secwatch.observer — SEC 8-K summary
======================================

Issuer:     NWPX Infrastructure, Inc. (NWPX)
CIK:        0001001385
Form:       8-K
Filed at:   2022-05-04T23:59:59+00:00
Accession:  0001437749-22-010861
Event type: earnings
Sentiment:  positive
Materiality: 0.70
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Northwest Pipe Q1 beat: net sales $109.3M (+51%), adj EPS $0.42, SPP backlog record $341M
--------------------------------------------------------------------------------

- Net sales $109.3M, up 51.2% YoY; gross profit $14.8M, up 68.5%.
- Net income $0.36 diluted; adjusted net income $0.42 per share vs $0.23 prior year.
- SPP backlog including confirmed orders record $341M; Precast order book record $66M.
- Product liability settlement charge reduced SPP margins; ex-charge margins similar to Q1/Q4 2021.
- Management expects SPP margin expansion into mid-teens in Q2; Precast margin near 22%.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1001385/000143774922010861/0001437749-22-010861-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1001385/000143774922010861/nwpx20220502_8k.htm
  HTML page:      https://secwatch.observer/filing/0001437749-22-010861

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer