NWPX Infrastructure Announces Third Quarter 2026 Financial Results

Management expects fourth-quarter performance to exceed both the fourth quarter of 2025 and the first quarter of 2026.

Rhea-AI Summary

NWPX Infrastructure (NASDAQ: NWPX) reported record third-quarter 2026 net sales of $179.4 million, up 18.7% from a year earlier. Gross profit rose 18.8% to $38.2 million, with gross margin unchanged at 21.3%. Net income increased 35.0% to $18.2 million, or $1.86 per diluted share, versus $1.38 a year earlier.

Water Transmission Systems sales rose 27.0% to $131.9 million, although its gross margin fell to 20.7% from 21.3%. Precast sales increased 0.6% to $47.5 million; acquisitions contributed $2.1 million while legacy shipment volume fell 9%. WTS backlog including confirmed orders reached $435 million, but signed-contract backlog fell to $264 million from $305 million at June 30. The Precast order book reached $67 million. NWPX completed its Serpentix acquisition on September 2, 2026. Quarterly operating cash flow rose to $27.4 million from $21.0 million; revolving borrowings stood at $18.5 million.

22 points · 0 major

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Positive

• Moderate pointThird-quarter sales rose 18.7% year over year to a record $179.4 million.
• Moderate pointThird-quarter gross profit rose 18.8% to $38.2 million; gross margin remained 21.3% year over year.
• Moderate pointThird-quarter net income rose 35.0% to $18.2 million; diluted EPS reached $1.86 versus $1.38.
• Moderate pointWTS sales rose 27.0% year over year to $131.9 million in the third quarter.
• Moderate pointWTS selling price per ton increased 19% from product mix; tons produced increased 7% from project timing.
• Moderate pointWTS gross profit increased 23.4% year over year to $27.3 million in the third quarter.
• Moderate pointWTS backlog including confirmed orders reached $435 million, versus $423 million in June and $301 million a year earlier.
• Moderate pointPrecast gross profit rose 8.6% to $10.9 million; margin reached 22.9% versus 21.3% a year earlier.
• Moderate pointPrecast order book reached $67 million, versus $61 million in June and $55 million a year earlier.
• Moderate pointThird-quarter operating cash flow increased to $27.4 million from $21.0 million a year earlier.
• Moderate pointApproximately $105 million of additional revolving credit capacity remained available at September 30, 2026. 11% of market cap
• Moderate pointThird-quarter operating income reached $24.313 million, versus $19.037 million a year earlier.
• Moderate point. Forward-looking: it has not happened yet and may not happen.Fourth-quarter performance is expected by management to exceed fourth-quarter 2025 and first-quarter 2026 performance.

9 minor points

• Minor pointPrecast sales increased 0.6% year over year to $47.5 million; Boughton and Serpentix contributed $2.1 million.
• Minor pointSerpentix acquisition completed September 2, 2026; it contributed $10 million to the September 30 Precast order book.
• Minor pointThird-quarter interest expense fell to $372,000 from $788,000 a year earlier.
• Minor pointNine-month sales reached $477.122 million, versus $400.364 million for the same period of 2025.
• Minor pointNine-month gross profit reached $99.212 million, versus $76.880 million for the same period of 2025.
• Minor pointNine-month operating income reached $58.121 million, versus $37.842 million for the same period of 2025.
• Minor pointNine-month net income reached $44.599 million; diluted EPS was $4.55 versus $2.66 a year earlier.
• Minor pointNine-month operating cash flow reached $70.721 million, versus $31.250 million a year earlier.
• Minor point. Forward-looking: it has not happened yet and may not happen.WTS backlog is expected by management to remain elevated through year-end; Precast business is expected to remain steady.

Negative

• Moderate pointLegacy Precast shipment volume declined 9% year over year in the third quarter.
• Moderate pointWTS signed-contract backlog was $264 million, down from $305 million in June but above $257 million a year earlier.
• Minor pointWTS gross margin fell to 20.7% from 21.3% a year earlier because of product mix.
• Minor pointConfirmed WTS orders lack executed binding agreements, unlike the signed contracts included in backlog.
• Minor pointRevolving borrowings reached $18.508 million at September 30, 2026, versus $276,000 at December 31, 2025.

