Latest news with #ScottMontross
Yahoo
2 days ago
- Business
- Yahoo
Northwest Pipe Company Announces New Corporate Name
New name and rebrand reflects growth, innovation, and future-focused vision VANCOUVER, Wash., June 12, 2025 /PRNewswire/ -- Northwest Pipe Company (Nasdaq: NWPX), a leading manufacturer of water-related infrastructure products, has announced its new corporate name and identity, NWPX Infrastructure, Inc. ("NWPX Infrastructure"). The rebrand to NWPX Infrastructure marks a significant milestone in the Company's ongoing evolution and growth, symbolizing its transformation into a modern, solutions-driven infrastructure provider with a national footprint. The new name reflects the Company's expanded capabilities in precast and engineered systems and a broader, more diversified product offering—while honoring its legacy of quality, integrity, and performance by retaining its long-standing Nasdaq ticker symbol, NWPX. "Our transition to NWPX Infrastructure represents much more than a name change," said Scott Montross, President and Chief Executive Officer of NWPX Infrastructure. "It reflects who we are today—a forward-looking company addressing the nation's most critical water infrastructure challenges. We're positioning ourselves for long-term growth while remaining grounded in the values that have guided Northwest Pipe for more than five decades." To leverage its strong market recognition, the Company will continue to operate its engineered steel pressure pipe plants and products under the Northwest Pipe Company brand. To better align the precast business and expand market reach, the Geneva Pipe and Precast and ParkUSA lines will transition to NWPX Geneva and NWPX ParkUSA, respectively. The rebranding includes a new corporate logo and visual identity that will be rolled out across all business operations, product lines, and digital platforms. NWPX Infrastructure will continue to trade on the Nasdaq stock exchange under the ticker symbol "NWPX." Customers, partners, and stakeholders can expect the same trusted products, industry expertise, and commitment to excellence—now delivered under a brand that better represents the Company's integrated approach to water infrastructure solutions. To learn more about the rebrand and the Company's continued commitment to building the nation's water infrastructure, visit About NWPX Infrastructure – Founded in 1966, NWPX Infrastructure, Inc. is a leading manufacturer of water-related infrastructure products. The Company is the largest manufacturer of engineered water transmission systems in North America and produces steel casing pipe, bar-wrapped concrete cylinder pipe, and pipeline system joints and fittings through its Engineered Steel Pressure Pipe segment. The Company provides solution-based products for a wide range of markets including high-quality reinforced precast concrete products, lined precast sanitary sewer system components, water distribution and management equipment including pump lift stations, wastewater pretreatment and stormwater quality products through its Precast Infrastructure and Engineered Systems segment. Strategically positioned to meet growing water and wastewater infrastructure needs, the Company's skilled team is committed to quality and innovation while upholding its core values of accountability, commitment, and teamwork. Headquartered in Vancouver, Washington, NWPX Infrastructure operates 13 manufacturing facilities across North America. For more information, please visit Contact: Aaron Wilkins Chief Financial Officer NWPX Infrastructure, Inc. 360-397-6294 • awilkins@ View original content to download multimedia: SOURCE NWPX Infrastructure
Yahoo
05-06-2025
- Business
- Yahoo
HVAC and Water Systems Stocks Q1 Results: Benchmarking Northwest Pipe (NASDAQ:NWPX)
Quarterly earnings results are a good time to check in on a company's progress, especially compared to its peers in the same sector. Today we are looking at Northwest Pipe (NASDAQ:NWPX) and the best and worst performers in the hvac and water systems industry. Many HVAC and water systems companies sell essential, non-discretionary infrastructure for buildings. Since the useful lives of these water heaters and vents are fairly standard, these companies have a portion of predictable replacement revenue. In the last decade, trends in energy efficiency and clean water are driving innovation that is leading to incremental demand. On the other hand, new installations for these companies are at the whim of residential and commercial construction volumes, which tend to be cyclical and can be impacted heavily by economic factors such as interest rates. The 9 hvac and water