Northwest Pipe ( (NWPX) ) has released its Q2 earnings. Here is a breakdown of the information Northwest Pipe presented to its investors.
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NWPX Infrastructure, Inc., formerly known as Northwest Pipe Company, is a leading manufacturer of water-related infrastructure products, specializing in engineered water transmission systems and precast concrete products across North America. The company has recently announced its second quarter 2025 financial results, highlighting record net sales and significant achievements in its operational segments.
The company reported net sales of $133.2 million, marking a 2.8% increase year-over-year and setting a new record for its current operating segments. The Precast Infrastructure and Engineered Systems segment achieved a record $48.6 million in net sales, while the Water Transmission Systems segment maintained a strong backlog of $298 million, with confirmed orders bringing the total to $348 million. Additionally, the company repurchased $15 million of its common stock and completed a corporate rebranding to NWPX Infrastructure, Inc.
In terms of financial performance, NWPX Infrastructure reported a net income of $0.91 per diluted share, with gross margins expanding to 19.0%. The Water Transmission Systems segment experienced a slight decrease in net sales due to project timing but saw a significant increase in backlog. Conversely, the Precast segment saw a 21.5% increase in net sales driven by higher shipping volumes and improved pricing. The company also reported a decrease in gross profit compared to the previous year, primarily due to changes in product mix and production volumes.
Looking ahead, NWPX Infrastructure’s management remains optimistic about the company’s performance, anticipating continued strength in both the Water Transmission Systems and Precast segments. The company expects third-quarter revenues and margins to align with or exceed second-quarter results, supported by a healthy order book and strong market demand.