3 minor points

• Minor pointThird-quarter selling, general and administrative expense rose to $13.875 million from $13.113 million a year earlier.
• Minor pointNine-month selling, general and administrative expense rose to $41.091 million from $39.038 million a year earlier.
• Minor point. Forward-looking: it has not happened yet and may not happen.Fourth-quarter holidays and weather-related disruptions are expected by management to affect performance.

News Explained

Of the $435 million WTS backlog figure including confirmed orders, $264 million is signed-contract backlog; confirmed orders are projects where the company was notified it won the bid but has no binding agreement, so the headline figure includes work not yet contractually committed.

Key Figures

Net sales: $179.4 million (+18.7% year over year) Gross profit: $38.2 million (+18.8% year over year) Net income: $18.2 million (+35.0% year over year) +4 more

Net sales

$179.4 million (+18.7% year over year)

Third quarter 2026

Gross profit

$38.2 million (+18.8% year over year)

Third quarter 2026

Net income

$18.2 million (+35.0% year over year)

Third quarter 2026

Diluted EPS

$1.86

Third quarter 2026

WTS net sales

$131.9 million (+27.0% year over year)

Water Transmission Systems segment, third quarter 2026

WTS backlog including confirmed orders

$435 million

As of September 30, 2026

Precast order book

$67 million

As of September 30, 2026

Previous Earnings Reports

3 past events · Latest: Jul 29

Same Type 3 events

1. Jul 29

   Q2 earnings

   24h Move

   +3.0%

   Reported sales up 19.7% and net income up 74.7% year over year.

2. Apr 29

   Q1 earnings

   24h Move

   +14.3%

   Reported net sales up 19.1% and gross profit up 37.7% year over year.

3. Oct 29

   Q3 earnings

   24h Move

   +1.4%

   Reported sales up 16.0% and gross profit up 19.0% year over year.

24h Move is the share-price change in the day after each event; other market factors may also have contributed.

Key Terms

gross margin, basis points, diluted share, revolving credit facility, +1 more

5 terms

gross margin financial

"consolidated gross margin of 21.3%"

Gross margin is the difference between how much money a company makes from selling its products and how much it costs to produce them, expressed as a percentage of sales. It shows how efficiently a company is turning sales into profit before other expenses like marketing or salaries. Higher gross margin means the company keeps more money from each sale, which is a good sign of financial health.

View in glossary

basis points financial

"an approximate 160-basis point improvement in gross margin"

Basis points are a way to measure small changes in interest rates or percentages, where one basis point equals 0.01%. For example, if a loan's interest rate increases by 50 basis points, it's gone up by 0.50%. They help people understand tiny differences in rates that can add up over time, making financial comparisons clearer.

diluted share financial

"$1.86 per diluted share"

Diluted share count is the total number of company shares that would exist if all potential claims that can become stock—such as employee stock options, warrants and convertible bonds—were exercised or converted. Investors use diluted shares to see a more conservative view of ownership and per-share metrics (like earnings per share), because it’s like slicing a cake into more pieces: the same profit spread over more slices makes each slice smaller.

revolving credit facility financial

"under the revolving credit facility"

A revolving credit facility is a type of loan that a business can borrow from whenever it needs money, up to a set limit. It’s like having a credit card for companies—allowing them to borrow, pay back, and borrow again as needed, providing flexibility for managing cash flow or funding short-term expenses.

performance obligations financial

"balance of remaining performance obligations under signed WTS contracts"

Performance obligations are the specific promises a company makes to deliver goods or services to a customer under a contract, treated as separate deliverables when a customer can benefit from them on their own. Investors care because these promises determine when and how much revenue a company records — like breaking a bundled purchase into separate billable parts — which affects reported earnings, growth trends and the clarity of future cash flows.

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• Record net sales of $179.4 million, up 18.7% year-over-year, and record gross profit of $38.2 million, up 18.8% year-over-year
• Record Water Transmission Systems segment ("WTS") net sales of $131.9 million, up 27.0% year-over-year, and record WTS gross profit of $27.3 million, up 23.4% year-over-year
• Precast Infrastructure and Engineered Systems segment ("Precast") net sales of $47.5 million, up 0.6% year-over-year, and Precast gross profit of $10.9 million, up 8.6% year-over-year
• Net income of $18.2 million, or $1.86 per diluted share
• WTS backlog¹ of $264 million; record backlog including confirmed orders² of $435 million
• Precast order book³ of $67 million
• Completed acquisition of Serpentix Conveyor, LLC ("Serpentix") on September 2, 2026

VANCOUVER, Wash., Oct. 28, 2026 /PRNewswire/ -- NWPX Infrastructure, Inc. (NASDAQ: NWPX) ("NWPX Infrastructure" and the "Company"), a leading manufacturer of water-related infrastructure products, today announced its financial results for the third quarter ended September 30, 2026. The Company will broadcast its third quarter 2026 earnings conference call on Thursday, October 29, 2026 at 7:00 a.m. PT.

