NWPX Infrastructure, Inc., formerly known as Northwest Pipe Company, reported a 6.8% increase in net sales for the fiscal year ending December 31, 2025, reaching $526.0 million compared to $492.5 million in 2024. The Water Transmission Systems (WTS) segment contributed $350.9 million, a 3.8% increase from the previous year, driven by a 14% rise in selling prices per ton, despite a 9% decrease in production volume. The Precast Infrastructure and Engineered Systems segment saw a more significant growth of 13.3%, totaling $175.1 million, attributed to an 8% increase in volume shipped and a 4% rise in selling prices.
The company's gross profit also improved, rising 8.6% to $103.6 million, representing 19.7% of net sales, compared to 19.4% in 2024. The WTS segment's gross profit increased to $67.1 million, while the Precast segment's gross profit reached $36.5 million. Selling, general, and administrative expenses rose by 11.9% to $52.8 million, primarily due to higher compensation costs. NWPX reported a net income of $35.4 million, slightly up from $34.2 million in 2024, reflecting a stable profit margin of 6.7%.
Strategically, NWPX completed the acquisition of Boughton’s Precast, Inc. for approximately $9.0 million on February 23, 2026, which is expected to enhance its geographic footprint in stormwater infrastructure and sanitary sewer products. The company operates 13 manufacturing facilities across North America and has broadened its manufacturing capabilities to meet growing water and wastewater infrastructure needs. As of December 31, 2025, NWPX employed 1,318 individuals, with a workforce primarily composed of hourly production employees.
Operationally, NWPX's backlog for the WTS segment was $234 million, up from $213 million in 2024, indicating a healthy demand for water infrastructure projects. The company anticipates continued growth in the water infrastructure sector, driven by federal initiatives and increasing urbanization. However, it also faces challenges such as fluctuating steel prices, which represent a significant portion of its cost of sales, and potential delays in public water transmission projects due to economic uncertainties.
Looking ahead, NWPX expects to maintain a strong position in the market, supported by ongoing investments in its manufacturing capabilities and strategic acquisitions. The company plans to continue leveraging federal funding initiatives aimed at improving water infrastructure, while also navigating the challenges posed by economic conditions and competitive pressures.
About NWPX Infrastructure, Inc.
Northwest Pipe Company is a leading manufacturer of water infrastructure products, including steel water pipelines, stormwater and wastewater systems, and precast concrete components. Serving municipal, industrial, and commercial markets across North America, it offers engineered solutions for water transmission, treatment, and environmental protection. The company emphasizes quality, innovation, and safety, leveraging multiple manufacturing facilities to meet growing water infrastructure needs driven by urbanization, regulatory demands, and aging systems.
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