systems stocks we track reported a satisfactory Q1. As a group, revenues beat analysts' consensus estimates by 2.1% while next quarter's revenue guidance was 0.7% below. In light of this news, share prices of the companies have held steady as they are up 4.7% on average since the latest earnings results. Playing a large role in the Integrated Pipeline (IPL) project in Texas to deliver ~350 million gallons of water per day, Northwest Pipe (NASDAQ:NWPX) is a manufacturer of pipeline systems for water infrastructure. Northwest Pipe reported revenues of $116.1 million, up 2.6% year on year. This print exceeded analysts' expectations by 3.7%. Despite the top-line beat, it was still a slower quarter for the company with a significant miss of analysts' EBITDA and EPS estimates. "In the first quarter of 2025, we encountered a mix of external challenges ranging from weather disruptions across multiple facilities to the uncertainty brought on by new trade policies from the incoming administration," said Scott Montross, President and Chief Executive Officer of Northwest Pipe Company. The stock is down 5.8% since reporting and currently trades at $39.82. Read our full report on Northwest Pipe here, it's free. Backed by two million square feet of lab testing space, AAON (NASDAQ:AAON) makes heating, ventilation, and air conditioning equipment for different types of buildings. AAON reported revenues of $322.1 million, up 22.9% year on year, outperforming analysts' expectations by 10.9%. The business had an incredible quarter with a solid beat of analysts' EPS estimates and an impressive beat of analysts' EBITDA estimates. AAON delivered the biggest analyst estimates beat and fastest revenue growth among its peers. The market seems happy with the results as the stock is up 5.4% since reporting. It currently trades at $96.04. Is now the time to buy AAON? Access our full analysis of the earnings results here, it's free. Originally started as a farm water drainage company, Advanced Drainage Systems (NYSE:WMS) provides clean water management solutions to communities across America. Advanced Drainage reported revenues of $615.8 million, down 5.8% year on year, falling short of analysts' expectations by 6.8%. It was a disappointing quarter as it posted a miss of analysts' Infiltrators revenue estimates and full-year revenue guidance missing analysts' expectations. Advanced Drainage delivered the weakest performance against analyst estimates, slowest revenue growth, and weakest full-year guidance update in the group. As expected, the stock is down 7% since the results and currently trades at $113.15. Read our full analysis of Advanced Drainage's results here. Claiming to have saved more than 30 billion gallons of water, Zurn Elkay (NYSE:ZWS) provides water management solutions to various industries. Zurn Elkay reported revenues of $388.8 million, up 4% year on year. This print topped analysts' expectations by 1.4%. Taking a step back, it was a mixed quarter as it also recorded an impressive beat of analysts' adjusted operating income estimates but a significant miss of analysts' organic revenue estimates. The stock is up 16.2% since reporting and currently trades at $36.16. Read our full, actionable report on Zurn Elkay here, it's free. With over two centuries of combined operations manufacturing and supplying, CSW (NASDAQ:CSWI) offers special chemicals, coatings, sealants, and lubricants for various industries. CSW reported revenues of $230.5 million, up 9.3% year on year. This result missed analysts' expectations by 1%. It was a slower quarter as it also produced a slight miss of analysts' EBITDA estimates. The stock is down 3.3% since reporting and currently trades at $304.19. Read our full, actionable report on CSW here, it's free. The Fed's interest rate hikes throughout 2022 and 2023 have successfully cooled post-pandemic inflation, bringing it closer to the 2% target. Inflationary pressures have eased without tipping the economy into a recession, suggesting a soft landing. This stability, paired with recent rate cuts (0.5% in September 2024 and 0.25% in November 2024), fueled a strong year for the stock market in 2024. The markets surged further after Donald Trump's presidential victory in November, with major indices reaching record highs in the days following the election. Still, questions remain about the direction of economic policy, as potential tariffs and corporate tax changes add uncertainty for 2025. Want to invest in winners with rock-solid fundamentals? Check out our Top 6 Stocks and add them to your watchlist. These companies are poised for growth regardless of the political or macroeconomic climate.
