NWPX Infrastructure, Inc. Achieves Record Second Quarter 2025 Results with Strong Segment Performance

NWPX
September 20, 2025
NWPX Infrastructure, Inc. announced record financial results for the second quarter ended June 30, 2025, with consolidated net sales reaching $133.2 million, the highest ever for the company's current configuration. The company reported a GAAP net income of $9.063 million, translating to diluted earnings per share of $0.91, an increase from $0.86 in Q2 2024. The company's gross margin expanded to 19.0%, a 230 basis point improvement from the previous quarter, reflecting enhanced production efficiency and solid market demand. The Water Transmission Systems (WTS) segment, formerly Engineered Steel Pressure Pipe, generated $84.6 million in revenue and saw significant margin expansion due to higher production levels and improved overhead absorption. The WTS backlog, including confirmed orders, surged to $348 million, an increase of over 20% compared to the end of the first quarter, positioning the company for sustained strength. The Precast segment delivered record revenue of $48.6 million, fueled by markedly higher shipping levels, and achieved a 210 basis point sequential improvement in its gross margin. Management anticipates third-quarter WTS revenues and margins to remain in line with or exceed the second quarter, with Precast revenue expected to remain strong and margins to continue improving. For the full year 2025, NWPX Infrastructure projects free cash flow to range between $23.0 million and $30.0 million, with capital expenditures between $19.0 million and $22.0 million. The content on BeyondSPX is for informational purposes only and should not be construed as financial or investment advice. We are not financial advisors. Consult with a qualified professional before making any investment decisions. Any actions you take based on information from this site are solely at your own risk.