NWPX Infrastructure Inc
For the period ended Jun 30, 2025. Filed Aug 8, 2025.
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A company's report for each of its first three quarters. The financial statements are not audited. It shows how the business has moved since the last annual report, and what management says changed.
Jun 30, 2025 · Filed Aug 8, 2025
NWPX$91.68+5.0%Stored close · as of Nov 9, 2026
Extracted filing text, with the paragraph anchors used by the comparison.
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Table of Contents
NWPX INFRASTRUCTURE, INC.
FORM 10‑Q
TABLE OF CONTENTS
| Page | |
|---|---|
| PART I - FINANCIAL INFORMATION | |
| Item 1. Financial Statements (Unaudited): | |
| Condensed Consolidated Statements of Operations for the three and six months ended June 30, 2025 and 2024 | 2 |
| Condensed Consolidated Statements of Comprehensive Income for the three and six months ended June 30, 2025 and 2024 | 3 |
| Condensed Consolidated Balance Sheets as of June 30, 2025 and December 31, 2024 | 4 |
| Condensed Consolidated Statements of Stockholders’ Equity for the three and six months ended June 30, 2025 and 2024 | 5 |
| Condensed Consolidated Statements of Cash Flows for the six months ended June 30, 2025 and 2024 | 7 |
| Notes to Condensed Consolidated Financial Statements | 8 |
| Item 2. Management’s Discussion and Analysis of Financial Condition and Results of Operations | 19 |
| Item 3. Quantitative and Qualitative Disclosures About Market Risk | 26 |
| Item 4. Controls and Procedures | 26 |
| PART II - OTHER INFORMATION | |
| Item 1. Legal Proceedings | 26 |
| Item 1A. Risk Factors | 26 |
| Item 2. Unregistered Sales of Equity Securities and Use of Proceeds | 26 |
| Item 5. Other Information | 27 |
| Item 6. Exhibits | 28 |
| Signatures | 29 |
Part I –** FINANCIAL INFORMATION**
Item 1. Financial Statements
NWPX INFRASTRUCTURE, INC. AND SUBSIDIARIES
CONDENSED CONSOLIDATED STATEMENTS OF OPERATIONS
(In thousands, except per share amounts)
| Three Months Ended June 30, | Six Months Ended June 30, | |||
|---|---|---|---|---|
| 2025 | 2024 | 2025 | 2024 | |
| Net sales | $133,182 | $129,505 | $249,297 | $242,720 |
| Cost of sales | 107,817 | 103,691 | 204,567 | 196,772 |
| Gross profit | 25,365 | 25,814 | 44,730 | 45,948 |
| Selling, general, and administrative expense | 12,129 | 12,195 | 25,925 | 23,639 |
| Operating income | 13,236 | 13,619 | 18,805 | 22,309 |
| Other income (loss) | 21 | (228) | 28 | (221) |
| Interest expense | (763) | (1,823) | (1,398) | (3,297) |
| Income before income taxes | 12,494 | 11,568 | 17,435 | 18,791 |
| Income tax expense | 3,431 | 2,949 | 4,408 | 4,934 |
| Net income | $9,063 | $8,619 | $13,027 | $13,857 |
| Net income per share: | ||||
| Basic | $0.91 | $0.87 | $1.31 | $1.40 |
| Diluted | $0.91 | $0.86 | $1.30 | $1.38 |
| Shares used in per share calculations: | ||||
| Basic | 9,882 | 9,912 | 9,908 | 9,914 |
| Diluted | 9,961 | 9,995 | 10,041 | 10,025 |
The text of this filing, as the company filed it with the SEC, without its images or exhibits. This is not investment advice.