2024 Q4 Form 10-Q Financial Statement

#000143774924032788 Filed on October 31, 2024

View on sec.gov

Income Statement

Concept 2024 Q4 2024 Q3
Revenue $130.2M
YoY Change 9.67%
Cost Of Revenue $103.2M
YoY Change 3.78%
Gross Profit $27.02M
YoY Change 40.04%
Gross Profit Margin 20.75%
Selling, General & Admin $11.58M
YoY Change 13.13%
% of Gross Profit 42.86%
Research & Development
YoY Change
% of Gross Profit
Depreciation & Amortization $5.157M
YoY Change 27.33%
% of Gross Profit 19.09%
Operating Expenses $11.58M
YoY Change 13.13%
Operating Profit $15.44M
YoY Change 70.45%
Interest Expense $1.452M
YoY Change 24.96%
% of Operating Profit 9.41%
Other Income/Expense, Net -$66.00K
YoY Change 8.2%
Pretax Income $13.92M
YoY Change 77.69%
Income Tax $3.667M
% Of Pretax Income 26.34%
Net Earnings $10.25M
YoY Change 76.23%
Net Earnings / Revenue 7.87%
Basic Earnings Per Share $1.03
Diluted Earnings Per Share $1.02
COMMON SHARES
Basic Shares Outstanding 9.919M 9.919M
Diluted Shares Outstanding 10.06M

Balance Sheet

Concept 2024 Q4 2024 Q3
SHORT-TERM ASSETS
Cash & Short-Term Investments $5.723M
YoY Change 39.59%
Cash & Equivalents $5.723M
Short-Term Investments
Other Short-Term Assets $2.530M
YoY Change -61.67%
Inventory $84.98M
Prepaid Expenses
Receivables $200.5M
Other Receivables $0.00
Total Short-Term Assets $293.7M
YoY Change 10.34%
LONG-TERM ASSETS
Property, Plant & Equipment $149.3M
YoY Change 6.76%
Goodwill $55.50M
YoY Change 0.0%
Intangibles
YoY Change
Long-Term Investments
YoY Change
Other Assets $6.493M
YoY Change 11.11%
Total Long-Term Assets $323.5M
YoY Change 0.18%
TOTAL ASSETS
Total Short-Term Assets $293.7M
Total Long-Term Assets $323.5M
Total Assets $617.2M
YoY Change 4.77%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable $20.36M
YoY Change -34.66%
Accrued Expenses $26.66M
YoY Change 12.08%
Deferred Revenue $28.90M
YoY Change 67.38%
Short-Term Debt $0.00
YoY Change
Long-Term Debt Due $10.76M
YoY Change 0.0%
Total Short-Term Liabilities $91.85M
YoY Change 4.54%
LONG-TERM LIABILITIES
Long-Term Debt $60.70M
YoY Change 4.48%
Other Long-Term Liabilities $9.673M
YoY Change -1.75%
Total Long-Term Liabilities $9.673M
YoY Change -1.75%
TOTAL LIABILITIES
Total Short-Term Liabilities $91.85M
Total Long-Term Liabilities $9.673M
Total Liabilities $254.8M
YoY Change 0.35%
SHAREHOLDERS EQUITY
Retained Earnings $236.2M
YoY Change 14.3%
Common Stock $127.3M
YoY Change -1.64%
Preferred Stock
YoY Change
Treasury Stock (at cost)
YoY Change
Treasury Stock Shares
Shareholders Equity $362.4M
YoY Change
Total Liabilities & Shareholders Equity $617.2M
YoY Change 4.77%

Cashflow Statement

Concept 2024 Q4 2024 Q3
OPERATING ACTIVITIES
Net Income $10.25M
YoY Change 76.23%
Depreciation, Depletion And Amortization $5.157M
YoY Change 27.33%
Cash From Operating Activities $22.74M
YoY Change 34.34%
INVESTING ACTIVITIES
Capital Expenditures $5.975M
YoY Change 23.71%
Acquisitions
YoY Change
Other Investing Activities $1.000K
YoY Change -98.0%
Cash From Investing Activities -$5.974M
YoY Change 25.24%
FINANCING ACTIVITIES
Cash Dividend Paid
YoY Change
Common Stock Issuance & Retirement, Net
YoY Change
Debt Paid & Issued, Net
YoY Change
Cash From Financing Activities -15.57M
YoY Change 27.13%
NET CHANGE
Cash From Operating Activities 22.74M
Cash From Investing Activities -5.974M
Cash From Financing Activities -15.57M
Net Change In Cash 1.195M
YoY Change -1427.78%
FREE CASH FLOW
Cash From Operating Activities $22.74M
Capital Expenditures $5.975M
Free Cash Flow $16.77M
YoY Change 38.58%

