NWPX Infrastructure beats Q2 sales estimates, says Q3 could be better

NWPX Infrastructure

29/07/2026 21:45

Overview
US water infrastructure maker's Q2 sales rose 20% yr/yr, beating analyst expectations
Q2 net income climbed 75% yr/yr to record level, driven by Water Transmission Systems segment
Precast segment sales fell on weather and project delays, but order book improved by quarter-end

Outlook
Company expects Q3 performance to be comparable to or stronger than Q2 2026
Company says demand remains healthy and bidding activity continues at elevated levels
Company says Precast business is carrying positive momentum into the second half of the year

Result Drivers
WTS VOLUME AND PRICING - Water Transmission Systems segment growth driven by 26% increase in tons produced from project timing and 6% higher selling prices due to product mix
OPERATIONAL EFFICIENCY - WTS gross profit rose on increased volume, operational efficiency gains, and favorable project pricing and product mix
WEATHER AND PROJECT DELAYS - Precast segment sales and profit fell due to heavy rainfall in Texas and customer-driven project delays in Utah during April and May

Company press release: ID:nPn6VgBYQa

Key Details
Metric
Beat/Miss
Actual
Consensus Estimate
Q2 Sales
Beat
$159.48 mln
$154.71 mln (3 Analysts)
Q2 Net Income
 
$15.83 mln
 
Q2 Gross Profit
 
$34.36 mln
 
Q2 Operating Income
 
$21.15 mln
 
Q2 Pretax Profit
 
$21.48 mln
 

Analyst Coverage
The current average analyst rating on the shares is "hold" and the breakdown of recommendations is no "strong buy" or "buy", 2 "hold" and no "sell" or "strong sell"
The average consensus recommendation for the iron & steel peer group is "buy."
Wall Street's median 12-month price target for NWPX Infrastructure Inc is $108.00, about 14.5% below its July 28 closing price of $126.25
The stock recently traded at 25 times the next 12-month earnings vs. a P/E of 18 three months ago

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July 28 - Zurn Elkay Water Q2 sales beat estimates

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(This story was created using Reuters automation and AI based on LSEG and company data. It was checked and edited by a Reuters journalist prior to publication.)