Management Commentary

"The third quarter of 2026 was another outstanding quarter for NWPX Infrastructure, highlighted by record financial performance across several key metrics," said Scott Montross, President and Chief Executive Officer of NWPX Infrastructure. "We generated record quarterly revenue of $179.4 million and record gross profit, representing a consolidated gross margin of 21.3%, along with earnings per diluted share of $1.86. These results reflect the strength and resilience of our businesses, disciplined execution across our operations, and our continued ability to capitalize on favorable market conditions. WTS led our performance, delivering record revenue and record gross profit with a strong gross margin of 20.7%. WTS backlog including confirmed orders reached a record $435 million, even after recognizing $31.0 million in revenue associated with our NDA project during the quarter, providing excellent visibility into future production activity. Precast also delivered solid results, with revenue and gross profit exceeding the prior year, and an approximate 160-basis point improvement in gross margin to 22.9%. We are particularly encouraged by the continued growth of our data center business, which continues to represent an attractive opportunity within our Precast segment."

Mr. Montross continued, "As we look ahead, we remain very optimistic about the strength of our business and our opportunities for continued success. Despite the typical impact of two major holidays and weather-related disruptions in the fourth quarter, we currently anticipate stronger performance than both the fourth quarter of 2025 and the first quarter of 2026. We expect WTS backlog to remain elevated through year-end, supported by continued demand for critical water infrastructure, while our Precast business is expected to remain steady. Taken together, we believe our record backlog and attractive opportunities across our businesses position NWPX Infrastructure to conclude an exceptionally strong record year in 2026 and enter 2027 with significant momentum."

Third Quarter 2026 Financial Results

Consolidated

• Net sales increased 18.7% to $179.4 million from $151.1 million in the third quarter of 2025.
• Gross profit increased 18.8% to $38.2 million, or 21.3% of net sales, from $32.2 million, or 21.3% of net sales, in the third quarter of 2025.
• Net income increased 35.0% to $18.2 million, or $1.86 per diluted share, compared to $13.5 million, or $1.38 per diluted share, in the third quarter of 2025. The third quarter of 2026 marked the highest net income in the Company's history aside from the third quarter of 2018 which included a $21.9 million bargain purchase gain associated with the acquisition of Ameron Water Transmission Group, LLC.⁴ 

Water Transmission Systems Segment (WTS)

• WTS net sales increased 27.0% to $131.9 million from $103.9 million in the third quarter of 2025 driven by a 19% increase in selling price per ton due to changes in product mix and a 7% increase in tons produced resulting from changes in project timing.
• WTS gross profit increased 23.4% to $27.3 million, or 20.7% of WTS net sales, from $22.1 million, or 21.3% of WTS net sales, in the third quarter of 2025 due to increased volume and selling prices, which have increased in line with input costs. WTS gross margin decreased due to changes in product mix.
• WTS backlog was $264 million as of September 30, 2026, compared to $305 million as of June 30, 2026, and $257 million as of September 30, 2025. Backlog including confirmed orders was $435 million as of September 30, 2026, compared to $423 million as of June 30, 2026, and $301 million as of September 30, 2025.

Precast Infrastructure and Engineered Systems Segment (Precast)

• Precast net sales increased 0.6% to $47.5 million from $47.2 million in the third quarter of 2025 driven by the acquisitions of Boughton's Precast, Inc. ("Boughton") and Serpentix, which together contributed $2.1 million in net sales, partially offset by a 9% decrease in volume shipped at legacy Precast facilities.
• Precast gross profit increased 8.6% to $10.9 million, or 22.9% of Precast net sales, from $10.0 million, or 21.3% of Precast net sales, in the third quarter of 2025 primarily due to changes in product mix.
• Precast order book was $67 million as of September 30, 2026, compared to $61 million as of June 30, 2026, and $55 million as of September 30, 2025.

