Record-Setting Quarterly Results
NWPX Infrastructure reported its highest quarterly revenue, gross profit, and EPS in the company's history, with consolidated net sales reaching $151.1 million, a 16% increase year-over-year, and EPS growing by 35% compared to the prior year period.
Strong Performance in Water Transmission Systems (WTS)
WTS segment delivered record net sales of $103.9 million, up 20.9% year-over-year, driven by favorable market dynamics and sustained customer demand. Tons produced rose 14% year-over-year.
Robust Backlog and Bidding Activity
WTS backlog stood at $301 million, marking an increase from $282 million a year ago. The company expects strong bidding activity in the fourth quarter with about $200 million worth of work, setting up a strong entry into 2026.
Improved Cash Flow Generation
Generated $21 million in operating cash flow during the quarter, with a focus on cash flow sustainability and progress payments contributing positively to cash flow dynamics.
Environmental Product Declaration Published
NWPX published its first third-party verified Environmental Product Declaration for cement-mortar line welded steel pipe, emphasizing its commitment to sustainability.