NWPX Infrastructure Inc (NWPX)

NWPX Infrastructure Announces First Quarter 2026 Financial ResultsApril 29, 2026 4:15 PM
PR Newswire (US)

Net sales of $138.3 million, an increase of 19.1% year-over-year, and record first quarter gross profit of $26.7 million, an increase of 37.7% year-over-yearRecord first quarter Water Transmission Systems segment ("WTS") net sales of $93.5 million, an increase of 19.1% year-over-year, and gross profit of $17.3 million, an increase of 42.3% year-over-yearRecord first quarter Precast Infrastructure and Engineered Systems segment ("Precast") net sales of $44.8 million, an increase of 18.9% year-over-year, and record first quarter gross profit of $9.3 million, an increase of 30.0% year-over-yearRecord first quarter net income of $10.5 million, or $1.08 per diluted shareRecord WTS backlog1 of $373 million; record backlog including confirmed orders2 of $430 millionPrecast order book3 of $55 millionRepurchased $2.2 million of common stockVANCOUVER, Wash., April 29, 2026 /PRNewswire/ -- NWPX Infrastructure, Inc. (NASDAQ: NWPX) ("NWPX Infrastructure" and the "Company"), a leading manufacturer of water-related infrastructure products, today announced its financial results for the first quarter ended March 31, 2026. The Company will broadcast its first quarter 2026 earnings conference call on Thursday, April 30, 2026 at 7:00 a.m. PT.