Balance Sheet and Cash Flow

• As of September 30, 2026, the Company had $18.5 million of outstanding revolving loan borrowings and additional borrowing capacity of approximately $105 million under the revolving credit facility.
• Net cash provided by operating activities was $27.4 million in the third quarter of 2026 compared to $21.0 million in the third quarter of 2025 primarily due to a $5.6 million increase in net income adjusted for noncash items and a $0.8 million increase in net cash provided by changes in working capital.
• Capital expenditures were $7.0 million in the third quarter of 2026 compared to $7.8 million in the third quarter of 2025.

Acquisition of Serpentix

• As previously announced, on September 2, 2026, the Company completed the acquisition of Serpentix, a manufacturer of engineered conveyor systems used primarily in municipal wastewater treatment plants and industrial manufacturing facilities. The transaction marks NWPX Infrastructure's second acquisition this year, following the acquisition of Boughton in February 2026.

_________

1 NWPX Infrastructure defines "backlog" as the balance of remaining performance obligations under signed WTS contracts for which revenue is recognized over time.

2 NWPX Infrastructure defines "confirmed orders" as WTS projects for which the Company has been notified that it is the successful bidder, but a binding agreement has not been executed.

3 NWPX Infrastructure defines "order book" as unfulfilled orders outstanding at the measurement date for its Precast segment. Serpentix contributed $10 million to the Precast segment's order book as of September 30, 2026; included in this amount is $8 million of remaining performance obligations for which revenue is recognized over time.

4 In the third quarter of 2018 the Company reported net income of $27.8 million, or $2.86 per diluted share which, amongst other non-recurring items, included a bargain purchase gain of $21.9 million associated with the acquisition of Ameron Water Transmission Group, LLC. Without this noncash item and other nonrecurring items reported for that quarter, the adjusted net income reconciled to $2.1 million, or $0.21 per share. See reconciliation of Non-GAAP Financial Measures in our Form 8‑K filed on November 8, 2018 for additional information.

Conference Call Details

A conference call and simultaneous webcast to discuss the Company's third quarter 2026 financial results will be held on Thursday, October 29, 2026, at 7:00 a.m. Pacific Time. The call will be broadcast live on the Investor Relations section of the Company's website at investor.nwpx.com and will be archived online upon completion of the conference call. For those unable to listen to the live call, a replay will be available approximately three hours after the event and will remain available until Thursday, November 12, 2026, by dialing 1‑844‑512‑2921 in the U.S. or 1‑412‑317‑6671 internationally and entering the replay access code: 13762824.

About NWPX Infrastructure

Founded in 1966, NWPX Infrastructure, Inc. is a leading manufacturer of water-related infrastructure products. Under the Northwest Pipe Company brand, the Company is the largest manufacturer of engineered water transmission systems in North America and produces steel casing pipe, bar-wrapped concrete cylinder pipe, and pipeline system joints and fittings. The Company also provides solution-based products for a wide range of markets including high-quality reinforced precast concrete products, lined precast sanitary sewer system structures, water distribution and management equipment including pump lift stations, wastewater pretreatment and conveyor systems, and stormwater quality products. Strategically positioned to meet growing water and wastewater infrastructure needs, the Company's skilled team is committed to quality and innovation while upholding its core values of accountability, commitment, and teamwork. Headquartered in Vancouver, Washington, the Company operates 15 manufacturing facilities across North America. For more information, please visit www.nwpx.com. 

