |
Interest income | 456 k | 466 k | 173 m | 14 k |
Pre tax profit | (3 m) | (1.5 m) | (41.3 b) | (14 m) |
Net Income | (923 k) | (17.9 m) | (29.4 m) | (9.3 m) |
| USD | Q2, 2014 | Q3, 2014 | Q1, 2015 | Q2, 2015 | Q3, 2015 | Q1, 2016 | Q2, 2016 | Q3, 2016 | Q1, 2017 |
|---|---|---|---|---|---|---|---|---|---|
Revenue | 102 m | 116.5 m | 84.9 m | 53.8 m | 52.3 m | 33.9 m | 42.1 m | 41.1 m | 29.7 m |
Cost of goods sold | 90.7 m | 100.7 m | 81 m | 56.4 m | 54.8 m | 39.4 m | 44.2 m | 39 m | 28.9 m |
Gross profit | 11.3 m | 15.8 m | 3.9 m | (2.6 m) | (2.5 m) | (5.4 m) | (2.2 m) | 2.1 m | 780 k |
Gross profit Margin, % | 11% | 14% | 5% | (5%) | (5%) | (16%) | (5%) | 5% | 3% |
EBIT | 5.4 m | 9.3 m | (3.1 m) | (13.3 m) | (7.3 m) | (10 m) | (6.3 m) | (2.1 m) | (3.9 m) |
EBIT margin, % | 5% | 8% | (4%) | (25%) | (14%) | (30%) | (15%) | (5%) | (13%) |
Interest income | 82 k | 220 k | 82 k | 81 k | 10 k | 3 k | 10 k | ||
Pre tax profit | 4.9 m | 9.1 m | (3.4 m) | (13.5 m) | (7.4 m) | (10.1 m) | (6.4 m) | (2.2 m) | (4.1 m) |
Net Income | 3.2 m | 5 m | (2.1 m) | (12.1 m) | (1.5 m) | (9.6 m) | (6.2 m) | 727 k | (3.9 m) |
| USD | FY, 2013 | FY, 2014 | FY, 2015 | FY, 2016 |
|---|---|---|---|---|
Cash | 588 k | 527 k | 10.3 m | 21.8 m |
Inventories | 110.4 m | 72.8 m | 29.5 m | 19 m |
Current Assets | 243.6 m | 195.2 m | 115.3 m | 112.2 m |
PP&E | 143.1 m | 132.6 m | 131.8 m | 118.1 m |
Goodwill | 25.8 m | 5.3 m | ||
Total Assets | 433.5 m | 351.9 m | 259.4 m | 241.6 m |
Accounts Payable | 21.7 m | 15.5 m | 4.7 m | 5.3 m |
Total Debt | 325 k | |||
Current Liabilities | 48.2 m | 29.6 m | 21.6 m | 18.6 m |
Total Liabilities | 32.3 m | |||
Additional Paid-in Capital | 114.6 m | 116.8 m | 117.8 m | 118.7 m |
Retained Earnings | 148.5 m | 130.6 m | 101.2 m | 91.9 m |
Total Equity | 261.9 m | 245.6 m | 217.6 m | 209.2 m |
Debt to Equity Ratio | 0 x | |||
Debt to Assets Ratio | 0 x | |||
Financial Leverage | 1.7 x | 1.4 x | 1.2 x | 1.2 x |
| USD | Q2, 2014 | Q3, 2014 | Q1, 2015 | Q2, 2015 | Q3, 2015 | Q1, 2016 | Q2, 2016 | Q3, 2016 | Q1, 2017 |
|---|---|---|---|---|---|---|---|---|---|
Cash | 75 k | 72 k | 116 k | 688 k | 635 k | 9.4 m | 9.1 m | 11.8 m | 20.8 m |
Inventories | 64.1 m | 77.3 m | 61.3 m | 51.2 m | 49.2 m | 29.4 m | 25.5 m | 20.6 m | 17 m |
Current Assets | 179.5 m | 195.9 m | 163.3 m | 148.5 m | 138.7 m | 107.1 m | 107.4 m | 108.5 m | 103.2 m |
PP&E | 134.2 m | 132.1 m | |||||||
Goodwill | 21.3 m | 21.3 m | 5.3 m | 5.3 m | |||||
Total Assets | 355.8 m | 369 m | 320.8 m | 294.7 m | 283.4 m | 249.2 m | 240.8 m | 240.3 m | 231.1 m |
Accounts Payable | 16.6 m | 22 m | 9.4 m | 14.6 m | 10.5 m | 3.7 m | 5 m | 5 m | 3.6 m |
Current Liabilities | 33.4 m | 34.6 m | 21.9 m | 25.2 m | 27.1 m | 23.4 m | 20.6 m | 21.8 m | 12 m |
Additional Paid-in Capital | 114.5 m | 115.4 m | 116.7 m | 117.2 m | 117.4 m | 117.1 m | 117.7 m | 118.2 m | 118.9 m |
Retained Earnings | 139.5 m | 144.6 m | 128.5 m | 116.4 m | 114.9 m | 91.6 m | 85.4 m | 86.1 m | 88.1 m |
Total Equity | 253 m | 259 m | 243.5 m | 232 m | 230.8 m | 207.2 m | 201.7 m | 203.1 m | 205.7 m |
Financial Leverage | 1.4 x | 1.4 x | 1.3 x | 1.3 x | 1.2 x | 1.2 x | 1.2 x | 1.2 x | 1.1 x |
| USD | FY, 2013 | FY, 2014 | FY, 2015 | FY, 2016 |
|---|---|---|---|---|
Net Income | (923 k) | (17.9 m) | (29.4 m) | (9.3 m) |
Depreciation and Amortization | 14.1 m | 9.6 m | ||
Inventories | 8.3 m | 6 m | 43.7 m | 10.5 m |
Accounts Payable | 1.4 m | (5.3 m) | (9.9 m) | 866 k |
Cash From Operating Activities | 20.1 m | 35 m | 55.2 m | 1.5 m |
Purchases of PP&E | (28.4 m) | (14.3 m) | (8.5 m) | (2.3 m) |
Cash From Investing Activities | (48.3 m) | 15.5 m | 3.1 m | 11.7 m |
Long-term Borrowings | (5.7 m) | (6.4 m) | ||
Cash From Financing Activities | 28.7 m | (50.6 m) | (48.5 m) | (1.7 m) |
Income Taxes Paid | 2 m |
| USD | Q2, 2014 | Q3, 2014 | Q1, 2015 | Q2, 2015 | Q3, 2015 | Q1, 2016 | Q2, 2016 | Q3, 2016 | Q1, 2017 |
|---|---|---|---|---|---|---|---|---|---|
Net Income | 3.2 m | 5 m | (2.1 m) | (12.1 m) | (1.5 m) | (9.6 m) | (6.2 m) | 727 k | (3.9 m) |
Inventories | 64.1 m | 77.3 m | 61.3 m | 51.2 m | 49.2 m | 29.4 m | 25.5 m | 20.6 m | 17 m |
Accounts Payable | 16.6 m | 22 m | 9.4 m | 14.6 m | 10.5 m | 3.7 m | 5 m | 5 m | 3.6 m |
| USD | Y, 2017 |
|---|---|
Revenue/Employee | 50.9 k |
Financial Leverage | 1.1 x |
