NWPXNasdaqSteel Pipe & TubesUS GAAP · USD

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.

Liikevaihto526milj. USD
+6,8 %v/v
Liikevoitto (EBIT)50,9milj. USD
+5,4 %v/v
EBIT-marginaali9,7%
−0,1 %-yks.v/v
Nettotulos35,4milj. USD
+3,5 %v/v
Vapaa kassavirta47,1milj. USD
+37,5 %v/v

Tilikausi 2025 · muutos edellisvuodesta

Kehitys 2020–2025

0200400600milj. USD2020: 286 milj. USD2020: EBIT 26 milj. USD20202021: 333 milj. USD2021: EBIT 16 milj. USD20212022: 458 milj. USD2022: EBIT 45 milj. USD20222023: 444 milj. USD2023: EBIT 34 milj. USD20232024: 493 milj. USD2024: EBIT 48 milj. USD20242025: 526 milj. USD2025: EBIT 51 milj. USD202552651
LiikevaihtoLiikevoitto (EBIT)

Liiketoiminta

Osuus liikevaihdosta
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.

Asiakkaat

The company sells primarily into public infrastructure markets, especially water utilities, municipalities, and public works agencies that need long-life transmission and treatment assets. It also serves engineering firms, contractors, and project developers involved in large water and wastewater capital projects, where product specification and project execution matter. Demand is tied to multi-year utility planning, bid activity, and the timing of funded infrastructure programs.

Municipal water utilities

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

Wastewater and sewer agencies

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

Engineering and construction contractors

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

Public infrastructure owners

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

Strategia

The company focuses on water and wastewater infrastructure markets that are planned over long time horizons and often funded through multi-year capital programs. Its strategy centers on serving large transmission and precast projects with specialized products, broad manufacturing coverage, and a portfolio of brands that address different parts of the water infrastructure value chain.

Win long-cycle water infrastructure projectsKeskipitkä aikaväli

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

Broaden the precast and engineered systems mixKeskipitkä aikaväli

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

Leverage North American manufacturing footprintPitkä aikaväli

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

Maantiede

2025

NWPX is headquartered in Vancouver, Washington and operates 13 manufacturing facilities across North America. Its business is concentrated in the United States, where water infrastructure demand and public utility spending drive most project activity, while its manufacturing footprint supports regional delivery and project logistics. The North American footprint matters because these products are bulky, project-specific, and costly to ship long distances.

USA93 %
Kanada7,3 %

Osuus liikevaihdosta, jonka yhtiö raportoi maantieteellisesti.

Riskit

The business depends on public infrastructure spending, project bidding, and the timing of utility capital programs, so demand can vary with funding cycles and procurement schedules. It also faces commodity, interest-rate, and foreign-currency exposure, along with execution risk in manufacturing and project delivery for large engineered products.

Järjestetty vakavuuden mukaan
Public infrastructure demand cyclicalityKorkea

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

Kohdistuu: Water transmission and precast project bidding

Commodity price volatilityKorkea

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

Kohdistuu: Engineered steel pipe and casing pipe

Project execution and manufacturing disruptionKeskitaso

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

Kohdistuu: North American manufacturing network

Interest rate and foreign currency exposureKeskitaso

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

Kohdistuu: Derivatives and financing activities

Kirjanpito

Harkinnanvaraiset erät
Revenue recognition

Project and product timing can affect when sales are recorded and how quarterly results compare.

Vaikutus: Timing of shipment, installation, or contract milestones

Goodwill

Acquired brands and reporting units may require impairment testing if expectations change.

Vaikutus: Carrying value of reporting units

Derivatives and hedging

Foreign currency forward contracts and interest rate swaps flow through OCI and earnings over time.

Vaikutus: Other comprehensive income and volatility

Lease accounting

Operating and finance leases create balance sheet assets and liabilities for manufacturing sites.

Vaikutus: Leverage and fixed asset-related obligations

Contingencies and litigation

Management must estimate uncertain claims and exposures that may not be resolved immediately.

Vaikutus: Accruals and expense recognition

Julkisesti listattuja yhtiöitä, joilla on samankaltainen liiketoiminta.

Päivitetty: 29.4.2026

NWPX Infrastructure, Inc. (Nasdaq) – Steel Pipe & Tubes | Analyysi – Clarifo