NWPX Infrastructure | 8-K: FY2026 Q2 Revenue Beats Estimate at USD 159.48 M

Revenue: As of FY2026 Q2, the actual value is USD 159.48 M, beating the estimate of USD 154.7 M.

EPS: As of FY2026 Q2, the actual value is USD 1.62, beating the estimate of USD 1.3277.

EBIT: As of FY2026 Q2, the actual value is USD 21.32 M.

Consolidated Financial Performance (Three Months Ended June 30, 2026)

Gross Profit

NWPX Infrastructure, Inc. reported a record gross profit of $34.4 million, an increase of 35.5% from $25.4 million in the second quarter of 2025.

Gross Margin

The consolidated gross margin was 21.5% of net sales, an improvement from 19.0% in the second quarter of 2025.

Selling, General, and Administrative Expense (SG&A)

SG&A expense was $13.208 million, up from $12.129 million in the second quarter of 2025.

Operating Income

Operating income increased to $21.151 million from $13.236 million in the second quarter of 2025.

Net Income

Record net income for the quarter was $15.8 million, representing a 74.7% increase from $9.1 million in the second quarter of 2025.

Water Transmission Systems (WTS) Segment Performance (Three Months Ended June 30, 2026)

WTS Gross Profit

Record WTS gross profit reached $24.2 million, up 60.9% from $15.1 million in the second quarter of 2025.

WTS Gross Margin

WTS gross margin expanded by 360 basis points to 21.4% of WTS net sales, compared to 17.8% in the second quarter of 2025.

WTS Backlog

WTS backlog was $305 million as of June 30, 2026, compared to $298 million as of June 30, 2025.

WTS Backlog Including Confirmed Orders

WTS backlog including confirmed orders was $423 million as of June 30, 2026, an increase from $348 million as of June 30, 2025.

Precast Infrastructure and Engineered Systems (Precast) Segment Performance (Three Months Ended June 30, 2026)

Precast Gross Profit

Precast gross profit decreased by 1.7% to $10.1 million from $10.3 million in the second quarter of 2025.

Precast Gross Margin

Precast gross margin improved by 70 basis points to 21.9% of Precast net sales, compared to 21.2% in the second quarter of 2025.

Precast Order Book

The Precast order book was $61 million as of June 30, 2026, compared to $56 million as of June 30, 2025.

Cash Flow and Balance Sheet Highlights

Net Cash Provided by Operating Activities

For the three months ended June 30, 2026, net cash provided by operating activities was $14.1 million, an increase from $5.4 million in the second quarter of 2025.For the six months ended June 30, 2026, net cash provided by operating activities was $43.340 million, up from $10.272 million in the same period of 2025.

Capital Expenditures

Capital expenditures were $4.2 million in the second quarter of 2026, compared to $3.5 million in the second quarter of 2025.For the six months ended June 30, 2026, capital expenditures were - $7.688 million, compared to - $7.165 million in the same period of 2025.

Borrowing Capacity

As of June 30, 2026, NWPX Infrastructure, Inc. had no outstanding revolving loan borrowings and an additional borrowing capacity of approximately $124 million under its revolving credit facility.

Cash and Cash Equivalents

Cash and cash equivalents at the end of the period were $19.320 million as of June 30, 2026, compared to $2.273 million at the beginning of the period.

Outlook

NWPX Infrastructure, Inc. anticipates that its performance in the third quarter of 2026 will be comparable to, or stronger than, the second quarter of 2026. This expectation is based on healthy demand across its end markets, elevated bidding activity, and positive momentum in the Precast business. The company projects that 2026 is poised to be a historic year.