Forward-Looking Statements

Statements in this press release by Scott Montross contain "forward-looking statements" within the meaning of the Private Securities Litigation Reform Act of 1995 and Section 21E of the Securities Exchange Act of 1934, as amended, that are based on current expectations, estimates, and projections about the Company's business, management's beliefs, and assumptions made by management. These statements are not guarantees of future performance and involve risks and uncertainties that are difficult to predict. Therefore, actual outcomes and results may differ materially from what is expressed or forecasted in such forward-looking statements as a result of a variety of important factors. While it is impossible to identify all such factors, those that could cause actual results to differ materially from those estimated by the Company include changes in demand and market prices for its products, product mix, bidding activity and order modifications or cancelations, timing of customer orders and deliveries, predictability of production and delivery schedules, price and availability of raw materials and other costs central to producing and shipping the Company's products, excess or shortage of production capacity, product quality assurance failures that result in decreased sales and operating margin, product returns, product liability, warranty, or other claims, international trade policy and regulations, changes in trade policy (in particular with Canada and Mexico) and duties imposed on imports and exports and the related impacts on the Company, economic uncertainty and associated trends in macroeconomic conditions, including potential recession, inflation, and the state of the housing and commercial construction markets, interest rate risk and changes in market interest rates, including the impact on the Company's customers and related demand for its products, the Company's ability to identify and complete organic and inorganic initiatives to grow its business, the Company's ability to effectively integrate future acquisitions into its business and operations that produce accretive financial results, effects of security breaches, computer viruses, and cybersecurity incidents, increased use of artificial intelligence by the Company and its competitors, as well as related legal and regulatory requirements, timing and amount of share repurchases, impacts of U.S. tax reform legislation on the Company's results of operations, and the impact on its customers and related demand for its products, delays or reductions in state or local government spending due to revisions to federal appropriations brought on by policy changes, staffing levels or the inability to pass budget reconciliation legislation, adequacy of the Company's insurance coverage, logistics and supply chain disruptions, the Company's ability to attract and retain talented employees, impact of geopolitical trends, changes, and events, including the various military conflicts or tensions and the regional and global ramifications of these conditions, operating problems at the Company's manufacturing operations including fires, explosions, inclement weather, and floods and other natural disasters, effectiveness of future implementations or conversions of enterprise resource planning or other key systems, material weaknesses in the Company's internal control over financial reporting and its ability to remediate such weaknesses, impacts of pandemics, epidemics, or other public health emergencies, and other risks discussed in the Company's Annual Report on Form 10‑K for the year ended December 31, 2025 and from time to time in its other Securities and Exchange Commission filings and reports. Such forward-looking statements speak only as of the date on which they are made, and the Company does not undertake any obligation to update any forward-looking statement to reflect events or circumstances after the date of this release. If the Company does update or correct one or more forward-looking statements, investors and others should not conclude that it will make additional updates or corrections with respect thereto or with respect to other forward-looking statements.

Non-GAAP Financial Measures

The Company is presenting backlog including confirmed orders. This non-GAAP financial measure is provided to better enable investors and others to assess the Company's ongoing operating results and compare them with its competitors. This should be considered a supplement to, and not a substitute for, or superior to, financial measures calculated in accordance with GAAP.

For more information, visit www.nwpx.com. 

Contact:
Aaron Wilkins
Chief Financial Officer
NWPX Infrastructure
investors@nwpx.com

Or

Addo Investor Relations
nwpx@addo.com

 

NWPX INFRASTRUCTURE, INC. AND SUBSIDIARIES CONDENSED CONSOLIDATED STATEMENTS OF OPERATIONS (Unaudited) (In thousands, except per share amounts)
		Three Months Ended September 30,								Nine Months Ended September 30,
		2026				2025				2026				2025
Net sales:
Water Transmission Systems		$	131,899			$	103,866			$	338,551			$	266,900
Precast Infrastructure and Engineered Systems			47,493				47,201				138,571				133,464
Total net sales			179,392				151,067				477,122				400,364
Cost of sales:
Water Transmission Systems			104,608				81,750				269,713				217,555
Precast Infrastructure and Engineered Systems			36,596				37,167				108,197				105,929
Total cost of sales			141,204				118,917				377,910				323,484
Gross profit:
Water Transmission Systems			27,291				22,116				68,838				49,345
Precast Infrastructure and Engineered Systems			10,897				10,034				30,374				27,535
Total gross profit			38,188				32,150				99,212				76,880
Selling, general, and administrative expense			13,875				13,113				41,091				39,038
Operating income			24,313				19,037				58,121				37,842
Other income (expense)			(48)				(28)				665				(35)
Interest income			77				25				241				60
Interest expense			(372)				(788)				(1,040)				(2,186)
Income before income taxes			23,970				18,246				57,987				35,681
Income tax expense			5,739				4,741				13,388				9,149
Net income		$	18,231			$	13,505			$	44,599			$	26,532
Net income per share:
Basic		$	1.89			$	1.40			$	4.64			$	2.70
Diluted		$	1.86			$	1.38			$	4.55			$	2.66
Shares used in per share calculations:
Basic			9,634				9,678				9,617				9,830
Diluted			9,805				9,813				9,807				9,966

 