Yahoo
01-05-2025
- Business
- Yahoo
Northwest Pipe (NASDAQ:NWPX) Posts Better-Than-Expected Sales In Q1
Water management company Northwest Pipe (NASDAQ:NWPX) beat Wall Street's revenue expectations in Q1 CY2025, with sales up 2.6% year on year to $116.1 million. Its GAAP profit of $0.39 per share was 26.9% below analysts' consensus estimates. Is now the time to buy Northwest Pipe? Find out in our full research report. Revenue: $116.1 million vs analyst estimates of $111.9 million (2.6% year-on-year growth, 3.7% beat) EPS (GAAP): $0.39 vs analyst expectations of $0.53 (26.9% miss) Adjusted EBITDA: $10.12 million vs analyst estimates of $13.2 million (8.7% margin, 23.3% miss) Operating Margin: 4.8%, down from 7.7% in the same quarter last year Free Cash Flow was $1.18 million, up from -$30.66 million in the same quarter last year Market Capitalization: $424.8 million "In the first quarter of 2025, we encountered a mix of external challenges ranging from weather disruptions across multiple facilities to the uncertainty brought on by new trade policies from the incoming administration," said Scott Montross, President and Chief Executive Officer of Northwest Pipe Company. Playing a large role in the Integrated Pipeline (IPL) project in Texas to deliver ~350 million gallons of water per day, Northwest Pipe (NASDAQ:NWPX) is a manufacturer of pipeline systems for water infrastructure. Reviewing a company's long-term sales performance reveals insights into its quality. Any business can put up a good quarter or two, but many enduring ones grow for years. Luckily, Northwest Pipe's sales grew at an impressive 11.6% compounded annual growth rate over the last five years. Its growth beat the average industrials company and shows its offerings resonate with customers. Long-term growth is the most important, but within industrials, a half-decade historical view may miss new industry trends or demand cycles. Northwest Pipe's recent performance shows its demand has slowed significantly as its annualized revenue growth of 5.2% over the last two years was well below its five-year trend. This quarter, Northwest Pipe reported modest year-on-year revenue growth of 2.6% but beat Wall Street's estimates by 3.7%. Looking ahead, sell-side analysts expect revenue to remain flat over the next 12 months, a deceleration versus the last two years. This projection doesn't excite us and suggests its products and services will face some demand challenges. Here at StockStory, we certainly understand the potential of thematic investing. Diverse winners from Microsoft (MSFT) to Alphabet (GOOG), Coca-Cola (KO) to Monster Beverage (MNST) could all have been identified as promising growth stories with a megatrend driving the growth. So, in that spirit, we've identified a relatively under-the-radar profitable growth stock benefiting from the rise of AI, available to you FREE via this link. Northwest Pipe has done a decent job managing its cost base over the last five years. The company has produced an average operating margin of 8.5%, higher than the broader industrials sector. Analyzing the trend in its profitability, Northwest Pipe's operating margin might fluctuated slightly but has generally stayed the same over the last five years. This raises questions about the company's expense base because its revenue growth should have given it leverage on its fixed costs, resulting in better economies of scale and profitability. This quarter, Northwest Pipe generated an operating profit margin of 4.8%, down 2.9 percentage points year on year. Since Northwest Pipe's operating margin decreased more than its gross margin, we can assume it was less efficient because expenses such as marketing, R&D, and administrative overhead increased. Revenue trends explain a company's historical growth, but the long-term change in earnings per share (EPS) points to the profitability of that growth – for example, a company could inflate its sales through excessive spending on advertising and promotions. Northwest Pipe's EPS grew at a weak 4% compounded annual growth rate over the last five years, lower than its 11.6% annualized revenue growth. However, its operating margin didn't change during this time, telling us that non-fundamental factors such as interest and taxes affected its ultimate earnings. Diving into the nuances of Northwest Pipe's earnings can give us a better understanding of its performance. A five-year view shows Northwest Pipe has diluted its shareholders, growing its share count by 2.9%. This has led to lower per share earnings. Taxes and interest expenses can also affect EPS but don't tell us as much about a company's fundamentals. Like with revenue, we analyze EPS over a shorter period to see if we are missing a change in the business. For Northwest Pipe, its two-year annual EPS growth of 4.8% is similar to its five-year trend, implying stable earnings. In Q1, Northwest Pipe reported EPS at $0.39, down from $0.52 in the same quarter last year. This print missed analysts' estimates. Over the next 12 months, Wall Street expects Northwest Pipe's full-year EPS of $3.27 to grow 5.2%. We were impressed by how significantly Northwest Pipe blew past analysts' revenue expectations this quarter. On the other hand, its EPS and EBITDA missed significantly. Overall, this quarter could have been better, but the stock traded up 3.1% to $43.59 immediately following the results. Is Northwest Pipe an attractive investment opportunity right now? We think that the latest quarter is just one piece of the longer-term business quality puzzle. Quality, when combined with valuation, can help determine if the stock is a buy. We cover that in our actionable full research report which you can read here, it's free.
