Why Are Northwest Pipe (NWPX) Shares Soaring Today
Update: 2025-10-31
Description
Northwest Pipe's Q3 earnings surged, beating expectations with earnings of $1.38 per share and revenue of $151.1 million, both up significantly from last year. The company's Water Transmission Systems backlog and confirmed orders indicate steady demand. Despite its typically low volatility, the stock jumped 4% to a new 52-week high following the earnings report. Northwest Pipe has consistently beaten expectations in recent quarters, with earnings and revenue growth, and a successful stock buyback program. The company's shares are up nearly 24% this year, making it a strong performer in the industrial sector.
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