NWPX Q1 2026 Earnings Call Transcript

Motley Fool Transcribing, The Motley Fool

Thu, April 30, 2026 astatine 10:21 AM CDT 21 min read

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DATE

Thursday, April 30, 2026 astatine 10 a.m. ET

CALL PARTICIPANTS

• President and Chief Executive Officer — Scott J. Montross

• Chief Financial Officer — Aaron Wilkins

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Full Conference Call Transcript

Scott J. Montross: Good morning, and invited to the NWPX Infrastructure, Inc. First Quarter 2026 Earnings Conference Call. My sanction is Scott J. Montross, and I americium President and CEO of NWPX Infrastructure, Inc. I americium joined contiguous by Aaron Wilkins, our Chief Financial Officer. By now, each of you should person entree to our net property release, which was issued yesterday, April 29, astatine astir 4:00 p.m. Eastern Time. This telephone is being webcast and it is disposable for replay. As we begin, I would similar to punctual everyone that statements made connected this telephone regarding our expectations for the aboriginal are forward-looking statements, and existent results could disagree materially.

Please notation to our astir caller Form 10-K for the twelvemonth ended 12/31/2025 and our different SEC filings for treatment of specified hazard factors that could origin existent results to disagree materially from our expectations. We undertake nary work to update immoderate forward-looking statements. Thank you each for joining america today. I volition statesman with a reappraisal of our archetypal 4th show and our outlook for 2026, and past Aaron volition locomotion you done our financials successful much detail. We delivered a beardown commencement to 2026. Net income were up 19% year-over-year to $138.3 million, reflecting meaningful maturation crossed some our Water Transmission Systems (WTS) and Precast businesses.

Our strategy delivered grounds archetypal 4th consolidated gross nett of $26.7 million, up 38% from past year, with our gross borderline expanding 260 ground points year-over-year to 19.3%. That spot carried done to the bottommost line, highlighting the operating leverage successful our exemplary and continued execution crossed the organization. We generated grounds archetypal 4th profitability with net of $1.08 per share, and produced beardown escaped currency travel of $25.7 million, oregon $2.62 per share, reinforcing the spot and consistency of our net illustration and the resilience of our currency flows. Turning to our WTS segment, gross reached a archetypal 4th grounds of $93.5 million, up 19% year-over-year with beardown borderline improvement.

Our show reflected higher accumulation volume, with tons produced up 18%, supported by beardown task execution. This maturation came contempt adverse upwind that caused unscheduled downtime crossed 3 WTS facilities aboriginal successful the quarter. Selling prices were up 1% year-over-year driven by changes successful merchandise mix, and we besides benefited from favorable task timing crossed respective ample h2o transmission jobs. In addition, we saw 1 of our strongest booking quarters to day with robust bidding enactment and the emergence of a important antecedently unplanned task that is nether NDA, which volition lend positively to our 2026 result, each of which contributed to a important summation successful our backlog, reinforcing the spot of request crossed our markets.