Financial Highlights (In thousands, except per share amounts) Year Ended December 31, 2000 1999 19981997 1996 Consolidated Statement of Income Data: Net sales $ 240,307 $ 209,516 $ 150,833 $ 135,182 $ 97,715 Gross profit 48,904 41,664 31,117 30,942 19,576 Net income 13,285 12,581 11,100 10,404 5,107 Basic earnings per share 2.06 1.96 1.73 1.92 6.11 Diluted earnings per share 2.01 1.90 5 Consolidated balance sheet data: Working capital $ 56,478$ 54,237 $ 51,051 $ 35,737 $ 22,438 Total assets 248,271 234,151 132,051 101,424 64,454 Long-term debt, less current portion 76,984 76,321 39,944 14,356 12,040 Stockholders’ equity 97,169 83,715 70,779 59,694 33,729 Other: Gross margin 20.3% 19.9% 20.6% 22.9% 20.0% Return on sales 5.5% 6.0% 7.4% 7.7% 5.2% 96 97 9899 00 135.2 150.8 209.5 240.3 281.4 96 97 9899 00 10.4 11.1 12.6 13.3 10.7 96 97 9899 00 89.9 99.3 124.6 137.4 155.1 96 97 9899 00 45.2 51.5 84.9 102.9 126.4 Northwest Pipe Company | 1 Net Sales Tubular Products (millions of dollars) Net Sales Water Transmission (millions of dollars) Net Income (millions of dollars) Net Sales (millions of dollars)