New book by Larry Connors Click here Improve your trading - See how
The Brushy Creek Regional Utility Authority is a partnership of the cities of Cedar Park, Leander and Round Rock, Texas. All three cities have supply contracts with the Lower Colorado River Authority for water from Lake Travis and this project will provide the facilities to access, treat and deliver this water to their customers. Rather than three communities building three separate projects, this regional option affords the partners the opportunity to realize economies of scale by building a single water supply project.
The Company also announced that it will report second quarter financial results on July 29, 2009. "Our Tubular Products Group did not meet our expectations in the second quarter," said Brian Dunham. "Our selling prices for this group continued to decline throughout the quarter instead of leveling off as we had expected. Our average selling price in the second quarter was down approximately 30% from the first quarter. While we are in the process of finalizing our results, obviously this will have a negative effect on both our revenues and gross margins. Effective cost control during the quarter helped to offset this impact. Preliminary results in the Water Transmission Group, in contrast to Tubular Products, are much closer to expectations." The Company will release earnings at 8:00 a.m. Eastern time on the 29th, followed by a conference call scheduled at 11:00 a.m. Eastern time.
Northwest Pipe Company manufactures welded steel pipe and other products in two business groups. Its Water Transmission Group is the leading supplier of large diameter, high-pressure steel pipe products that are used primarily for water infrastructure in North America. Its Tubular Products Group manufactures smaller diameter steel pipe for a wide range of applications including construction, agricultural, energy, traffic and other commercial and industrial uses. The Company is headquartered in Vancouver, Washington and has ten manufacturing facilities across the United States and Mexico.
This release contains forward-looking statements, including statements regarding the project described above and the Company's expectations as to financial results for the quarter ended June 30, 2009. These statements reflect management's current information about the project mentioned above and management's current views and estimates of market circumstances, industry conditions and Company performance. Actual results could vary materially from the description contained herein due to many factors including market demand, operating efficiencies, availability and price of raw materials, changes in preliminary estimates of financial results in connection with finalization of such results and other risks described from time to time in the Company's reports to the Securities and Exchange Commission.
Northwest Pipe will broadcast its Second Quarter 2009 Earnings Release Conference Call on Wednesday, July 29th, 2009 at 8:00 a.m. Pacific Time via live internet webcast.
The conference broadcast can be accessed at the Investor Relations section of the Company's website located at http://www.nwpipe.com. For those unable to attend the live broadcast, a replay will be available at the Investor Relations section of the Company's website or by dialing 866-380-8128 with the pass code 6301 approximately one hour after the event.
For more information, contact: Brian Dunham 360-397-6250
SOURCE: Northwest Pipe Company
More News:
Market Updates |
Stock Alerts |
All Trading News |
Stock Index
About TradingMarkets | Contact | Advertise | Careers | Link to Us | Site Map | Help | Terms & Conditions | Privacy Policy | Return Policy | Testimonials | Feedback
The Connors Group, Inc. ("Company") is not an investment advisory service, nor a registered investment advisor or broker-dealer and does not purport to tell or suggest which securities or currencies customers should buy or sell for themselves. The analysts and employees or affiliates of Company may hold positions in the stocks, currencies or industries discussed here. You understand and acknowledge that there is a very high degree of risk involved in trading securities and/or currencies. The Company, the authors, the publisher, and all affiliates of Company assume no responsibility or liability for your trading and investment results. Factual statements on the Company's website, or in its publications, are made as of the date stated and are subject to change without notice.
It should not be assumed that the methods, techniques, or indicators presented in these products will be profitable or that they will not result in losses. Past results of any individual trader or trading system published by Company are not indicative of future returns by that trader or system, and are not indicative of future returns which be realized by you. In addition, the indicators, strategies, columns, articles and all other features of Company's products (collectively, the "Information") are provided for informational and educational purposes only and should not be construed as investment advice. Examples presented on Company's website are for educational purposes only. Such set-ups are not solicitations of any order to buy or sell. Accordingly, you should not rely solely on the Information in making any investment. Rather, you should use the Information only as a starting point for doing additional independent research in order to allow you to form your own opinion regarding investments. You should always check with your licensed financial advisor and tax advisor to determine the suitability of any investment.
HYPOTHETICAL OR SIMULATED PERFORMANCE RESULTS HAVE CERTAIN INHERENT LIMITATIONS. UNLIKE AN ACTUAL PERFORMANCE RECORD, SIMULATED RESULTS DO NOT REPRESENT ACTUAL TRADING AND MAY NOT BE IMPACTED BY BROKERAGE AND OTHER SLIPPAGE FEES. ALSO, SINCE THE TRADES HAVE NOT ACTUALLY BEEN EXECUTED, THE RESULTS MAY HAVE UNDER- OR OVER-COMPENSATED FOR THE IMPACT, IF ANY, OF CERTAIN MARKET FACTORS, SUCH AS LACK OF LIQUIDITY. SIMULATED TRADING PROGRAMS IN GENERAL ARE ALSO SUBJECT TO THE FACT THAT THEY ARE DESIGNED WITH THE BENEFIT OF HINDSIGHT. NO REPRESENTATION IS BEING MADE THAT ANY ACCOUNT WILL OR IS LIKELY TO ACHIEVE PROFITS OR LOSSES SIMILAR TO THOSE SHOWN.
The Connors Group, Inc.
10 Exchange Place, Suite 1800
Jersey City, NJ 07302
© Copyright 2009 The Connors Group, Inc.
