05
Aug
15:21
Margin pressure squeezes Northwest Pipe earnings
Northwest Pipe’s earnings shrank on-year in the second quarter, Kallanish understands.
Northwest earned $2.1 million on sales of $73.8m, down from a profit of $6m on sales of $70m in Q2 2020.
"As we expected, the second quarter continued to be challenging for the steel pressure pipe business. The combination of steel delivery issues, customer-driven delays on existing orders, and the associated bidding pressure that occurred due to the significan…
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Anonymous
Very good overview of the weekly steel market.
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