05
May
19:13
Northwest Pipe reports loss in Q1
Vancouver, Washington-based Northwest Pipe’s strategy of retreating to its core water transmission business has yet to pull the company into the black, Kallanish learns from the company’s first-quarter earnings review.
Northwest posted a net loss of $9.6 million on sales of $33.9m in the quarter ended 31 March. In Q1 last year, the company posted a net loss of $2.1m on sales of $84.9m.
The company has been in the process of shuttering and liquidat…
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Very good overview of the weekly steel market.
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