Management Commentary"We delivered a strong start to 2026 with first quarter results reflecting meaningful growth and margin expansion across both of our segments," said Scott Montross, President and Chief Executive Officer of NWPX Infrastructure. "Consolidated revenue increased 19% year-over-year to $138.3 million, while gross profit grew nearly 38%, highlighting the operating leverage in our model and continued execution across the organization."Mr. Montross continued, "Our Water Transmission Systems segment generated $93.5 million in revenue, up 19% from the prior year, supported by solid project execution, gross margin expansion of approximately 300 basis points, and a record backlog including confirmed orders of $430 million. In Precast, revenue increased nearly 19% year-over-year, with margin expansion of approximately 180 basis points, reflecting both operational improvements and sustained demand."Mr. Montross concluded, "Looking ahead, we believe 2026 is shaping up to be a historic year for NWPX Infrastructure. Continued momentum in our Precast segment, combined with strong bidding activity and the addition of a significant, previously unplanned project in our Water Transmission Systems segment, gives us increasing confidence in our outlook. These factors position the Company to deliver record results for both revenue and profitability in 2026."First Quarter 2026 Financial ResultsConsolidatedNet sales increased 19.1% to $138.3 million from $116.1 million in the first quarter of 2025.Gross profit increased 37.7% to $26.7 million, or 19.3% of net sales, from $19.4 million, or 16.7% of net sales, in the first quarter of 2025.Net income was $10.5 million, or $1.08 per diluted share, compared to $4.0 million, or $0.39 per diluted share, in the first quarter of 2025.Water Transmission Systems Segment (WTS)WTS net sales increased 19.1% to $93.5 million from $78.4 million in the first quarter of 2025 driven by an 18% increase in tons produced resulting from changes in project timing and a 1% increase in selling price per ton due to changes in product mix.WTS gross profit increased 42.3% to $17.3 million, or 18.5% of WTS net sales, from $12.2 million, or 15.5% of WTS net sales, in the first quarter of 2025 due to increased volume, including related operational efficiency gains, and favorable changes in product mix.WTS backlog was $373 million as of March 31, 2026, compared to $234 million as of December 31, 2025, and $203 million as of March 31, 2025. Backlog including confirmed orders was $430 million as of March 31, 2026, compared to $346 million as of December 31, 2025, and $289 million as of March 31, 2025.Precast Infrastructure and Engineered Systems Segment (Precast)Precast net sales increased 18.9% to $44.8 million from $37.7 million in the first quarter of 2025 driven by a 14% increase in selling prices due to changes in product mix and a 4% increase in volume shipped.Precast gross profit increased 30.0% to $9.3 million, or 20.9% of Precast net sales, from $7.2 million, or 19.1% of Precast net sales, in the first quarter of 2025 primarily due to increased selling prices due to changes in product mix and increased volume.Precast order book was $55 million as of March 31, 2026, compared to $57 million as of December 31, 2025, and $64 million as of March 31, 2025.Balance Sheet, Cash Flow, and Capital AllocationAs of March 31, 2026, the Company had no outstanding revolving loan borrowings and additional borrowing capacity of approximately $124 million under the revolving credit facility.Net cash provided by operating activities was $29.3 million in the first quarter of 2026 compared to $4.8 million in the first quarter of 2025 primarily due to a $17.6 million increase in cash from changes in working capital and a $6.8 million increase in net income adjusted for noncash items.Capital expenditures were $3.5 million in the first quarter of 2026 compared to $3.7 million in the first quarter of 2025.The Company repurchased approximately 33,000 shares of its common stock at an average price of $67.17 per share for a total of $2.2 million during the first quarter of 2026 pursuant to a Rule 10b5-1 trading plan.__________1 NWPX Infrastructure defines "backlog" as the balance of remaining performance obligations under signed contracts for Water Transmission Systems products for which revenue is recognized over time.2 NWPX Infrastructure defines "confirmed orders" as Water Transmission Systems projects for which the Company has been notified that it is the successful bidder, but a binding agreement has not been executed.3 NWPX Infrastructure defines "order book" as unfulfilled orders outstanding at the measurement date for its Precast Infrastructure and Engineered Systems segment.Conference Call DetailsA conference call and simultaneous webcast to discuss the Company's first quarter 2026 financial results will be held on Thursday, April 30, 2026, at 7:00 a.m. Pacific Time. The call will be broadcast live on the Investor Relations section of the Company's website at investor.nwpx.com and will be archived online upon completion of the conference call. For those unable to listen to the live call, a replay will be available approximately three hours after the event and will remain available until Thursday, May 14, 2026, by dialing 1-844-512-2921 in the U.S. or 1-412-317-6671 internationally and entering the replay access code: 13759703.About NWPX InfrastructureFounded in 1966, NWPX Infrastructure, Inc. is a leading manufacturer of water-related infrastructure products. The WTS segment is the largest manufacturer of engineered water transmission systems in North America and produces steel casing pipe, bar-wrapped concrete cylinder pipe, and pipeline system joints and fittings. The Precast segment provides solution-based products for a wide range of markets including high-quality reinforced precast concrete products, lined precast sanitary sewer system structures, water distribution and management equipment including pump lift stations, wastewater pretreatment, and stormwater quality products. The Precast segment has broadened its manufacturing footprint by bringing lined and engineered precast products into production at additional facilities, increasing capacity and improving regional availability. The Company's skilled team is committed to quality and innovation while upholding its core values of accountability, commitment, and teamwork. Headquartered in Vancouver, Washington, the Company operates 14 manufacturing facilities across North America. For more information, please visit www.nwpx.com.Forward-Looking StatementsStatements in this press release by Scott Montross contain "forward-looking statements" within the meaning of the Private Securities Litigation Reform Act of 1995 and Section 21E of the Securities Exchange Act of 1934, as amended, that are based on current expectations, estimates, and projections about the Company's business, management's beliefs, and assumptions made by management. These statements are not guarantees of future performance and involve risks and uncertainties that are difficult to predict. Therefore, actual outcomes and results may differ materially from what is expressed or forecasted in such forward-looking statements as a result of a variety of important factors. While it is impossible to identify all such factors, those that could cause actual results to differ materially from those estimated by the Company include changes in demand and market prices for its products, product mix, bidding activity and order modifications or cancelations, timing of customer orders and deliveries, production schedules, price and availability of raw materials and other costs central to producing and shipping our products, excess or shortage of production capacity, product quality assurance failures that result in decreased sales and operating margin, product returns, product liability, warranty, or other claims, international trade policy and regulations, changes in trade policy (in particular with Canada and Mexico) and duties imposed on imports and exports and the related impacts on the Company, economic uncertainty and associated trends in macroeconomic conditions, including potential recession, inflation, and the state of the housing and commercial construction markets, interest rate risk and changes in market interest rates, including the impact on the Company's customers and related demand for its products, the Company's ability to identify and complete internal initiatives and/or acquisitions in order to grow its business, the Company's ability to effectively integrate future acquisitions into its business and operations that produce accretive financial results, effects of security breaches, computer viruses, and cybersecurity incidents, increased use of artificial intelligence by us and our competitors, as well as related legal and regulatory requirements, timing and amount of share repurchases, impacts of U.S. tax reform legislation on the Company's results of operations, and the impact on its customers and related demand for its products, delays or reductions in state or local government spending due to revisions to federal appropriations brought on by policy changes, staffing levels or the inability to pass budget reconciliation legislation, adequacy of the Company's insurance coverage, supply chain challenges, the Company's ability to attract and retain talented employees, impact of geopolitical trends, changes, and events, including the various military conflicts or tensions and the regional and global ramifications of these conditions, operating problems at the Company's manufacturing operations including fires, explosions, inclement weather, and floods and other natural disasters, effectiveness of future implementations or conversions of enterprise resource planning or other key systems, material weaknesses in the Company's internal control over financial reporting and its ability to remediate such weaknesses, impacts of pandemics, epidemics, or other public health emergencies, and other risks discussed in the Company's Annual Report on Form 10-K for the year ended December 31, 2025 and from time to time in its other Securities and Exchange Commission filings and reports. Such forward-looking statements speak only as of the date on which they are made, and the Company does not undertake any obligation to update any forward-looking statement to reflect events or circumstances after the date of this release. If the Company does update or correct one or more forward-looking statements, investors and others should not conclude that it will make additional updates or corrections with respect thereto or with respect to other forward-looking statements.Non-GAAP Financial MeasuresThe Company is presenting backlog including confirmed orders. This non-GAAP financial measure is provided to better enable investors and others to assess the Company's ongoing operating results and compare them with its competitors. This should be considered a supplement to, and not a substitute for, or superior to, financial measures calculated in accordance with GAAP.For more information, visit www.nwpx.com.Contact:
Aaron Wilkins
Chief Financial Officer
NWPX Infrastructure
investors@nwpx.comOrAddo Investor Relations
nwpx@addo.comNWPX INFRASTRUCTURE, INC. AND SUBSIDIARIESCONDENSED CONSOLIDATED STATEMENTS OF OPERATIONS(Unaudited)(In thousands, except per share amounts)


Three Months Ended March 31,


2026

2025
Net sales:







Water Transmission Systems
$93,453

$78,446
Precast Infrastructure and Engineered Systems

44,801


37,669
Total net sales

138,254


116,115









Cost of sales:







Water Transmission Systems

76,134


66,272
Precast Infrastructure and Engineered Systems

35,455


30,478
Total cost of sales

111,589


96,750









Gross profit:







Water Transmission Systems

17,319


12,174
Precast Infrastructure and Engineered Systems

9,346


7,191
Total gross profit

26,665


19,365









Selling, general, and administrative expense

14,008


13,796
Operating income

12,657


5,569
Other income

229


7
Interest expense

(348)


(635)
Income before income taxes

12,538


4,941
Income tax expense

2,004


977
Net income
$10,534

$3,964









Net income per share:







Basic
$1.10

$0.40
Diluted
$1.08

$0.39









Shares used in per share calculations:







Basic

9,578


9,933
Diluted

9,790


10,117
 NWPX INFRASTRUCTURE, INC. AND SUBSIDIARIESCONDENSED CONSOLIDATED BALANCE SHEETS(Unaudited)(In thousands)


March 31, 2026

December 31, 2025
Assets







Current assets:







