NWPX
NWPX Infrastructure, Inc.62.74
-0.29-0.46%
Dec 16, 4:00:00 PM EST
Earnings Call Transcripts
This Quarter (Q1 '26)
No earnings call transcript available yet
Last Quarter (Q4 '25)
FY Q4 '25
Data centers drive Precast pipeline
Q&A spotlighted a fresh tailwind from data centers, with 12 Precast projects worth several million dollars underway—secretive under NDAs but offering premium pricing and speed premiums, some already in Q4 orders. Management upped WTS volume expectations to ~150,000 tons for 2026 from an initial 140,000, signaling heavier bidding, while margins should steadily climb across segments. Boughton Precast (~$8M revenue) integrates smoothly as a fourth Geneva plant, eyeing a doubling in 2-3 years via light capex in booming Colorado. Data centers need water solutions fast. With M&A scarce, organic Precast expansion and buybacks top cash priorities. Investors will eye Precast momentum amid confident 'very strong' 2026 tone.
Key Stats
Market Cap
605.68MP/E (TTM)
17.14Basic EPS (TTM)
3.66Dividend Yield
0%Recent Filings
8-K
Exec comp refresh, Brittain retires
NWPX Infrastructure granted PSUs and RSUs to four NEOs on March 12, 2026—CEO Montross got 17,068 PSUs and 5,689 RSUs—tied to EBITDA margin targets vesting through 2029. Signed employment deals effective March 30 with base salaries from $410,000 to $815,000, plus a $175,000/year consultant deal for retiring EVP Brittain starting April 6. Locks in leadership continuity.
10-K
FY2025 results
NWPX Infrastructure rang in FY2025 ended December 31, 2025 with net sales up 6.8% y/y to $526M, as WTS hit $350.9M (up 3.8% on 14% higher prices per ton despite 9% fewer tons from project timing) while Precast surged 13.3% to $175.1M on 8% volume gains and 4% price/mix lift. Gross profit climbed 8.6% to $103.6M (19.7% margin), with WTS margins expanding to 19.1% on pricing power yet tons dipped; Precast held steady at 20.8%. Operating cash flow hit $67.3M. Repurchased $18.4M in shares, leaving $16.4M authorized. Backlog grew to $234M. Project delays in public water transmission could stall quarterly momentum.
8-K
Record sales, Boughton buy
NWPX Infrastructure posted record 2025 net sales of $526.0 million, up 6.8% year-over-year, with gross profit hitting $103.6 million and net income $35.4 million, or $3.56 per diluted share. Q4 sales rose 5.0% to $125.6 million, gross profit soared 19.2%. Completed $9.0 million Boughton precast acquisition on February 23, 2026, expanding into Colorado. Backlogs signal strong 2026 momentum.
8-K
EVP retires; successor named
NWPX Infrastructure's EVP Miles Brittain announced retirement effective April 3, 2026, after notifying on January 15. Mike Wray, internal veteran, steps in as EVP from January 19 with base salary bumped to $450,000. Board upgraded his change-in-control deal, doubling severance multiples to two times salary and bonus. Smooth transition ahead.
8-K
Approves STI, $10M buyback
NWPX Infrastructure approved its 2026 STI on December 10, tying executive bonuses to income before taxes, free cash flow, and safety—CEO target at 100% base salary, others 50-60%. Board then authorized $10M share repurchases on December 11, atop the prior $30M program, via open market or private deals. Repurchases hinge on liquidity and covenants. Flexible timing signals confidence.
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