Key Highlights:

  • WTS Revenue came in at USD 113.2 million, growing 33.8% year over year as production tons increased 26%.
  • Diluted EPS totaled USD 1.62 per share, representing a record for the company due to improved operating leverage on higher.
  • Free Cash Flow Guidance stood at USD 56 million to USD 65 million for the full year 2026.
  • Consolidated Net Sales was reported at USD 159.5 million, an increase of 19.7% year over year driven by strength.

NWPX Infrastructure, Inc. (NASDAQ:NWPX) is scheduled to report third quarter results on Wednesday, Oct. 28, after the market close. Consensus estimates call for adjusted earnings per share of USD 1.65 on revenue of USD 167.74 million, against a market capitalization of USD 933.46 million.

In the most recently reported quarter, WTS Revenue came in at USD 113.2 million, growing 33.8% year over year as production tons increased 26%. Diluted EPS totaled USD 1.62 per share, representing a record for the company due to improved operating leverage on higher revenues.

WTS Gross Margin and Other Business Trends

WTS Gross Margin came in at 21.4%, an expansion of 3.6 percentage points reflecting higher overhead absorption and disciplined project execution. Precast Revenue totaled USD 46.3 million, a 4.8% decrease resulting from an 11% decline in shipment volumes caused by adverse weather in Texas. Precast Order Book stood at USD 61 million, an increase from USD 55 million at the end of the first quarter of 2026 due to strong momentum in June. Steel Material Cost was reported at 34% to 35% of cost of sales, currently functioning as a pass-through cost that increases total gross profit dollars despite higher steel prices.

What Management Guided

CapEx Guidance came in at USD 20 million to USD 24 million for the full year, including USD 6 million to support the precast product spread strategy. SG&A Expense Guidance totaled USD 54 million to USD 56 million for the full year, updated to reflect higher incentive compensation and employee benefits. Effective Tax Rate Guidance stood at 24% to 26% for the full year, primarily impacted by nondeductible permanent differences.

WTS Backlog and Capital Position

WTS Backlog came in at USD 423 million including confirmed orders, reflecting robust bidding activity despite producing 15% of a large NDA project. Production Utilization totaled approximately 65%, providing capacity for the company to add shifts as regional demand for infrastructure products increases. Bidding Activity stood at 150,000 tons expected for the full year 2026, exceeding the 138,000 tons bid in 2025 due to healthy end-market demand. NDA Project Completion was reported at 15% of the unplanned large-scale project was produced during the second quarter, providing visibility into third quarter production. Dodge Momentum Index came in at 22% increase in June, indicating broad-based strength in nonresidential construction through 2027.

Net Cash Position and Additional Detail

Net Cash Position came in at USD 9.3 million at quarter end, reflecting improved profitability and favorable changes in working capital. Borrowing Capacity totaled USD 124 million available under the existing credit agreement, supporting future growth and stockholder return priorities. WTS Average Selling Price stood at 6% increase per ton, reflecting favorable changes in product mix and pricing relative to steel costs. Precast Average Selling Price was reported at 7% increase over last year, helping mitigate the financial impact of lower shipment volumes.

Figures to Follow in the Release

Investors can watch third quarter results against the figures management has already put on record, including the following: Free Cash Flow Guidance came in at USD 56 million to USD 65 million for the full year 2026, raised from the prior range of USD 50 million to USD 56 million because of stronger earnings.