NWPX

EX-99.1

2 ex_996700.htm

EXHIBIT 99.1

ex_996700.htm

Exhibit 99.1

NWPX Infrastructure Announces Third Quarter 2026 Financial Results

• Record net sales of $179.4 million, up 18.7% year-over-year, and record gross profit of $38.2 million, up 18.8% year-over-year

• Record Water Transmission Systems segment (“WTS”) net sales of $131.9 million, up 27.0% year-over-year, and record WTS gross profit of $27.3 million, up 23.4% year-over-year

• Precast Infrastructure and Engineered Systems segment (“Precast”) net sales of $47.5 million, up 0.6% year-over-year, and Precast gross profit of $10.9 million, up 8.6% year-over-year

• Net income of $18.2 million, or $1.86 per diluted share

•

WTS backlog1 of $264 million; record backlog including confirmed orders2 of $435 million

• Precast order book3 of $67 million

• Completed acquisition of Serpentix Conveyor, LLC (“Serpentix”) on September 2, 2026

VANCOUVER, Washington—October 28, 2026—NWPX Infrastructure, Inc. (NASDAQ: NWPX) (“NWPX Infrastructure” and the “Company”), a leading manufacturer of water-related infrastructure products, today announced its financial results for the third quarter ended September 30, 2026. The Company will broadcast its third quarter 2026 earnings conference call on Thursday, October 29, 2026 at 7:00 a.m. PT.

Management Commentary

“The third quarter of 2026 was another outstanding quarter for NWPX Infrastructure, highlighted by record financial performance across several key metrics,” said Scott Montross, President and Chief Executive Officer of NWPX Infrastructure. “We generated record quarterly revenue of $179.4 million and record gross profit, representing a consolidated gross margin of 21.3%, along with earnings per diluted share of $1.86. These results reflect the strength and resilience of our businesses, disciplined execution across our operations, and our continued ability to capitalize on favorable market conditions. WTS led our performance, delivering record revenue and record gross profit with a strong gross margin of 20.7%. WTS backlog including confirmed orders reached a record $435 million, even after recognizing $31.0 million in revenue associated with our NDA project during the quarter, providing excellent visibility into future production activity. Precast also delivered solid results, with revenue and gross profit exceeding the prior year, and an approximate 160-basis point improvement in gross margin to 22.9%. We are particularly encouraged by the continued growth of our data center business, which continues to represent an attractive opportunity within our Precast segment.”

Mr. Montross continued, “As we look ahead, we remain very optimistic about the strength of our business and our opportunities for continued success. Despite the typical impact of two major holidays and weather-related disruptions in the fourth quarter, we currently anticipate stronger performance than both the fourth quarter of 2025 and the first quarter of 2026. We expect WTS backlog to remain elevated through year-end, supported by continued demand for critical water infrastructure, while our Precast business is expected to remain steady. Taken together, we believe our record backlog and attractive opportunities across our businesses position NWPX Infrastructure to conclude an exceptionally strong record year in 2026 and enter 2027 with significant momentum.”

1

Third Quarter 2026 Financial Results

Consolidated

•

Net sales increased 18.7% to $179.4 million from $151.1 million in the third quarter of 2025.

• Gross profit increased 18.8% to $38.2 million, or 21.3% of net sales, from $32.2 million, or 21.3% of net sales, in the third quarter of 2025.

• Net income increased 35.0% to $18.2 million, or $1.86 per diluted share, compared to $13.5 million, or $1.38 per diluted share, in the third quarter of 2025. The third quarter of 2026 marked the highest net income in the Company’s history aside from the third quarter of 2018 which included a $21.9 million bargain purchase gain associated with the acquisition of Ameron Water Transmission Group, LLC.4

Water Transmission Systems Segment (WTS)

•

WTS net sales increased 27.0% to $131.9 million from $103.9 million in the third quarter of 2025 driven by a 19% increase in selling price per ton due to changes in product mix and a 7% increase in tons produced resulting from changes in project timing.

• WTS gross profit increased 23.4% to $27.3 million, or 20.7% of WTS net sales, from $22.1 million, or 21.3% of WTS net sales, in the third quarter of 2025 due to increased volume and selling prices, which have increased in line with input costs. WTS gross margin decreased due to changes in product mix.

• WTS backlog was $264 million as of September 30, 2026, compared to $305 million as of June 30, 2026, and $257 million as of September 30, 2025. Backlog including confirmed orders was $435 million as of September 30, 2026, compared to $423 million as of June 30, 2026, and $301 million as of Septembe

nwpx20260501_8k.htm

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2026-07-29 2026-07-29

UNITED STATES

SECURITIES AND EXCHANGE COMMISSION

Washington, D.C. 20549

FORM 8-K

CURRENT REPORT

Pursuant to Section 13 OR 15(d) of The Securities Exchange Act of 1934

Date of Report (Date of earliest event reported): July 29, 2026

NWPX Infrastructure, Inc.

(Exact name of registrant as specified in its charter)

Oregon

0-27140

93-0557988

(State or other jurisdiction of incorporation)

(Commission File Number)

(IRS Employer Identification No.)

201 NE Park Plaza Drive, Suite 100

Vancouver, WA 98684

(Address of principal executive offices and Zip Code)

Registrant’s telephone number, including area code: 360-397-6250

Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions:

☐

Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)

☐

Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)

☐

Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))

☐

Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))

Securities registered pursuant to Section 12(b) of the Act:

Title of each class

Trading Symbol(s)

Name of each exchange on which registered

Common Stock, par value $0.01 per share

NWPX

Nasdaq Global Select Market

Indicate by check mark whether the registrant is an emerging growth company as defined in Rule 405 of the Securities Act of 1933 (§230.405 of this chapter) or Rule 12b-2 of the Securities Exchange Act of 1934 (§240.12b-2 of this chapter).

Emerging growth company ☐

If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act. ☐

Item 2.02.

RESULTS OF OPERATIONS AND FINANCIAL CONDITION

On July 29, 2026, NWPX Infrastructure, Inc. (the “Company”) issued a press release announcing its financial results for the quarter ended June 30, 2026 and its current outlook. The press release contains forward-looking statements regarding the Company, and includes cautionary statements identifying important factors that could cause actual results to differ materially from those anticipated. The press release issued July 29, 2026 is furnished herewith as Exhibit No. 99.1 to this Report, and shall not be deemed filed for purposes of Section 18 of the Exchange Act.

Item 9.01.

FINANCIAL STATEMENTS AND EXHIBITS

(d)

Exhibits

99.1 Press Release issued by NWPX Infrastructure, Inc. dated July 29, 2026

104 Cover Page Interactive Data File (embedded within the Inline XBRL document)

SIGNATURE

Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized on July 29, 2026.

NWPX INFRASTRUCTURE, INC.

(Registrant)

By

/s/ Aaron Wilkins

Aaron Wilkins,

Senior Vice President, Chief Financial Officer, and Corporate Secretary

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