Northwest Pipe Plunges 12.15% on Missed Revenue Expectations

On April 11, 2025, Northwest Pipe experienced a significant drop of 12.15% in pre-market trading, reflecting a notable decline in investor sentiment.

Northwest Pipe, a water management company, reported a year-over-year increase in sales of 8.6% to $119.6 million in Q4 CY2024. However, the company fell short of market revenue expectations, which may have contributed to the stock's decline.

Northland Securities recently increased their target price on Northwest Pipe shares from $50.00 to $55.00, maintaining a "market perform" rating. This adjustment suggests a cautious outlook on the company's future performance, which could also influence investor decisions.

In the quarter ending December 30, 2024, Northwest Pipe reported a revenue decrease of 8.12%. This financial performance, coupled with the company's free cash flow decrease for the 2024 fiscal year, may have further impacted investor confidence.