Cash and cash equivalents
$14,262

$2,273
Trade and other receivables, net

96,739


78,171
Contract assets

113,190


91,036
Inventories

69,795


74,287
Prepaid expenses and other

5,177


5,665
Total current assets

299,163


251,432
Property and equipment, net

163,640


157,509
Operating lease right-of-use assets

87,301


86,894
Goodwill

55,504


55,504
Intangible assets, net

23,475


23,008
Other assets

5,057


5,283
Total assets
$634,140

$579,630









Liabilities and Stockholders' Equity







Current liabilities:







Current portion of long-term debt
$2,994

$2,994
Accounts payable

27,894


22,190
Accrued liabilities

24,644


27,743
Contract liabilities

50,859


8,794
Current portion of operating lease liabilities

5,153


4,829
Total current liabilities

111,544


66,550
Borrowings on line of credit

-


276
Long-term debt

7,734


8,482
Operating lease liabilities

86,552


86,223
Deferred income taxes

13,276


12,484
Other long-term liabilities

11,306


10,832
Total liabilities

230,412


184,847









Stockholders' equity:







Common stock

96


96
Additional paid-in-capital

111,315


113,088
Retained earnings

292,276


281,742
Accumulated other comprehensive income (loss)

41


(143)
Total stockholders' equity

403,728


394,783
Total liabilities and stockholders' equity
$634,140

$579,630
 NWPX INFRASTRUCTURE, INC. AND SUBSIDIARIESCONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS(Unaudited)(In thousands)

Three Months Ended March 31,


2026

2025
Cash flows from operating activities:







Net income
$10,534

$3,964
Adjustments to reconcile net income to net cash provided by operating activities:







Depreciation and finance lease amortization

3,744


3,413
Amortization of intangible assets

1,029


1,008
Share-based compensation expense

1,304


1,138
Noncash operating lease expense

1,518


1,434
Deferred income taxes

791


744
Other, net

(74)


326
Changes in operating assets and liabilities:







Trade and other receivables

(17,803)


6,652
Contract assets, net

19,911


(3,436)
Inventories

6,390


(914)
Prepaid expenses and other assets

726


1,040
Accounts payable

5,718


(2,978)
Accrued and other liabilities

(3,251)


(6,364)
Operating lease liabilities

(1,272)


(1,179)
Net cash provided by operating activities

29,265


4,848









Cash flows from investing activities:







Purchases of property and equipment

(3,469)


(3,670)
Acquisition of business, net of cash acquired

(8,853)


-
Other investing activities

19


-
Net cash used in investing activities

(12,303)


(3,670)









Cash flows from financing activities:







Borrowings on line of credit

1,239


39,521
Repayments on line of credit

(1,515)


(38,665)
Payments on other debt

(750)


(750)
Payments on finance lease liabilities

(648)


(386)
Tax withholdings related to net share settlements of equity awards

(883)


(620)
Repurchase of common stock

(2,416)


-
Net cash used in financing activities

(4,973)


(900)









Change in cash and cash equivalents

11,989


278
Cash and cash equivalents, beginning of period

2,273


5,007
Cash and cash equivalents, end of period
$14,262

$5,285 



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Original: NWPX Infrastructure Announces First Quarter 2026 Financial Results

NWPX Infrastructure Announces Fourth Quarter and Full Year 2025 Financial ResultsFebruary 25, 2026 4:15 PM
PR Newswire (US)

Fourth Quarter 2025 Highlights:Net sales of $125.6 million, a Company fourth quarter record under its current operating segments, increased 5.0% year-over-yearGross profit of $26.8 million, a Company fourth quarter record, increased 19.2% year-over-yearWater Transmission Systems segment ("WTS") backlog1 of $234 million; WTS backlog including confirmed orders2 of $346 millionPrecast Infrastructure and Engineered Systems segment ("Precast") order book3 of $57 millionFull Year 2025 Highlights:Record net sales of $526.0 million increased 6.8% year-over-yearRecord net sales for WTS and Precast segmentsRecord gross profit of $103.6 million increased 8.6% year-over-yearRecord gross profit for WTS of $67.1 million increased 7.2% year-over-yearRecord net income of $35.4 million, or $3.56 per diluted shareStrong net cash provided by operating activities of $67.3 millionRecord safety performance; total recordable incident rate of 1.06VANCOUVER, Wash., Feb. 25, 2026 /PRNewswire/ -- NWPX Infrastructure, Inc. (NASDAQ: NWPX) ("NWPX Infrastructure" and the "Company"), a leading manufacturer of water-related infrastructure products, today announced its financial results for the fourth quarter and full year ended December 31, 2025. The Company will broadcast its fourth quarter and full year 2025 earnings conference call on Thursday, February 26, 2026 at 7:00 a.m. PT.