Facts In Submission

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201 NE Park Plaza Drive, Suite 100
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DepreciationAndFinanceLeaseRightOfUseAssetAmortization
8644000 usd
us-gaap Amortization Of Intangible Assets
AmortizationOfIntangibleAssets
3024000 usd
us-gaap Amortization Of Intangible Assets
AmortizationOfIntangibleAssets
3147000 usd
us-gaap Deferred Income Tax Expense Benefit
DeferredIncomeTaxExpenseBenefit
-70000 usd
us-gaap Deferred Income Tax Expense Benefit
DeferredIncomeTaxExpenseBenefit
226000 usd
us-gaap Share Based Compensation
ShareBasedCompensation
3836000 usd
us-gaap Share Based Compensation
ShareBasedCompensation
3050000 usd
us-gaap Other Noncash Income Expense
OtherNoncashIncomeExpense
-539000 usd
us-gaap Other Noncash Income Expense
OtherNoncashIncomeExpense
-1298000 usd
us-gaap Increase Decrease In Accounts And Other Receivables
IncreaseDecreaseInAccountsAndOtherReceivables
32267000 usd
us-gaap Increase Decrease In Accounts And Other Receivables
IncreaseDecreaseInAccountsAndOtherReceivables
-4401000 usd
us-gaap Increase Decrease In Contract With Customer Asset
IncreaseDecreaseInContractWithCustomerAsset
-6980000 usd
us-gaap Increase Decrease In Contract With Customer Asset
IncreaseDecreaseInContractWithCustomerAsset
-16165000 usd
us-gaap Increase Decrease In Inventories
IncreaseDecreaseInInventories
-6252000 usd
us-gaap Increase Decrease In Inventories
IncreaseDecreaseInInventories
12064000 usd
us-gaap Increase Decrease In Prepaid Deferred Expense And Other Assets
IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets
-10832000 usd
us-gaap Increase Decrease In Prepaid Deferred Expense And Other Assets
IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets
-7417000 usd
us-gaap Increase Decrease In Accounts Payable
IncreaseDecreaseInAccountsPayable
-10517000 usd
us-gaap Increase Decrease In Accounts Payable
IncreaseDecreaseInAccountsPayable
4974000 usd
us-gaap Increase Decrease In Accrued Liabilities And Other Operating Liabilities
IncreaseDecreaseInAccruedLiabilitiesAndOtherOperatingLiabilities
-5046000 usd
us-gaap Increase Decrease In Accrued Liabilities And Other Operating Liabilities
IncreaseDecreaseInAccruedLiabilitiesAndOtherOperatingLiabilities
-8477000 usd
us-gaap Net Cash Provided By Used In Operating Activities
NetCashProvidedByUsedInOperatingActivities
18928000 usd
us-gaap Net Cash Provided By Used In Operating Activities
NetCashProvidedByUsedInOperatingActivities
44409000 usd
us-gaap Payments To Acquire Property Plant And Equipment
PaymentsToAcquirePropertyPlantAndEquipment
16609000 usd
us-gaap Payments To Acquire Property Plant And Equipment
PaymentsToAcquirePropertyPlantAndEquipment
13244000 usd
nwpx Payment Of Working Capital Adjustment In Business Acquisition
PaymentOfWorkingCapitalAdjustmentInBusinessAcquisition
-0 usd
nwpx Payment Of Working Capital Adjustment In Business Acquisition
PaymentOfWorkingCapitalAdjustmentInBusinessAcquisition
2731000 usd
us-gaap Payments For Proceeds From Other Investing Activities
PaymentsForProceedsFromOtherInvestingActivities
-62000 usd
us-gaap Payments For Proceeds From Other Investing Activities
PaymentsForProceedsFromOtherInvestingActivities
-63000 usd
us-gaap Net Cash Provided By Used In Investing Activities
NetCashProvidedByUsedInInvestingActivities
-16547000 usd
us-gaap Net Cash Provided By Used In Investing Activities
NetCashProvidedByUsedInInvestingActivities
-15912000 usd
us-gaap Proceeds From Lines Of Credit
ProceedsFromLinesOfCredit
142883000 usd
us-gaap Proceeds From Lines Of Credit
ProceedsFromLinesOfCredit
113047000 usd
us-gaap Repayments Of Lines Of Credit
RepaymentsOfLinesOfCredit
136664000 usd
