Overview

• NWPX Q3 2025 sales rose 16% yr/yr to $151.1 mln, beating analyst expectations

• Net income for Q3 2025 was $13.5 mln, marking a historical high for the company

• Company repurchased $15.8 mln of common stock, representing 3.8% of shares outstanding

Outlook

• Company expects WTS revenue and margins to be comparable to last year's levels

• Precast revenue and margins expected to show modest year-over-year improvement

• Company anticipates strong project bidding in Q4, leading to backlog growth

Result Drivers

• WTS PERFORMANCE - Record WTS revenue and gross profit driven by stronger customer shipping requirements and favorable project pricing

• PRECAST MOMENTUM - Improving momentum in non-residential Precast business expected to drive future margin improvement

• BACKLOG STRENGTH - WTS backlog including confirmed orders remained above $300 mln, positioning for continued strength

Key Details

Analyst Coverage

• The current average analyst rating on the shares is "buy" and the breakdown of recommendations is 1 "strong buy" or "buy", 1 "hold" and no "sell" or "strong sell"

• The average consensus recommendation for the iron & steel peer group is "buy"

• Wall Street's median 12-month price target for NWPX Infrastructure Inc is $59.00, about 6.1% above its October 28 closing price of $55.43

• The stock recently traded at 15 times the next 12-month earnings vs. a P/E of 12 three months ago

Press Release: ID:nPn1y38cda

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(This story was created using Reuters automation and AI based on LSEG and company data. It was checked and edited by a Reuters journalist prior to publication.)