Northwest Pipe Co. has seen an increase in its net sales, gross profits and net income since this time last year, according to its latest quarterly report.
The east Vancouver-based company had a 60.6 percent increase in net sales since the second quarter of 2021; that was an increase from $73.8 million to $118.5 million. Gross profits rose by 152.5 percent from $9.5 million to $24.1 million. Net income, meanwhile, increased to $9.7 million compared with $2.1 million over the same period of time.
The company trades on the Nasdaq market as NWPX. Its stock closed Wednesday at $31.34.