us-gaap Repayments Of Lines Of Credit
RepaymentsOfLinesOfCredit
138667000 usd
us-gaap Finance Lease Principal Payments
FinanceLeasePrincipalPayments
1067000 usd
us-gaap Finance Lease Principal Payments
FinanceLeasePrincipalPayments
548000 usd
us-gaap Payments Related To Tax Withholding For Share Based Compensation
PaymentsRelatedToTaxWithholdingForShareBasedCompensation
1449000 usd
us-gaap Payments Related To Tax Withholding For Share Based Compensation
PaymentsRelatedToTaxWithholdingForShareBasedCompensation
1652000 usd
us-gaap Payments For Repurchase Of Common Stock
PaymentsForRepurchaseOfCommonStock
4429000 usd
us-gaap Payments For Repurchase Of Common Stock
PaymentsForRepurchaseOfCommonStock
-0 usd
us-gaap Proceeds From Payments For Other Financing Activities
ProceedsFromPaymentsForOtherFinancingActivities
0 usd
us-gaap Proceeds From Payments For Other Financing Activities
ProceedsFromPaymentsForOtherFinancingActivities
-300000 usd
us-gaap Net Cash Provided By Used In Financing Activities
NetCashProvidedByUsedInFinancingActivities
-726000 usd
us-gaap Net Cash Provided By Used In Financing Activities
NetCashProvidedByUsedInFinancingActivities
-28120000 usd
us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Period Increase Decrease Including Exchange Rate Effect
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect
1655000 usd
us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Period Increase Decrease Including Exchange Rate Effect
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect
377000 usd
CY2023Q4 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Including Disposal Group And Discontinued Operations
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsIncludingDisposalGroupAndDiscontinuedOperations
4068000 usd
CY2022Q4 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Including Disposal Group And Discontinued Operations
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsIncludingDisposalGroupAndDiscontinuedOperations
3681000 usd
CY2024Q3 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Including Disposal Group And Discontinued Operations
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsIncludingDisposalGroupAndDiscontinuedOperations
5723000 usd
CY2023Q3 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Including Disposal Group And Discontinued Operations
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsIncludingDisposalGroupAndDiscontinuedOperations
4058000 usd
us-gaap Capital Expenditures Incurred But Not Yet Paid
CapitalExpendituresIncurredButNotYetPaid
514000 usd
us-gaap Capital Expenditures Incurred But Not Yet Paid
CapitalExpendituresIncurredButNotYetPaid
528000 usd
us-gaap Right Of Use Asset Obtained In Exchange For Finance Lease Liability
RightOfUseAssetObtainedInExchangeForFinanceLeaseLiability
269000 usd
us-gaap Right Of Use Asset Obtained In Exchange For Finance Lease Liability
RightOfUseAssetObtainedInExchangeForFinanceLeaseLiability
3243000 usd
us-gaap Right Of Use Asset Obtained In Exchange For Operating Lease Liability
RightOfUseAssetObtainedInExchangeForOperatingLeaseLiability
481000 usd
us-gaap Right Of Use Asset Obtained In Exchange For Operating Lease Liability
RightOfUseAssetObtainedInExchangeForOperatingLeaseLiability
952000 usd
us-gaap Number Of Operating Segments
NumberOfOperatingSegments
2 pure
nwpx Number Of Manufacturing Facilities
NumberOfManufacturingFacilities
13 pure
CY2024Q3 us-gaap Inventory Raw Materials Net Of Reserves
InventoryRawMaterialsNetOfReserves
61552000 usd
CY2023Q4 us-gaap Inventory Raw Materials Net Of Reserves
InventoryRawMaterialsNetOfReserves
68110000 usd
CY2024Q3 us-gaap Inventory Work In Process Net Of Reserves
InventoryWorkInProcessNetOfReserves
