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Northwest Pipe 2Q profit down 28 percent

The Columbian
Published: August 6, 2012, 5:00pm

Vancouver-based Northwest Pipe Co. on Monday reported a profit of $3.6 million, 38 cents per share, for the three-month period ended June 30. That compares with a profit of $5 million, 53 cents per share, for the second quarter of 2011.

The company’s net sales of $131 million were down by 8.9 percent, year-over-year. Although sales and profit were down, CEO Richard Roman said that the company — a maker of steel pipe, primarily for drinking water systems — expects a stronger second half of 2012.

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