Yahoo
12-02-2025
- Business
- Yahoo
Northwest Pipe Company Receives U.S. Patent for Innovative InfraShield® Joint System
The Company's revolutionary system enhances steel pressure pipe resilience in differential settlement and seismic applications VANCOUVER, Wash., Feb. 12, 2025 /PRNewswire/ -- Northwest Pipe Company (Nasdaq: NWPX), a leading manufacturer of water-related infrastructure, is proud to announce that the United States Patent and Trademark Office has issued U.S. Patent No. 12215817 for the InfraShield® Joint System ("InfraShield®"), an innovative Geohazard Resistant Steel Pipe (GRSP) solution designed to strengthen the resilience of steel pipelines in geologically vulnerable areas without the need for gasketed joints. Manufactured in the USA and backed by rigorous testing, InfraShield® enhances pipeline performance of C200 steel pipe by offering a fully welded, easy-to-install system that ensures leak-free reliability while delivering significant cost savings. The system utilizes a strain-based design to enhance the resiliency of lap-welded steel pipe. A small projection is manufactured into the steel pipe wall which effectively absorbs deformation imposed by differential settlement or seismic activity without over-stressing the lap-welded joint itself. "This patent underscores our commitment to engineering excellence and infrastructure resilience," said Scott Montross, President and CEO of Northwest Pipe Company. "Our in-house engineering team has worked on InfraShield® for several years, resulting in a groundbreaking advancement in steel pipeline technology. This patented solution offers unmatched protection against settlement and geohazards while maintaining the long-term reliability that water utilities and municipalities depend on." InfraShield® is designed to withstand challenging geological conditions, including seismic activity, landslides, and soil movement, making it an essential solution for critical water infrastructure projects. This patented technology reinforces Northwest Pipe Company's leadership in developing advanced water transmission solutions that deliver lasting performance and value. For more information about the InfraShield® Joint System, visit About Northwest Pipe Company – Founded in 1966, Northwest Pipe Company is a leading manufacturer of water-related infrastructure products. In addition to being the largest manufacturer of engineered steel water pipeline systems in North America, the Company manufactures stormwater and wastewater technology products; high-quality precast and reinforced concrete products; pump lift stations; steel casing pipe; bar-wrapped concrete cylinder pipe; and one of the largest offerings of pipeline system joints, fittings, and specialized components. Strategically positioned to meet growing water and wastewater infrastructure needs, Northwest Pipe Company provides solution-based products for a wide range of markets under the ParkUSA, Geneva Pipe and Precast, Permalok®, and Northwest Pipe Company lines. The Company's diverse team is committed to quality and innovation while demonstrating its core values of accountability, commitment, and teamwork. The Company is headquartered in Vancouver, Washington, and has 13 manufacturing facilities across North America. Please visit for more information. Contact:Aaron WilkinsChief Financial OfficerNorthwest Pipe Company360-397-6294 • awilkins@ View original content to download multimedia: SOURCE Northwest Pipe Company Sign in to access your portfolio
