Quarterly ResultApr 29, 2026, 04:45 PM
NWPX Q1 Net Sales +19.1% to $138.3M; EPS $1.08; Record Backlog
AI Summary
NWPX Infrastructure announced strong first quarter 2026 financial results, with consolidated net sales increasing 19.1% to $138.3 million and record gross profit growing 37.7% to $26.7 million. The company achieved record net income of $10.5 million, or $1.08 per diluted share. Both the Water Transmission Systems and Precast segments reported significant revenue and gross profit growth, alongside a record WTS backlog of $430 million including confirmed orders. Management expressed confidence in achieving record revenue and profitability for the full year 2026.
Key Highlights
- NWPX Q1 net sales increased 19.1% year-over-year to $138.3 million.
- Record Q1 gross profit rose 37.7% year-over-year to $26.7 million.
- Record Q1 net income reached $10.5 million, or $1.08 per diluted share.
- Water Transmission Systems (WTS) net sales grew 19.1% to $93.5 million, with gross profit up 42.3% to $17.3 million.
- Precast Infrastructure net sales increased 18.9% to $44.8 million, with gross profit up 30.0% to $9.3 million.
- Record WTS backlog, including confirmed orders, reached $430 million.
- The company repurchased $2.2 million of common stock during the quarter.
- Net cash provided by operating activities was $29.3 million, up from $4.8 million in Q1 2025.