NWPX Infrastructure

Q2 FY2026 EarningsQ2 FY26 results significantly beat consensus across all key profitability metrics. Revenue reached $159.5M vs. $154.7M expected, driven by a 33.8% YoY surge in Water Transmission Systems (WTS). Gross margin outperformed at 21.5% vs. 20.4% consensus, while Diluted GAAP EPS of $1.62 substantially exceeded the $1.33 mean estimate. Strong bidding activity resulted in a healthy $305M backlog, though Precast volume saw a moderate 11% YoY decline due to softening housing markets.