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Northwest Pipe Announces Major Order

April 14, 2004 — Northwest Pipe Co. has been named as a supplier of approximately $9 million of fabricated carbon and stainless steel pipe and fittings for J.F. Shea Construction of Walnut, Calif. The order is for an Orange County Water District and Orange County Sanitation District joint project.

The material is expected to be manufactured at the company's Adelanto, Calif., division with delivery scheduled to begin in the summer of 2004. The pipe will be used in the Advanced Water Treatment Facility, part of the Groundwater Replenishment System in Orange County. "We are pleased to be involved in this major, technologically advanced project," said Brian Dunham, CEO.

The company also indicated earnings for the first quarter are expected to exceed analysts' expectations. "We were able to increase our capacity utilization in the Water Transmission Group due to some timely projects," said Dunham. "While we still ran at less than optimal levels, we were able to generate higher revenues and earnings during the quarter than previously expected."

Northwest Pipe Co. manufactures welded steel pipe in two business segments. Its Water Transmission Group is a leading supplier of large diameter, high-pressure steel pipe products used primarily for water transmission in the United States and Canada. Its Tubular Products Group manufactures smaller diameter steel pipe for a wide range of construction, agricultural, energy, industrial and mechanical applications. The company is headquartered in Portland, Ore., and operates eleven manufacturing facilities in the United States and Mexico.

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