VANCOUVER — Vancouver-based Northwest Pipe Co. on Wednesday posted a $9.6 million loss for first-quarter 2016 as sales dropped 60 percent compared to the first quarter of 2015. The water pipe manufacturer, traded as NWPX, had $33.9 million in sales this quarter compared to $84.9 million in the first-quarter 2015.
The net lost in the quarter ended March 31 translates to $1 per diluted share. Northwest Pipe saw its stock tick up 2.4 percent to end Wednesday at $10.18.