NWPX Infrastructure, Inc.

NWPX Infrastructure, Inc. is a U.S.-based manufacturer of water-related infrastructure products with operations organized into Water Transmission Systems and Precast Infrastructure and Engineered Systems. Through brands including Northwest Pipe Company, NWPX Geneva, and NWPX Park, it supplies steel pipe, precast concrete, and water management components from a network of manufacturing facilities across North America.

19,7 %

6,7 %

+6,8 %

3.78

2.66

— NWPX Infrastructure, Inc.
%
Water Transmission Systems68% Engineered steel pipe, casing pipe, joints, and fittings for large water conveyance projects.
Precast Infrastructure22% Reinforced precast concrete and sanitary sewer components for municipal infrastructure.
Engineered Systems and Water Management Equipment10% Pump lift stations, wastewater pretreatment, and stormwater quality products.

The company sells primarily into public infrastructure markets, especially water utilities, municipalities, and public...

  • Municipal water utilitiesprimary

    Buy engineered water transmission pipe and fittings for potable water delivery and system expansion.

  • Wastewater and sewer agenciesprimary

    Buy precast sanitary sewer components, pump stations, and pretreatment products for collection and treatment systems.

  • Engineering and construction contractorssecondary

    Specify and install the company's products on public infrastructure projects.

  • Public infrastructure ownerssecondary

    Use the company's products in long-term water and wastewater capital programs.

NWPX is headquartered in Vancouver, Washington and operates 13 manufacturing facilities across North America...

  • Headquartered in Vancouver, Washington
  • Operates 13 manufacturing facilities across North America
  • Primary demand is in the United States
  • North American footprint supports heavy, project-based logistics
  • Local manufacturing helps serve regional utility projects

The company focuses on water and wastewater infrastructure markets that are planned over long time horizons and often...

01
Win long-cycle water infrastructure projectsmedium-term

Large utility projects are planned years ahead and support recurring bid opportunities.

02
Broaden the precast and engineered systems mixmedium-term

Adds exposure to wastewater, stormwater, and treatment infrastructure beyond pipe.

03
Leverage North American manufacturing footprintlong-term

Regional plants improve delivery economics for heavy, project-specific products.

The business depends on public infrastructure spending, project bidding, and the timing of utility capital programs, so...

high

Public infrastructure demand cyclicality

Orders depend on municipal and utility capital programs, which are planned and funded over long cycles.

Scope
Water transmission and precast project bidding
Materiality
high
high

Commodity price volatility

Steel and related inputs influence cost of sales and project margins.

Scope
Engineered steel pipe and casing pipe
Materiality
high
medium

Project execution and manufacturing disruption

Custom, heavy products require precise production scheduling and delivery coordination.

Scope
North American manufacturing network
Materiality
medium
medium

Interest rate and foreign currency exposure

The company discloses market risk from interest rates and foreign currency and uses hedging instruments.

Scope
Derivatives and financing activities
Materiality
medium
Revenue recognition
Timing of shipment, installation, or contract milestones
Goodwill
Carrying value of reporting units
Derivatives and hedging
Other comprehensive income and volatility
Lease accounting
Leverage and fixed asset-related obligations
Contingencies and litigation
Accruals and expense recognition

: 29.4.2026