Northwest Pipe sees Water Transmission sales lower than Q1

theflyonthewall.com

Scott Montross, president and CEO of the company stated, "In Q2, we anticipate that Water Transmission will have lower net sales, gross profit and gross profit as a percentage of sales compared with Q1. In Tubular Products we expect to see gross profit levels that are near breakeven as high levels of imports continue to negatively impact segment earnings for the near term."

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