Management Commentary"We delivered an exceptional fourth quarter with WTS revenue of $84.0 million and a healthy gross margin of 21.2%," said Scott Montross, President and Chief Executive Officer of NWPX Infrastructure. "Robust bidding activity increased our WTS backlog including confirmed orders to $346 million, positioning us well for continued momentum in 2026. Precast also performed well, generating $41.7 million in revenue and a 21.5% gross margin, reflecting improvement both sequentially and compared against the year ago quarter. The Precast order book ended the year at a stable $57 million, providing solid visibility in 2026."Mr. Montross continued, "For the full year, we achieved record financial performance driven by disciplined execution, operational improvements across our facilities, and sustained demand in our end markets. WTS generated record revenue of $350.9 million and record gross profit of $67.1 million, while Precast delivered record revenue of $175.1 million and gross profit of $36.5 million. Consolidated gross profit also reached a record $103.6 million. We produced $67.3 million in operating cash flow and $35.4 million in net income, or $3.56 per diluted share, demonstrating the strength, consistency, and quality of our earnings. We are also excited to announce that we have acquired Boughton, a single-site precast business in Pueblo, Colorado, establishing a strategic foothold in a market with meaningful long-term growth potential. Most importantly, we delivered another record safety year with a record total recordable incident rate of 1.06, reflecting our culture and belief that operational excellence begins with protecting the well-being of our employees."Mr. Montross concluded, "As we enter 2026, we do so with a strong WTS backlog, elevated first quarter bidding levels, and a stable Precast order book with improving margins. While normal weather-related seasonality is expected in WTS in the first quarter, we anticipate full year bidding activity to be consistent with 2025 levels. In Precast, demand remains solid, and our order book supports continued progress in revenue and margin performance. As a result, we expect the first quarter to be stronger than in recent years and believe we are well-positioned to deliver another very strong year in 2026."Fourth Quarter 2025 Financial ResultsConsolidatedNet sales increased 5.0% to $125.6 million from $119.6 million in the fourth quarter of 2024.Gross profit increased 19.2% to $26.8 million, or 21.3% of net sales, from $22.4 million, or 18.8% of net sales, in the fourth quarter of 2024.Net income was $8.9 million, or $0.91 per diluted share, compared to $10.1 million, or $1.00 per diluted share, in the fourth quarter of 2024.Adjusted net income was $9.1 million, or $0.93 per diluted share, compared to $7.8 million, or $0.77 per diluted share, in the fourth quarter of 2024. Adjusted net income, which is a non-GAAP financial measure, is reconciled to net income in the table titled "Reconciliation of Non-GAAP Financial Measures" below.Water Transmission Systems Segment (WTS)WTS net sales increased 1.8% to $84.0 million from $82.5 million in the fourth quarter of 2024 driven by a 26% increase in selling price per ton due to changes in product mix, which was partially offset by a 19% decrease in tons produced resulting from changes in project timing.WTS gross profit increased 20.6% to $17.8 million, or 21.2% of WTS net sales, from $14.8 million, or 17.9% of WTS net sales, in the fourth quarter of 2024 primarily due to increased selling prices.WTS backlog was $234 million as of December 31, 2025 compared to $257 million as of September 30, 2025 and $213 million as of December 31, 2024. Backlog including confirmed orders was $346 million as of December 31, 2025 compared to $301 million as of September 30, 2025 and $310 million as of December 31, 2024.Precast Infrastructure and Engineered Systems Segment (Precast)Precast net sales increased 12.2% to $41.7 million from $37.1 million in the fourth quarter of 2024 driven by an 8% increase in selling prices due to changes in product mix and a 4% increase in volume shipped.Precast gross profit increased 16.6% to $9.0 million, or 21.5% of Precast net sales, from $7.7 million, or 20.7% of Precast net sales, in the fourth quarter of 2024 primarily due to changes in product mix.Precast order book was $57 million as of December 31, 2025 compared to $55 million as of September 30, 2025 and $61 million as of December 31, 2024.Full Year 2025 Financial ResultsConsolidatedNet sales increased 6.8% to a record $526.0 million in 2025 from $492.5 million in 2024.Gross profit increased 8.6% to a record $103.6 million, or 19.7% of net sales from $95.4 million, or 19.4% of net sales, in 2024.Net income was $35.4 million, or $3.56 per diluted share, compared to $34.2 million, or $3.40 per diluted share, in 2024.Adjusted net income was $35.6 million, or $3.59 per diluted share, compared to $31.9 million, or $3.17 per diluted share, in 2024. Adjusted net income, which is a non-GAAP financial measure, is reconciled to net income in the table titled "Reconciliation of Non-GAAP Financial Measures" below.Water Transmission Systems Segment (WTS)WTS net sales increased 3.8% to a record $350.9 million in 2025 from $337.9 million in 2024 driven by a 14% increase in selling price per ton due to changes in product mix, which was partially offset by a 9% decrease in tons produced resulting from changes in project timing.WTS gross profit increased 7.2% to a record $67.1 million, or 19.1% of WTS net sales, in 2025 from $62.6 million, or 18.5% of WTS net sales, in 2024 primarily due to increased selling prices.Precast Infrastructure and Engineered Systems Segment (Precast)Precast net sales increased 13.3% to a record $175.1 million in 2025 from $154.6 million in 2024 driven by an 8% increase in volume shipped and a 4% increase in selling prices due to changes in product mix.Precast gross profit increased 11.3% to $36.5 million, or 20.8% of Precast net sales, in 2025 from $32.8 million, or 21.2% of Precast net sales, in 2024 primarily due to increased volume shipped.Balance Sheet and Cash FlowAs of December 31, 2025, the Company had $0.3 million of outstanding revolving loan borrowings and additional borrowing capacity of approximately $124 million under the revolving credit facility.Net cash provided by operating activities was $36.0 million in the fourth quarter of 2025 compared to $36.2 million in the fourth quarter of 2024 primarily due to a $9.5 million decrease in cash provided by changes in working capital and a $9.3 million increase in cash provided by net income adjusted for non-cash items. Net cash provided by operating activities was $67.3 million in 2025 compared to $55.1 million in 2024 primarily due to a $13.4 million increase in cash provided by net income, adjusted for non-cash items.Capital expenditures were $5.2 million in the fourth quarter of 2025 compared to $4.2 million in the fourth quarter of 2024. Capital expenditures were $20.2 million in 2025 compared to $20.8 million in 2024.Corporate DevelopmentsOn February 23, 2026, the Company completed the acquisition of 100% of the shares of Boughton's Precast, Inc., a single precast facility located in Pueblo, Colorado, for a purchase price of approximately $9.0 million funded by borrowings on the line of credit. This acquisition expands the Company's geographic footprint for its stormwater infrastructure and sanitary sewer products including manholes, catch basins, vaults, and reinforced concrete pipe.



















