Overview
Water infrastructure firm's Q4 net sales rose 5%, beating analyst expectations
Company's Q4 gross profit increased 19.2% yr/yr, setting a quarterly record
Outlook
Company anticipates full-year bidding activity to be consistent with 2025 levels
NWPX expects first-quarter performance to be stronger than recent years
Company sees stable demand in Precast segment supporting revenue and margin progress
Result Drivers
SELLING PRICE INCREASE - WTS segment saw a 26% rise in selling price per ton, boosting revenue despite lower production volumes
PRODUCT MIX CHANGES - Precast segment revenue grew due to an 8% increase in selling prices and 4% increase in volume shipped
Company press release: ID:nPnb8zpsqa
Key Details
Metric
Beat/Miss
Actual
Consensus Estimate
Q4 Net Sales
Beat
$125.64 mln
$122.009 mln (3 Analysts)
Q4 Net Income
$8.88 mln
Q4 Gross Profit
$26.76 mln
Q4 Operating Income
$13.03 mln
Analyst Coverage
The current average analyst rating on the shares is "buy" and the breakdown of recommendations is 1 "strong buy" or "buy", 1 "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 $70.00, about 4.3% below its February 24 closing price of $73.15
The stock recently traded at 19 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.)