04
Aug
18:37
Northwest keeps trimming costs, raising cash
Northwest Pipe plans to continue its cost-cutting and cash-raising efforts to better withstand difficult tubular market conditions, Kallanish learns from the company’s second-quarter earnings conference call.
In the last 18 months, Northwest has trimmed its core business head count by -24%; its selling, general and administrative head count by -34%; and its total man hours for light jobs by -16%, says ceo Scott Montross.
Additionally, the company shutte…
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Anonymous
Very good overview of the weekly steel market.
Anonymous