1 NWPX Infrastructure defines "backlog" as the balance of remaining performance obligations under signed contracts for Water Transmission Systems products for which revenue is recognized over time.2 NWPX Infrastructure defines "confirmed orders" as Water Transmission Systems projects for which the Company has been notified that it is the successful bidder, but a binding agreement has not been executed.3 NWPX Infrastructure defines "order book" as unfulfilled orders outstanding at the measurement date for its Precast Infrastructure and Engineered Systems segment. Conference Call DetailsA conference call and simultaneous webcast to discuss the Company's fourth quarter and full year 2025 financial results will be held on Thursday, February 26, 2026, at 7:00 a.m. Pacific Time. The call will be broadcast live on the Investor Relations section of the Company's website at investor.nwpx.com and will be archived online upon completion of the conference call. For those unable to listen to the live call, a replay will be available approximately three hours after the event and will remain available until Thursday, March 12, 2026, by dialing 1-844-512-2921 in the U.S. or 1-412-317-6671 internationally and entering the replay access code: 13758043.About NWPX InfrastructureFounded in 1966, NWPX Infrastructure, Inc. is a leading manufacturer of water-related infrastructure products. Under the Northwest Pipe Company brand, the Company is the largest manufacturer of engineered water transmission systems in North America and produces steel casing pipe, bar-wrapped concrete cylinder pipe, and pipeline system joints and fittings. The Company also provides solution-based products for a wide range of markets including high-quality reinforced precast concrete products, lined precast sanitary sewer system structures, water distribution and management equipment including pump lift stations, wastewater pretreatment, and stormwater quality products. The Company has broadened its manufacturing footprint by bringing lined and engineered precast products into production at additional facilities. This increases the Company's capacity and improves regional availability. Strategically positioned to meet growing water and wastewater infrastructure needs, the Company's skilled team is committed to quality and innovation while upholding its core values of accountability, commitment, and teamwork. Headquartered in Vancouver, Washington, the Company operates 13 manufacturing facilities across North America. For more information, please visit www.nwpx.com.Forward-Looking StatementsStatements in this press release by Scott Montross contain "forward-looking statements" within the meaning of the Private Securities Litigation Reform Act of 1995 and Section 21E of the Securities Exchange Act of 1934, as amended, that are based on current expectations, estimates, and projections about the Company's business, management's beliefs, and assumptions made by management. These statements are not guarantees of future performance and involve risks and uncertainties that are difficult to predict. Therefore, actual outcomes and results may differ materially from what is expressed or forecasted in such forward-looking statements as a result of a variety of important factors. While it is impossible to identify all such factors, those that could cause actual results to differ materially from those estimated by the Company include changes in demand and market prices for its products, product mix, bidding activity and order modifications or cancelations, timing of customer orders and deliveries, production schedules, price and availability of raw materials, excess or shortage of production capacity, product quality failures that result in decreased sales and operating margin, product returns, product liability, warranty, or other claims, international trade policy and regulations, changes in trade policy (in particular Canada and Mexico) and duties imposed on imports and exports and related impacts on the Company, economic uncertainty and associated trends in macroeconomic conditions, including potential recession, inflation, and the state of the housing and commercial construction markets, interest rate risk and changes in market interest rates, including the impact on the Company's customers and related demand for its products, the Company's ability to identify and complete internal initiatives and/or acquisitions in order to grow its business, the Company's ability to effectively integrate recent and other future acquisitions into its business and operations that produce accretive financial results, effects of security breaches, computer viruses, and cybersecurity incidents, timing and amount of share repurchases, impacts of U.S. tax reform legislation on the Company's results of operations, and the impact on its customers and related demand for its products, delays or reductions in state or local government spending due to revisions to federal appropriations brought on by policy changes, staffing levels or the inability to pass budget reconciliation legislation, adequacy of the Company's insurance coverage, supply chain challenges, the Company's ability to attract and retain talented employees, impact of geopolitical trends, changes, and events, including various military conflicts or tensions and the regional and global ramifications of these conditions, operating problems at the Company's manufacturing operations including fires, explosions, inclement weather, and floods and other natural disasters, effectiveness of future implementations or conversions of enterprise resource planning or other key systems, material weaknesses in the Company's internal control over financial reporting and its ability to remediate such weaknesses, impacts of pandemics, epidemics, or other public health emergencies, and other risks discussed in the Company's Annual Report on Form 10-K for the year ended December 31, 2024 and from time to time in its other Securities and Exchange Commission filings and reports. Such forward-looking statements speak only as of the date on which they are made, and the Company does not undertake any obligation to update any forward-looking statement to reflect events or circumstances after the date of this release. If the Company does update or correct one or more forward-looking statements, investors and others should not conclude that it will make additional updates or corrections with respect thereto or with respect to other forward-looking statements.Non-GAAP Financial MeasuresThe Company is presenting backlog including confirmed orders, adjusted net income, and adjusted diluted net income per share. These non-GAAP financial measures are provided to better enable investors and others to assess the Company's ongoing operating results and compare them with its competitors. These should be considered a supplement to, and not a substitute for, or superior to, financial measures calculated in accordance with GAAP.For more information, visit www.nwpx.com.Contact:
Aaron Wilkins
Chief Financial Officer
NWPX Infrastructure
investors@nwpx.comOrAddo Investor Relations
nwpx@addo.comNWPX INFRASTRUCTURE, INC. AND SUBSIDIARIES
CONDENSED CONSOLIDATED STATEMENTS OF OPERATIONS
(Unaudited)
(In thousands, except per share amounts)








Three Months Ended

Year Ended


December 31,

December 31,


2025

2024

2025

2024

















Net sales:















Water Transmission Systems
$83,979

$82,491

$350,879

$337,945
Precast Infrastructure and Engineered Systems

41,660


37,136


175,124


154,603
Total net sales

125,639


119,627


526,003


492,548

















Cost of sales:















Water Transmission Systems

66,183


67,738


283,738


275,341
Precast Infrastructure and Engineered Systems

32,699


29,451


138,628


121,802
Total cost of sales

98,882


97,189


422,366


397,143

















Gross profit:















