Northwest Pipe Q4 EPS Beats Forecast as Revenues Rise 5%

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Northwest Pipe reported fourth-quarter EPS of $0.93, exceeding the consensus estimate of $0.62 but down from $1.00 a year earlier. Revenue increased 5% year over year to $126 million, topping the $122 million forecast.

1. Fourth-Quarter Financial Performance

Northwest Pipe delivered fourth-quarter adjusted earnings per share of $0.93, surpassing the consensus estimate of $0.62 but falling short of the prior-year’s $1.00. The company reported revenue of $126 million for the quarter ended December 2025, up 5% year over year and ahead of the $122 million forecast, driven by higher project volumes and favorable pricing conditions.

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