NWPX Infrastructure Q1 net sales rise, expects record 2026 revenue, profitability

NWPX Infrastructure

29/04/2026 21:30

Overview

US water infrastructure maker's Q1 net sales rose 19% yr/yr, gross profit up 38%

Q1 net income more than doubled from prior year

Company repurchased $2.2 mln of common stock in Q1

Outlook

Company expects record revenue and profitability for 2026

Company cites strong bidding activity and a significant new project in Water Transmission Systems

Company sees sustained demand and operational improvements in Precast segment

Result Drivers

WTS VOLUME AND MIX - WTS segment revenue rose on higher production volumes and a modest increase in selling price per ton, with gross profit boosted by operational efficiency and favorable product mix

PRECAST PRICING AND VOLUME - Precast segment revenue and profit grew on higher selling prices from product mix and increased shipment volume

RECORD BACKLOGS - Record WTS backlog and strong Precast order book reflect sustained demand and increased project activity

Company press release: ID:nPn5JGWhma

Key Details

Metric
Beat/Miss
Actual
Consensus Estimate
Q1 Sales
Beat
$138.25 mln
$125.10 mln (2 Analysts)
Q1 Net Income
$10.53 mln
Q1 Gross Profit
$26.67 mln
Q1 Operating Income
$12.66 mln
Q1 Pretax Profit
$12.54 mln


Analyst Coverage

The one available analyst rating on the shares is "hold"

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 $84.00, about 3.3% below its April 28 closing price of $86.86

The stock recently traded at 20 times the next 12-month earnings vs. a P/E of 16 three months ago

For questions concerning the data in this report, contact Estimates.Support@lseg.com. For any other questions or feedback, contact reuters.support@thomsonreuters.com.

(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.)