Water Transmission Systems

17,796


14,753


67,141


62,604
Precast Infrastructure and Engineered Systems

8,961


7,685


36,496


32,801
Total gross profit

26,757


22,438


103,637


95,405

















Selling, general, and administrative expense

13,729


11,941


52,767


47,161
Operating income

13,028


10,497


50,870


48,244
Other income (loss)

(1,808)


74


(1,783)


(213)
Interest expense

(423)


(911)


(2,609)


(5,660)
Income before income taxes

10,797


9,660


46,478


42,371
Income tax expense (benefit)

1,918


(436)


11,067


8,165
Net income
$8,879

$10,096

$35,411

$34,206

















Net income per share:















Basic
$0.92

$1.02

$3.62

$3.45
Diluted
$0.91

$1.00

$3.56

$3.40

















Shares used in per share calculations:















Basic

9,609


9,919


9,774


9,916
Diluted

9,802


10,108


9,937


10,066
 NWPX INFRASTRUCTURE, INC. AND SUBSIDIARIES
CONDENSED CONSOLIDATED BALANCE SHEETS
(Unaudited)
(In thousands)





December 31,


2025

2024
Assets







Current assets:







Cash and cash equivalents
$2,273

$5,007
Trade and other receivables, net

78,171


66,946
Contract assets

91,036


103,422
Inventories

74,287


79,770
Prepaid expenses and other

5,665


7,343
Total current assets

251,432


262,488
Property and equipment, net

157,509


150,456
Operating lease right-of-use assets

86,894


87,747
Goodwill

55,504


55,504
Intangible assets, net

23,008


27,041
Other assets

5,283


6,417
Total assets
$579,630

$589,653









Liabilities and Stockholders' Equity







Current liabilities:







Current portion of long-term debt
$2,994

$2,994
Accounts payable

22,190


27,783
Accrued liabilities

27,743


28,172
Contract liabilities

8,794


11,197
Current portion of operating lease liabilities

4,829


4,987
Total current liabilities

66,550


75,133
Borrowings on line of credit

276


24,677
Long-term debt

8,482


11,476
Operating lease liabilities

86,223


85,744
Deferred income taxes

12,484


8,297
Other long-term liabilities

10,832


10,323
Total liabilities

184,847


215,650









Stockholders' equity

394,783


374,003
Total liabilities and stockholders' equity
$579,630

$589,653
 NWPX INFRASTRUCTURE, INC. AND SUBSIDIARIES
CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS
(Unaudited)
(In thousands)





Year Ended December 31,


2025

2024
Cash flows from operating activities:







Net income
$35,411

$34,206
Adjustments to reconcile net income to net cash provided by operating activities:







Depreciation and finance lease amortization

15,405


15,038
Amortization of intangible assets

4,033


4,033
Share-based compensation expense

5,564


5,061
Settlement loss on defined benefit plans

1,451


-
Noncash operating lease expense

6,127


6,053
Deferred income taxes

4,281


(4,684)
Other, net

1,527


728
Changes in operating assets and liabilities:







Trade and other receivables

(12,376)


(19,968)
Contract assets, net

9,983


6,840
Inventories

5,483


11,459
Prepaid expenses and other assets

2,454


1,629
Accounts payable

(6,037)


(3,447)
Accrued and other liabilities

(1,071)


3,234
Operating lease liabilities

(4,952)


(5,131)
Net cash provided by operating activities

67,283


55,051









Cash flows from investing activities:







Purchases of property and equipment

(20,177)


(20,799)
Other investing activities

31


63
Net cash used in investing activities

(20,146)


(20,736)









Cash flows from financing activities:







Borrowings on line of credit

155,771


171,329
Repayments on line of credit

(180,172)


(201,137)
Borrowings on other debt

-


4,244
Payments on other debt

(3,000)


(500)
Payments on finance lease liabilities

(1,660)


(1,419)
Tax withholdings related to net share settlements of equity awards

(2,313)


(1,449)
Repurchase of common stock

(18,351)


(4,429)
Other financing activities

(146)


(15)
Net cash used in financing activities

(49,871)


(33,376)









Change in cash and cash equivalents

(2,734)


939
Cash and cash equivalents, beginning of period

5,007


4,068
Cash and cash equivalents, end of period
$2,273

$5,007
 NWPX INFRASTRUCTURE, INC. AND SUBSIDIARIES
RECONCILIATION OF NON-GAAP FINANCIAL MEASURES
(Unaudited)
(In thousands, except per share amounts)








Three Months Ended

Year Ended


December 31,

December 31,


2025

2024

2025

2024

















Net income, as reported
$8,879

$10,096

$35,411

$34,206
Adjustments for non-recurring items:















Pension settlement and termination costs

1,775


-


1,775


-
Lapse in statute of limitations for previously uncertain tax positions

(1,024)


(2,277)


(1,024)


(2,277)
Estimated tax impact of pension settlement and termination costs

(513)


-


(513)


-
Adjusted net income
$9,117

$7,819

$35,649

$31,929

















Diluted net income per share, as reported
$0.91

$1.00

$3.56

$3.40

















Adjusted diluted net income per share
$0.93

$0.77

$3.59

$3.17
 



View original content to download multimedia:https://www.prnewswire.com/news-releases/nwpx-infrastructure-announces-fourth-quarter-and-full-year-2025-financial-results-302697546.htmlSOURCE NWPX Infrastructure, Inc.

Original: NWPX Infrastructure Announces Fourth Quarter and Full Year 2025 Financial Results

NWPX Infrastructure Announces Acquisition of Boughton's PrecastFebruary 23, 2026 4:15 PM
PR Newswire (US)

Acquisition expands Company's precast manufacturing capabilities in the mountain states.VANCOUVER, Wash., Feb. 23, 2026 /PRNewswire/ -- NWPX Infrastructure, Inc. (Nasdaq: NWPX), a leading manufacturer of water-related infrastructure products, today announced the acquisition of Boughton's Precast, Inc. The transaction closed on February 23, 2026, and is expected to be immediately accretive to earnings.