8293000 usd
CY2023Q4 us-gaap Inventory Work In Process Net Of Reserves
InventoryWorkInProcessNetOfReserves
8912000 usd
CY2024Q3 us-gaap Inventory Finished Goods Net Of Reserves
InventoryFinishedGoodsNetOfReserves
12660000 usd
CY2023Q4 us-gaap Inventory Finished Goods Net Of Reserves
InventoryFinishedGoodsNetOfReserves
11911000 usd
CY2024Q3 us-gaap Inventory Supplies Net Of Reserves
InventorySuppliesNetOfReserves
2472000 usd
CY2023Q4 us-gaap Inventory Supplies Net Of Reserves
InventorySuppliesNetOfReserves
2296000 usd
CY2024Q3 us-gaap Inventory Net
InventoryNet
84977000 usd
CY2023Q4 us-gaap Inventory Net
InventoryNet
91229000 usd
us-gaap Other Comprehensive Income Loss Cash Flow Hedge Gain Loss Before Reclassification And Tax
OtherComprehensiveIncomeLossCashFlowHedgeGainLossBeforeReclassificationAndTax
0 usd
nwpx Number Of Active Stock Incentive Plans
NumberOfActiveStockIncentivePlans
1 pure
CY2024Q3 us-gaap Allocated Share Based Compensation Expense
AllocatedShareBasedCompensationExpense
1162000 usd
CY2023Q3 us-gaap Allocated Share Based Compensation Expense
AllocatedShareBasedCompensationExpense
746000 usd
us-gaap Allocated Share Based Compensation Expense
AllocatedShareBasedCompensationExpense
3836000 usd
us-gaap Allocated Share Based Compensation Expense
AllocatedShareBasedCompensationExpense
3050000 usd
CY2024Q3 us-gaap Letters Of Credit Outstanding Amount
LettersOfCreditOutstandingAmount
1600000 usd
CY2024Q3 us-gaap Contract With Customer Liability Cumulative Catch Up Adjustment To Revenue Change In Estimate Of Transaction Price
ContractWithCustomerLiabilityCumulativeCatchUpAdjustmentToRevenueChangeInEstimateOfTransactionPrice
800000 usd
us-gaap Contract With Customer Liability Cumulative Catch Up Adjustment To Revenue Change In Estimate Of Transaction Price
ContractWithCustomerLiabilityCumulativeCatchUpAdjustmentToRevenueChangeInEstimateOfTransactionPrice
3100000 usd
CY2023Q3 us-gaap Contract With Customer Liability Cumulative Catch Up Adjustment To Revenue Change In Estimate Of Transaction Price
ContractWithCustomerLiabilityCumulativeCatchUpAdjustmentToRevenueChangeInEstimateOfTransactionPrice
-800000 usd
CY2024Q3 us-gaap Revenue From Contract With Customer Including Assessed Tax
RevenueFromContractWithCustomerIncludingAssessedTax
130201000 usd
CY2023Q3 us-gaap Revenue From Contract With Customer Including Assessed Tax
RevenueFromContractWithCustomerIncludingAssessedTax
118722000 usd
us-gaap Revenue From Contract With Customer Including Assessed Tax
RevenueFromContractWithCustomerIncludingAssessedTax
372921000 usd
us-gaap Revenue From Contract With Customer Including Assessed Tax
RevenueFromContractWithCustomerIncludingAssessedTax
334191000 usd
CY2023Q4 us-gaap Contract With Customer Asset Net
ContractWithCustomerAssetNet
120516000 usd
CY2022Q4 us-gaap Contract With Customer Asset Net
ContractWithCustomerAssetNet
121778000 usd
nwpx Contract With Customer Asset Revenue Recognized
ContractWithCustomerAssetRevenueRecognized
220632000 usd
nwpx Contract With Customer Asset Revenue Recognized
ContractWithCustomerAssetRevenueRecognized
192558000 usd
nwpx Contract With Customer Asset Billings
ContractWithCustomerAssetBillings
-220060000 usd
nwpx Contract With Customer Asset Billings
ContractWithCustomerAssetBillings
-207436000 usd
nwpx Contract With Customer Asset Other
ContractWithCustomerAssetOther
-105000 usd
nwpx Contract With Customer Asset Other
ContractWithCustomerAssetOther
-1480000 usd
CY2024Q3 us-gaap Contract With Customer Asset Net
ContractWithCustomerAssetNet
120983000 usd
CY2023Q3 us-gaap Contract With Customer Asset Net
ContractWithCustomerAssetNet
105420000 usd
CY2023Q4 us-gaap Contract With Customer Liability
ContractWithCustomerLiability
