Northwest Pipe Company Posts Record Revenues Returning to Profitability in 2011

by tubelinks on 05/01/2012 - 05:04 am

Tag: Press Release

Welded steel pipe company Northwest Pipe Company announced on Friday its net income of USD12.7m (USD1.35 earnings per diluted share) in 2011.   This marks a growth when compared to a net loss of USD5.4m (USD0.59 loss per diluted share) in 2010.

For the year ended 31 December 2011, net sales were reported as USD511.7m, up 32.3% when compared to net sales of USD386.8m in the year ended 31 December 2010.

The company added the net sales in 2011 were the highest ever, exceeding the previous high of USD451.4m in 2008.