Date:2013-05-23 15:17
Welded steel pipe maker Northwest Pipe Co. ( NWPX ) posted first-quarter 2013 earnings of $1.00 per share, outpacing the Zacks Consensus Estimate of 30 cents and exceeding the year-ago quarter's earnings of 50 cents. Profit roughly doubled year over year to $9.5 million on strength in the company's Water Transmission unit.
Revenues, however, inched down roughly 1% year over year to $140.6 million as solid gains in Northwest Pipe's Water Transmission division was offset by a decline in the Tubula