NWPX Infrastructure, Inc. (NASDAQ:NWPX) released its third-quarter 2026 financial results on October 28, 2026, reporting record net sales and gross profit alongside the completion of its second acquisition of the year.

Key Highlights

  • Record consolidated net sales of $179.4 million, up 18.7% from $151.1 million in the third quarter of 2025.
  • Record gross profit of $38.2 million, or 21.3% of net sales, up 18.8% year-over-year.
  • Net income of $18.2 million, or $1.86 per diluted share, a 35.0% increase from $13.5 million, or $1.38 per diluted share, in the third quarter of 2025.
  • Water Transmission Systems (WTS) record backlog including confirmed orders reached $435 million as of September 30, 2026, compared to $301 million as of September 30, 2025.
  • Precast order book was $67 million as of September 30, 2026, up from $55 million a year earlier.
  • Acquisition of Serpentix Conveyor, LLC completed on September 2, 2026, the company's second acquisition in 2026.
  • Operating cash flow of $27.4 million in the third quarter of 2026, compared to $21.0 million in the third quarter of 2025.

NWPX Infrastructure Reports Third-Quarter 2026 Segment and Balance Sheet Results

According to the filing, consolidated net sales rose 18.7% to $179.4 million for the third quarter ended September 30, 2026, driven primarily by the Water Transmission Systems segment. WTS net sales increased 27.0% to $131.9 million from $103.9 million in the prior-year quarter, which the company attributed to 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, though gross margin declined slightly from 21.3% in the prior-year period due to changes in product mix, the filing disclosed.

The Precast Infrastructure and Engineered Systems segment reported net sales of $47.5 million, up 0.6% from $47.2 million in the third quarter of 2025. The filing noted that acquisitions of Boughton's Precast, Inc. and Serpentix together contributed $2.1 million in Precast net sales, partially offset by a 9% decrease in volume shipped at legacy Precast facilities. Precast gross profit increased 8.6% to $10.9 million, or 22.9% of Precast net sales, compared to 21.3% in the prior-year quarter, with the improvement attributed primarily to changes in product mix.

On the balance sheet, the company reported $18.5 million of outstanding revolving loan borrowings and approximately $105 million of additional borrowing capacity as of September 30, 2026. Capital expenditures were $7.0 million in the quarter, compared to $7.8 million in the third quarter of 2025. The filing also noted that the Serpentix acquisition, completed September 2, 2026, involved a manufacturer of engineered conveyor systems used primarily in municipal wastewater treatment plants and industrial manufacturing facilities, and that Serpentix contributed $10 million to the Precast segment's order book as of September 30, 2026.

What Was Disclosed

NWPX Infrastructure disclosed record third-quarter 2026 net sales of $179.4 million, record gross profit of $38.2 million, net income of $18.2 million or $1.86 per diluted share, a record WTS backlog including confirmed orders of $435 million, and the completed acquisition of Serpentix on September 2, 2026.