Water Transmission Systems Segment (WTS) Accessibility StatementSkip Navigation VANCOUVER, Wash., Oct. 29, 2025 /PRNewswire/ -- NWPX Infrastructure, Inc. (NASDAQ: NWPX) (the "Company"), a leading manufacturer of water-related infrastructure products, today announced its financial results for the third quarter ended September 30, 2025. The Company will broadcast its third quarter 2025 earnings conference call on Thursday, October 30, 2025 at 7:00 a.m. PT. Management Commentary "We delivered our strongest q ...

Core Insights - NWPX Infrastructure, Inc. reported record financial results for Q2 2025, with consolidated revenue reaching $133.2 million, a 2.8% increase year-over-year, driven by strong performance in both business segments [3][5][6] - The company achieved a gross margin of 19.0%, up 230 basis points from the previous quarter, reflecting improved production efficiency and market demand [3][5] - The Water Transmission Systems (WTS) segment generated $84.6 million in revenue, while the Precast segment achieved record revenue of $48.6 million, marking a 21.5% increase from the prior year [3][5][6] Company Name Change and Segment Renaming - Effective June 12, 2025, the company changed its name from Northwest Pipe Company to NWPX Infrastructure, Inc. [2] - The "Engineered Steel Pressure Pipe (SPP)" segment was renamed to "Water Transmission Systems (WTS)" to better reflect its capabilities [2] Financial Performance - Q2 2025 net income was $9.1 million, or $0.91 per diluted share, compared to $8.6 million, or $0.86 per diluted share in Q2 2024 [6] - The backlog for the WTS segment increased to $298 million, with total backlog including confirmed orders reaching $348 million, a 20% increase from the end of Q1 2025 [3][5][6] - The Precast segment's gross margin improved by 210 basis points sequentially, supported by higher shipping levels [3][5] Operational Highlights - The company repurchased $15.0 million of common stock from April to July 2025, representing 3.6% of its outstanding shares [5] - As of June 30, 2025, the company had $30.6 million in outstanding revolving loan borrowings and an additional borrowing capacity of approximately $93 million [6] Conference Call Information - A conference call to discuss the Q2 2025 financial results is scheduled for August 8, 2025, at 7:00 a.m. PT [12]

Core Insights - Northwest Pipe Company reported its financial results for Q1 2025, highlighting a mix of challenges and respectable performance across its business segments [1][2]. Financial Performance - Net sales for Q1 2025 were $116.1 million, a 2.6% increase from $113.2 million in Q1 2024 [4][5]. - Net income decreased to $4.0 million, or $0.39 per diluted share, compared to $5.2 million, or $0.52 per diluted share in the same period last year [5][20]. - Gross profit fell by 3.8% to $19.4 million, representing 16.7% of net sales, down from 17.8% in Q1 2024 [5][20]. Segment Performance - The Engineered Steel Pressure Pipe (SPP) segment generated $78.4 million in revenue, a 2.0% decrease from $80.0 million in Q1 2024, with a gross profit margin of 15.5% [5][6]. - The Precast Infrastructure and Engineered Systems segment saw revenues increase by 13.4% to $37.7 million, with a gross profit margin of 19.1%, marking a 140 basis point improvement year-over-year [14][20]. Backlog and Orders - The SPP backlog was $203 million as of March 31, 2025, down from $213 million at the end of 2024 [6]. - The backlog including confirmed orders for SPP was $289 million, a decrease from $310 million at the end of 2024 [6]. - The Precast order book rose to $64 million, up 23% year-over-year, driven by growth in the non-residential segment [14]. Strategic Outlook - The company anticipates a rebound in bidding activity in Q2 2025, with backlog climbing above $300 million [2]. - Expectations for the second half of 2025 include continued growth in both revenue and margins for both business segments [2][14]. - The company plans to rebrand as NWPX Infrastructure, Inc. in June 2025, reflecting its strategic evolution towards infrastructure-focused solutions [2][4].