Northwest Pipe Co. on Monday reported a profit of $693,000, or 7 cents per share, for the three months that ended Sept. 30. That compares with a loss of $5.5 million, or 59 cents per share, for the same period a year ago.
The Vancouver-based maker of steel pipes said it had net sales of $112.8 million, up 84 percent from a year ago. Two customers — one in the company’s water transmission segment and the other in its tubular products segment — accounted for 23 percent of net sales in the third quarter of this year.
On Nov. 4, the company, wrestling with accounting errors, revised multiple past financial reports, some going back as far as 2007.