21450000 usd
CY2022Q4 us-gaap Contract With Customer Liability
ContractWithCustomerLiability
17456000 usd
nwpx Contract With Customer Liability Billings
ContractWithCustomerLiabilityBillings
42333000 usd
nwpx Contract With Customer Liability Billings
ContractWithCustomerLiabilityBillings
28544000 usd
us-gaap Contract With Customer Liability Revenue Recognized
ContractWithCustomerLiabilityRevenueRecognized
-34822000 usd
us-gaap Contract With Customer Liability Revenue Recognized
ContractWithCustomerLiabilityRevenueRecognized
-28736000 usd
nwpx Contract With Customer Liability Other
ContractWithCustomerLiabilityOther
-64000 usd
nwpx Contract With Customer Liability Other
ContractWithCustomerLiabilityOther
0 usd
CY2024Q3 us-gaap Contract With Customer Liability
ContractWithCustomerLiability
28897000 usd
CY2023Q3 us-gaap Contract With Customer Liability
ContractWithCustomerLiability
17264000 usd
CY2024Q3 us-gaap Revenue Remaining Performance Obligation
RevenueRemainingPerformanceObligation
231000000 usd
CY2024Q3 us-gaap Revenue Remaining Performance Obligation Percentage
RevenueRemainingPerformanceObligationPercentage
0.33 pure
CY2024Q3 us-gaap Revenue Remaining Performance Obligation Percentage
RevenueRemainingPerformanceObligationPercentage
0.51 pure
CY2024Q3 us-gaap Effective Income Tax Rate Continuing Operations
EffectiveIncomeTaxRateContinuingOperations
0.263 pure
us-gaap Effective Income Tax Rate Continuing Operations
EffectiveIncomeTaxRateContinuingOperations
0.263 pure
CY2023Q3 us-gaap Effective Income Tax Rate Continuing Operations
EffectiveIncomeTaxRateContinuingOperations
0.257 pure
us-gaap Effective Income Tax Rate Continuing Operations
EffectiveIncomeTaxRateContinuingOperations
0.266 pure
CY2024Q3 us-gaap Net Income Loss
NetIncomeLoss
10253000 usd
CY2023Q3 us-gaap Net Income Loss
NetIncomeLoss
5818000 usd
us-gaap Net Income Loss
NetIncomeLoss
24110000 usd
us-gaap Net Income Loss
NetIncomeLoss
15628000 usd
CY2024Q3 us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
9919000
CY2023Q3 us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
10014000
us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
9915000
us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
9985000
CY2024Q3 us-gaap Weighted Average Number Diluted Shares Outstanding Adjustment
WeightedAverageNumberDilutedSharesOutstandingAdjustment
136000
CY2023Q3 us-gaap Weighted Average Number Diluted Shares Outstanding Adjustment
WeightedAverageNumberDilutedSharesOutstandingAdjustment
93000
us-gaap Weighted Average Number Diluted Shares Outstanding Adjustment
WeightedAverageNumberDilutedSharesOutstandingAdjustment
125000
us-gaap Weighted Average Number Diluted Shares Outstanding Adjustment
WeightedAverageNumberDilutedSharesOutstandingAdjustment
103000
CY2024Q3 us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
10055000
CY2023Q3 us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
10107000
us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
10040000
us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
10088000
CY2024Q3 us-gaap Earnings Per Share Basic
EarningsPerShareBasic
1.03
CY2023Q3 us-gaap Earnings Per Share Basic
EarningsPerShareBasic
0.58
us-gaap Earnings Per Share Basic
EarningsPerShareBasic
2.43
us-gaap Earnings Per Share Basic
EarningsPerShareBasic
1.57
CY2024Q3 us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
1.02
CY2023Q3 us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
0.58
us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
2.4
us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
1.55
CY2024Q3 ecd Trd Arr Securities Agg Avail Amt
TrdArrSecuritiesAggAvailAmt
2500

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