Vancouver-based Northwest Pipe Co. on Monday reported a second-quarter profit of $3.2 million. That compares with a profit of $5.5 million in the April-to-June period in 2013.
The company, which manufactures steel pipe primarily for drinking water systems, posted net sales of $102 million, a year-over-year increase of 16 percent. Scott Montross, president and CEO of Northwest Pipe, said he expects third-quarter financial results to improve as the company sees higher levels of production in its water transmission segment.
Northwest Pipe's stock, which trades as NWPX, closed up 83 cents Monday, at $36.61 per share.