NWPX · NWPX Infrastructure, Inc.

NWPX Infrastructure delivered a record first quarter in 2026, with consolidated net sales rising 19.1% to $138.3 million and gross profit surging 37.7% to $26.7 million, reflecting a 260 basis point margin expansion to 19.3%. Net income more than doubled to $10.5 million ($1.08 per diluted share) from $4.0 million ($0.39) in the prior-year quarter. The Water Transmission Systems segment posted record quarterly net sales of $93.5 million, up 19.1%, driven by an 18% increase in tons produced and a 1% price mix improvement. WTS gross profit rose 42.3% to $17.3 million, with margin expanding 300 basis points to 18.5% due to volume leverage and favorable mix. Backlog including confirmed orders reached a record $430 million, up from $289 million a year ago. The Precast Infrastructure and Engineered Systems segment also achieved record quarterly net sales of $44.8 million, up 18.9%, and gross profit of $9.3 million, up 30.0%, with margin expanding 180 basis points to 20.9% on higher selling prices and volume. Operating cash flow improved to $29.3 million from $4.8 million, driven by working capital changes and higher net income. The company repurchased $2.2 million of common stock. Management expressed confidence that 2026 will be a historic year, citing strong bidding activity and a significant unplanned project in WTS, positioning the company for record revenue and profitability.