05
Aug
14:27
Northwest Pipe doubles profits in second quarter
US steel pipe producer Northwest Pipe Company doubled its profits on-year during the second quarter, largely due to the company’s acquisition of concrete pipe supplier Geneva Pipe in February, Kallanish reports.
Northwest earned $6 million on sales of $70m during the quarter, up from income of $3m on sales of $69.2m in Q2 2019. About $12.4m of those sales came from Geneva, which Northwest acquired for $49.4m.
Northwest’s Mexican San Luis R…
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Anonymous
Very good overview of the weekly steel market.
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