Northwest Pipe Reports Solid Q1 2025 Results

Northwest Pipe ( (NWPX) ) has released its Q1 earnings. Here is a breakdown of the information Northwest Pipe presented to its investors.

Northwest Pipe Company, a leading manufacturer of water-related infrastructure products, has announced its financial results for the first quarter of 2025, showcasing its resilience amidst external challenges. The company reported net sales of $116.1 million, marking a 2.6% increase from the previous year, and a net income of $0.39 per diluted share. Despite facing weather disruptions and trade policy uncertainties, Northwest Pipe’s business segments delivered solid results, with the Engineered Steel Pressure Pipe (SPP) segment generating $78.4 million in revenue and the Precast Infrastructure and Engineered Systems segment achieving $37.7 million in revenue, both showing improvements in margins compared to last year. The company’s backlog for the SPP segment stood at $203 million, with confirmed orders pushing it to $289 million, while the Precast segment’s order book reached $64 million, a 23% increase year-over-year. Looking ahead, Northwest Pipe anticipates continued growth in revenue and margins, supported by a rebound in bidding activity and strategic rebranding to NWPX Infrastructure, Inc., reflecting its focus on infrastructure solutions across North America.