Northwest Pipe Co. (NWPX) 2007年年度报告「NASDAQ」.pdf

1、N O R T H W E S TP I P EC O M P A N YA N N U A LR E P O R T2 0 0 7 Net Income(millions of dollars)Net Sales(millions of dollars)245.0291.9329.0346.6382.83.512.413.420.020.803040506070304050607 Year Ended December 3120072006200520042003Consolidated Statement of Income Data:In thousands,except per sha

2、re amountNet Sales$382,824$346,591$329,006$291,910$244,987Gross Profi t70,21556,71353,79049,29633,228Net Income20,83220,01913,38612,3773,531Gross Margin18.3%16.4%16.3%16.9%13.6%Net Profi t Margin5.4%5.8%4.1%4.2%1.4%Basic Earnings per Share2.322.801.971.870.54Diluted Earnings per Share2.262.691.901.8

3、3 0.53Consolidated Balance Sheet Data:Working capital$181,524$166,743$150,428$97,932$71,023Total Assets453,563424,451338,485335,403280,010Long-term debt,less current portion93,33690,91594,93159,68935,914Stockholders equity256,282230,826159,465144,152131,651Net Sales by Product GroupWater Transmissio

4、n$274,760$244,810$232,102$177,765$146,317Tubular Products95,01984,75680,664102,53590,249Fabricated Products13,04517,02516,24011,6108,421382,824346,591329,006291,910244,987F I N A N C I A LH I G H L I G H T SBy many measures,2007 was a watershed year for Northwest Pipe Company.There were many changes

5、 during the year that will effect our future direction.To start,we had signifi cant changes in our leadership;in January,Terry Mitchell,who ran the Tubular Products Group and had been with us for 21 years,retired.Later in the year,John Murakami,who was our chief fi nancial offi cer and had been with

6、 us for 12 years,retired.And,fi nally,Chuck Koenig,who ran the Water Transmission Operations Group and has been with us for 15 years,announced his retirement.I want to thank each of these individuals on behalf of the Company for the contributions they made over the many years they each dedicated to