NWPX INFRASTRUCTURE, INC. AND SUBSIDIARIES CONDENSED CONSOLIDATED BALANCE SHEETS (Unaudited) (In thousands)
		September 30, 2026				December 31, 2025
Assets
Current assets:
Cash and cash equivalents		$	6,058			$	2,273
Trade and other receivables, net			115,521				78,171
Contract assets			103,154				91,036
Inventories			89,316				74,287
Prepaid expenses and other			3,077				5,665
Total current assets			317,126				251,432
Property and equipment, net			167,550				157,509
Operating lease right-of-use assets			86,992				86,894
Goodwill			83,314				55,504
Intangible assets, net			34,421				23,008
Other assets			5,172				5,283
Total assets		$	694,575			$	579,630
Liabilities and Stockholders' Equity
Current liabilities:
Current portion of long-term debt		$	2,994			$	2,994
Accounts payable			41,087				22,190
Accrued liabilities			29,321				27,743
Contract liabilities			44,652				8,794
Current portion of operating lease liabilities			5,673				4,829
Total current liabilities			123,727				66,550
Borrowings on line of credit			18,508				276
Long-term debt			6,237				8,482
Operating lease liabilities			86,242				86,223
Deferred income taxes			12,391				12,484
Other long-term liabilities			10,186				10,832
Total liabilities			257,291				184,847
Stockholders' equity:
Common stock			96				96
Additional paid-in-capital			110,663				113,088
Retained earnings			326,341				281,742
Accumulated other comprehensive income (loss)			184				(143)
Total stockholders' equity			437,284				394,783
Total liabilities and stockholders' equity		$	694,575			$	579,630

 

NWPX INFRASTRUCTURE, INC. AND SUBSIDIARIES CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS (Unaudited) (In thousands)
		Nine Months Ended September 30,
		2026				2025
Cash flows from operating activities:
Net income		$	44,599			$	26,532
Adjustments to reconcile net income to net cash provided by operating activities:
Depreciation and finance lease amortization			13,446				11,517
Amortization of intangible assets			3,283				3,025
Share-based compensation expense			5,333				3,924
Noncash operating lease expense			4,571				4,632
Deferred income taxes			(95)				113
Other, net			(6)				1,504
Changes in operating assets and liabilities:
Trade and other receivables			(30,812)				(32,200)
Contract assets and liabilities, net			23,725				3,652
Inventories			(11,945)				5,249
Prepaid expenses and other assets			3,038				4,331
Accounts payable			18,167				(785)
Accrued and other liabilities			1,223				3,533
Operating lease liabilities			(3,806)				(3,777)
Net cash provided by operating activities			70,721				31,250
Cash flows from investing activities:
Purchases of property and equipment			(14,711)				(14,964)
Acquisition of business, net of cash acquired			(58,554)				-
Other investing activities			84				31
Net cash used in investing activities			(73,181)				(14,933)
Cash flows from financing activities:
Borrowings on line of credit			31,264				132,957
Repayments on line of credit			(13,032)				(130,001)
Payments on other debt			(2,250)				(2,250)
Payments on finance lease liabilities			(1,731)				(1,199)
Tax withholdings related to net share settlements of equity awards			(4,058)				(2,313)
Repurchase of common stock			(3,922)				(15,701)
Other financing activities			(26)				(146)
Net cash provided by (used in) financing activities			6,245				(18,653)
Change in cash and cash equivalents			3,785				(2,336)
Cash and cash equivalents, beginning of period			2,273				5,007
Cash and cash equivalents, end of period		$	6,058			$	2,671

 

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SOURCE NWPX Infrastructure, Inc.

FAQ

AI-generated questions and answers. How Rhea-AI works. Not financial advice.

What were NWPX Infrastructure's third-quarter 2026 earnings?

NWPX Infrastructure earned $18.2 million, or $1.86 per diluted share, in the third quarter of 2026. Net income increased 35.0% from $13.5 million, or $1.38 per diluted share, in the third quarter of 2025.

How much backlog did NWPX Infrastructure report for September 30, 2026?

NWPX Infrastructure reported $264 million of WTS backlog and $435 million including confirmed orders at September 30, 2026. Its Precast order book was $67 million. Confirmed WTS orders represent projects awarded to the company for which a binding agreement has not yet been executed.

How much did NWPX Infrastructure spend on capital expenditures in the third quarter of 2026?

NWPX Infrastructure spent $7.0 million on capital expenditures in the third quarter of 2026, compared with $7.8 million in the third quarter of 2025.

How much revenue did NWPX Infrastructure recognize from its NDA project in the third quarter of 2026?

NWPX Infrastructure recognized $31.0 million in revenue associated with its NDA project during the third quarter of 2026.