Northwest Pipe President and CEO Brian Dunham indicated that several recent large orders are “indicative of the strong market we continue to see in the Water Transmission business.”
“In the Tubular Products Group, markets have been slower than expected,” Dunham continued. “We now expect sales volume in the first quarter for this Group to be at approximately the same level as the fourth quarter of 2004. Looking ahead, however, demand has increased each month throughout the quarter and we expect this trend to continue into the second quarter of the year.”