CEO Scott Montross said Q3 performance should be comparable to, or stronger than, Q2 on elevated bidding activity and improving Precast momentum.
Segment performance
Water Transmission Systems net sales jumped 33.8% to $113.2 million; WTS backlog was $305 million, with backlog including confirmed orders of $423 million.
Precast net sales slipped 4.8% to $46.3 million; management cited heavy Texas rainfall and Utah project delays, with the order book ending at $61 million.
Q2 results and margins
NWPX Infrastructure posted Q2 net sales of $159.5 million, up 19.7% year over year; net income climbed 74.7% to $15.8 million.
Diluted EPS rose to ; gross profit increased to , lifting gross margin to .
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