Northwest Pipe Company (NASDAQ:NWPX) Q4 2022 Earnings Call Transcript

David Wright: Okay. So that’s not slowing anything down. People aren’t getting distracted?

Scott Montross: No. Not that we can see.

David Wright: Great. That’s my only question. Thanks very much.

Scott Montross: Absolutely. Thanks, David.

Operator: And we have — the end of the question-and-answer session. I’ll turn the call back over to Scott Montross for closing remarks.

Scott Montross: Okay. I’d like to — I’d just like to thank everybody for joining our call today and before we close the call, just to leave you with a few key takeaways. I think the strong second half bidding that we saw last year in steel pressure pipe has really positioned us with really strong momentum going into 2023. Despite the first quarter, we like I said had lot of the same issues that we saw last year in the first quarter. And indications are that, we should continue to be able to carry a relatively strong backlog by historical standards through 2003 — or 2023, excuse me. The precast business, again, is expected to remain fairly strong near term within the Utah market and in the precast related engineered systems market in Texas.

And I think the other thing that, we’ve talked a little bit about on the call is while we expect the precast gross margins may be temporarily impacted by seasonality, severe weather and short-term ERP-related challenges and the impact on the production levels, we continue to believe that, this business is a very strong business as we move into 2023 and beyond. So, I think it’s the reality of it is, is the near-term goals for us continue to be to grow our precast business within the next few years to be the same size as what our steel pressure pipe business is. So I think we have a — after a slow first quarter, a 2023 that looks pretty good. So, I’d like to thank everybody for joining the call. Thank you.

Operator: And this concludes today’s conference, and you may disconnect your lines at this time. Thank you for your participation.