Located in Pueblo, Colorado, Boughton's Precast manufactures precast concrete products and reinforced concrete pipe. The business will operate under the NWPX Precast name."This acquisition provides a strategic beachhead in the Mountain States region and supports our long-term organic growth strategy," said Scott Montross, President and Chief Executive Officer of NWPX Infrastructure. "By adding a precast manufacturing facility in Colorado, we strengthen our ability to serve customers in a growing market while expanding our concrete and precast capabilities. As we integrate operations, we expect to leverage shared expertise and broaden our product offerings to create lasting value for our customers and shareholders."Boughton's Precast was a family-operated company founded in Pueblo, Colorado in 1974 and primarily manufactures stormwater and sanitary sewer products including reinforced concrete pipe, manholes, catch basins, and grease traps.This transaction marks NWPX Infrastructure's third acquisition in just over six years, following the acquisitions of Geneva Pipe and Precast Company in January 2020 and ParkUSA in October 2021.About NWPX Infrastructure – Founded in 1966, NWPX Infrastructure, Inc. is a leading manufacturer of water-related infrastructure products. Under the Northwest Pipe Company brand, the Company is the largest manufacturer of engineered water transmission systems in North America and produces steel casing pipe, bar-wrapped concrete cylinder pipe, and pipeline system joints and fittings. The Company also provides solution-based products for a wide range of markets including high-quality reinforced precast concrete products and lined precast sanitary sewer system components, which are manufactured under the NWPX Geneva brand, as well as water distribution and management equipment including pump lift stations, wastewater pretreatment, and stormwater quality products through the NWPX Park brand. Strategically positioned to meet growing water and wastewater infrastructure needs, the Company's skilled team is committed to quality and innovation while upholding its core values of accountability, commitment, and teamwork. Headquartered in Vancouver, Washington, NWPX Infrastructure operates 13 manufacturing facilities across North America. For more information, please visit www.nwpx.com.Contact:
Aaron Wilkins
Chief Financial Officer
NWPX Infrastructure, Inc.
360-397-6294 • awilkins@nwpx.com



View original content to download multimedia:https://www.prnewswire.com/news-releases/nwpx-infrastructure-announces-acquisition-of-boughtons-precast-302694970.htmlSOURCE NWPX Infrastructure, Inc.

Original: NWPX Infrastructure Announces Acquisition of Boughton's Precast

NWPX Infrastructure to Release Fourth Quarter and Full Year 2025 Financial Results on February 25thFebruary 11, 2026 4:05 PM
PR Newswire (US)

Financial results to be released after market close on February 25, 2026Conference call to begin at 7:00 a.m. PT on February 26, 2026VANCOUVER, Wash., Feb. 11, 2026 /PRNewswire/ -- NWPX Infrastructure, Inc. (NASDAQ: NWPX) ("NWPX Infrastructure" and the "Company"), a leading manufacturer of water-related infrastructure products, announced today that it intends to release its financial results for the fourth quarter and full year ended December 31, 2025, on Wednesday, February 25, 2026.







Scott Montross, NWPX Infrastructure's President and Chief Executive Officer, and Aaron Wilkins, Senior Vice President and Chief Financial Officer, will host a conference call to discuss the Company's fourth quarter and full year 2025 results on Thursday, February 26, 2026, at 7:00 a.m. Pacific Time. The call will be broadcast live over the Internet hosted on the Investor Relations section of the Company's website at www.nwpx.com and will be archived online upon completion of the conference call. For those unable to listen to the live call, a replay will be available approximately three hours after the event and will remain available until Thursday, March 12, 2026, by dialing 1-844-512-2921 in the U.S. or 1-412-317-6671 internationally and entering the replay access code: 13758043.About NWPX Infrastructure
Founded in 1966, NWPX Infrastructure, Inc. is a leading manufacturer of water-related infrastructure products. Under the Northwest Pipe Company brand, the Company is the largest manufacturer of engineered water transmission systems in North America and produces steel casing pipe, bar-wrapped concrete cylinder pipe, and pipeline system joints and fittings. The Company also provides solution-based products for a wide range of markets including high-quality reinforced precast concrete products and lined precast sanitary sewer system components, which are manufactured under the NWPX Geneva brand, as well as water distribution and management equipment including pump lift stations, wastewater pretreatment, and stormwater quality products through the NWPX Park brand. Strategically positioned to meet growing water and wastewater infrastructure needs, the Company's skilled team is committed to quality and innovation while upholding its core values of accountability, commitment, and teamwork. Headquartered in Vancouver, Washington, NWPX Infrastructure operates 13 manufacturing facilities across North America. For more information, please visit www.nwpx.com.Contact:
Aaron Wilkins
Chief Financial Officer
NWPX Infrastructure, Inc.
(360) 397-6294
investors@nwpx.com
Or
Addo Investor Relations
nwpx@addo.com



View original content to download multimedia:https://www.prnewswire.com/news-releases/nwpx-infrastructure-to-release-fourth-quarter-and-full-year-2025-financial-results-on-february-25th-302685557.htmlSOURCE NWPX Infrastructure, Inc.

Original: NWPX Infrastructure to Release Fourth Quarter and Full Year 2025 Financial Results on February 25th

NWPX Infrastructure Announces Strategic Leadership PromotionsJanuary 29, 2026 4:46 PM
PR Newswire (US)

The Company promotes four key individuals in OperationsVANCOUVER, Wash., Jan. 29, 2026 /PRNewswire/ -- NWPX Infrastructure (Nasdaq: NWPX), a leading manufacturer of water-related infrastructure products, today announced a series of strategic leadership promotions across the Company.







