Quarterly ResultApr 30, 2026, 04:15 PM
NWPX Q1 Net Income +166% to $10.5M; EPS $1.10; Acquires Boughton
AI Summary
NWPX Infrastructure, Inc. reported strong financial results for the first quarter ended March 31, 2026, with net sales increasing 19.1% to $138.3 million and net income soaring 165.7% to $10.5 million. Basic earnings per share significantly improved to $1.10, up 175% from the prior year. The company also completed the acquisition of Boughton's Precast, Inc. for $9.0 million, enhancing its Precast segment's geographic reach, and repurchased $2.2 million of common stock.
Key Highlights
- Acquired Boughton's Precast, Inc. for $9.0M, expanding Precast segment footprint.
- Net sales increased 19.1% to $138.3M from $116.1M year-over-year.
- Net income surged 165.7% to $10.5M compared to $4.0M in prior year.
- Basic EPS rose 175% to $1.10 from $0.40 in the same period last year.
- Operating income grew 127.3% to $12.7M from $5.6M year-over-year.
- Repurchased approximately 33,000 shares for $2.2M; $14.2M remains authorized.
- Revenue recognized over time (WTS) increased 19.1% to $93.5M.
- Revenue recognized at point in time (Precast) increased 19.0% to $44.8M.