NWPX Infrastructure Q3 sales beat estimates on water transmission systems segment strength
NWPX•NWPX Infrastructure’s third-quarter sales rose 18.7% year over year to $179.4 million, beating the $167.77 million analyst estimate. Net income rose 35% to $18.2 million, and the company expects fourth-quarter performance to exceed results from Q4 2025 and Q1 2026.
1. Quarterly results
Third-quarter sales increased 18.7% year over year to $179.4 million, above the $167.77 million consensus estimate. Net income rose 35% to $18.2 million, and diluted earnings per share were $1.86.
2. Segment performance
Water Transmission Systems sales rose 27%, driven by a 19% increase in selling price per ton and a 7% rise in tons produced due to changes in project timing. Precast sales increased 0.6%; Boughton and Serpentix contributed $2.1 million in net sales, partly offset by a 9% decline in volume at legacy facilities. The company completed its acquisition of Serpentix Conveyor on September 2.
3. Outlook
NWPX Infrastructure expects Q4 performance to exceed Q4 2025 and Q1 2026 results, and expects its Water Transmission Systems backlog to remain elevated through year-end. It expects the Precast business to remain steady through year-end.