Michael Wray has been promoted to Executive Vice President with operating and commercial oversight for both the Water Transmission Systems ("WTS") and Precast Infrastructure and Engineered Systems ("Precast") segments of business. Michael previously held the title Senior Vice President/General Manager of Precast. He has been instrumental to the Company's Precast segment growth and supported the acquisitions of both NWPX Geneva and NWPX Park. Michael started with NWPX in 2007 as a Project Manager at a WTS plant in Utah. In 2020 he was promoted to Vice President/General Manager of Precast. Earlier in January, Miles Brittain, Executive Vice President, announced his retirement, and his intention to assist in transition priorities through his retirement date in April.Eric Stokes has been promoted to Senior Vice President and WTS Group President. He will continue to have commercial and operating responsibility for the WTS segment, which includes all sales, engineering, quality, and production for the Company's WTS plants in North America. His broadened responsibilities will now include operating and commercial oversight for the Company's Permalok® steel casing pipe plant in St. Louis, MO as well as corporate and WTS purchasing. Eric joined NWPX in 2008 and has played a critical role in strengthening performance across the WTS segment.Jesus Tanguis has been promoted to Senior Vice President/General Manager of Precast. Since joining the Company in January 2024 as Vice President/General Manager of NWPX Geneva, Jesus has steadily grown the Utah Precast business and improved its operational performance. Moving forward, Jesus will have operating and commercial oversight for both NWPX Geneva and NWPX Park.Justin Fraughton has been promoted to Vice President and General Manager of NWPX Geneva and will now provide commercial and operating oversight to the Company's three Utah facilities. Justin started with NWPX Geneva in 1998 and has since taken on roles of increasing responsibility with his last role as Multi-Site Operations Manager."This leadership evolution continues to position NWPX Infrastructure for sustained growth and operational excellence," states Scott Montross, President and CEO of NWPX Infrastructure. "Each of these leaders has earned greater responsibility by delivering results, developing people, and strengthening performance across markets. We are proud of our ability to promote from within and continue to build a team to scale operations. As Miles transitions toward retirement, we thank him for his contributions and wish him the very best in his next chapter."About NWPX Infrastructure – Founded in 1966, NWPX Infrastructure, Inc. is a leading manufacturer of water-related infrastructure products. Under the Northwest Pipe Company brand, the Company is the largest manufacturer of engineered water transmission systems in North America and produces steel casing pipe, bar-wrapped concrete cylinder pipe, and pipeline system joints and fittings. The Company also provides solution-based products for a wide range of markets including high-quality reinforced precast concrete products and lined precast sanitary sewer system components, which are manufactured under the NWPX Geneva brand, as well as water distribution and management equipment including pump lift stations, wastewater pretreatment, and stormwater quality products through the NWPX Park brand. Strategically positioned to meet growing water and wastewater infrastructure needs, the Company's skilled team is committed to quality and innovation while upholding its core values of accountability, commitment, and teamwork. Headquartered in Vancouver, Washington, NWPX Infrastructure operates 13 manufacturing facilities across North America. For more information, please visit www.nwpx.com.Contact:
Aaron Wilkins
Chief Financial Officer
NWPX Infrastructure, Inc.
360-397-6294 • awilkins@nwpx.com 










View original content to download multimedia:https://www.prnewswire.com/news-releases/nwpx-infrastructure-announces-strategic-leadership-promotions-302674519.htmlSOURCE NWPX Infrastructure, Inc.

Original: NWPX Infrastructure Announces Strategic Leadership Promotions

New Shareholder of NWPX - Are there any other shareholders out there? The last post on this message board seem to be from 2012.

Roll Call - Anyone else out there?

Northwest Pipe Company Announces Change Of Chief Financial Officer - Form 8K
Reuters Key Development - Jan 24, 2011

http://stocks.us.reuters.com/stocks/keyDevelopments.asp?rpc=66&symbol=NWPX.O×tamp=20110124231200

I might not have really noticed this one before. A stock like this makes a lot of sense in this day and age of clean water being scarce and all. Thanks.

The plant is also in full production. Starting in April it is at 2008 production levels. We shall see

~ Thursday! $NWPX ~ Q1 Earnings posted, pending or coming soon! In Charts and Links Below!

~ $NWPX ~ Earnings expected on Thursday *
Want more like this? Search Keyword: MACMONEY >>> http://tinyurl.com/MACMONEY <<<
One or more of many earnings sites has alerted this security has or will be posting earnings on or around the day of this message.








http://stockcharts.com/h-sc/ui?s=NWPX&p=D&b=3&g=0&id=p88783918276&a=237480049




http://stockcharts.com/h-sc/ui?s=NWPX&p=W&b=3&g=0&id=p54550695994



~ Google Finance: http://www.google.com/finance?q=NWPX
~ Google Fin Options: hhttp://www.google.com/finance/option_chain?q=NWPX#
~ Yahoo! Finance ~ Stats: http://finance.yahoo.com/q/ks?s=NWPX+Key+Statistics
~ Yahoo! Finance ~ Profile: http://finance.yahoo.com/q/pr?s=NWPX
Finviz: http://finviz.com/quote.ashx?t=NWPX
~ BusyStock: http://busystock.com/i.php?s=NWPX&v=2


<<<<<< http://www.earningswhispers.com/stocks.asp?symbol=NWPX >>>>>>



http://investorshub.advfn.com/boards/post_prvt.aspx?user=251916

*If the earnings date is in error please ignore error. I do my best.

Northwest Pipe Company is a manufacturer of large-diameter, high-pressure steel pipeline systems for use in water infrastructure applications, related to drinking water systems. The Company also manufactures other welded steel pipe products for use in a range of applications, including energy, construction, agriculture, industrial and traffic signpost systems. Its pipeline systems are also used for hydroelectric power systems, wastewater systems and other applications. During the year ended December 31, 2010, it manufactured water infrastructure products through its Water Transmission Group, which generated approximately 57% of its net sales. Tubular products are marketed through a network of direct sales force personnel and sales agents. Its Tubular Products Group manufactures steel pipe for use in a range of applications, including energy, construction, agricultural, industrial, and traffic signpost systems.

http://www.google.com/finance?q=NWPX