---
schema_version: "secwatch.filing_event.v1"
accession: "0001437749-23-012333"
form_type: "8-K"
ticker: "NWPX"
cik: "0001001385"
company_name: "NWPX Infrastructure, Inc."
filed_at: "2023-05-03T23:59:59+00:00"
generated_at: "2026-06-15T23:54:34.954105+00:00"
event_type: "earnings"
sentiment: "negative"
materiality_score: 0.6
calibrated_materiality_score: 0.6
confidence: "high"
source: SEC EDGAR
---

# Northwest Pipe Q1 net sales down 9.4% to $99.1M; EPS $0.23 vs $0.36 YoY

## Summary
- Net sales $99.1M (-9.4% YoY); gross profit $16.6M (+12.1%); net income $2.4M ($0.23 diluted EPS) vs $3.6M ($0.36) Q1 2022.
- SPP segment net sales $63.5M (-14.9%); gross margin 12.2% vs 9.6% due to $2.0M liability reserve reversal in prior year.
- Backlog including confirmed orders $370M (near record), up from $341M a year ago; Precast order book $58M (-12% YoY).
- Operating cash flow $26.3M (up from $1.6M); $61M revolver availability; capex $4.4M.
- Precast segment net sales +2.7% to $35.6M; gross margin 24.7% vs 21.9% on better pricing.

## SEC filing metadata
- accession: 0001437749-23-012333
- form_type: 8-K
- ticker: NWPX
- cik: 0001001385
- company_name: NWPX Infrastructure, Inc.
- filed_at: 2023-05-03T23:59:59+00:00
- event_type: earnings
- sentiment: negative
- materiality_score: 0.6
- calibrated_materiality_score: 0.6
- confidence: high
- sec_items: 2.02, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1001385/000143774923012333/0001437749-23-012333-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1001385/000143774923012333/nwpx20230405_8k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001437749-23-012333
- JSON: https://secwatch.observer/filing/0001437749-23-012333.json
- Plain text: https://secwatch.observer/filing/0001437749-23-012333.txt

## Key facts
- Earnings Releases
  NWPX Infrastructure, Inc. reported first quarter ended March 31, 2023 results: revenue $99.1 million, net income $2.4 million, or $0.23 per diluted share, EPS $0.23 per diluted share.
  - Period: first quarter ended March 31, 2023
  - Revenue: $99.1 million
  - Net income: $2.4 million, or $0.23 per diluted share
  - EPS: $0.23 per diluted share
  - Result: reported results
  source text: EX-99.1 (EXHIBIT 99.1) --- EX-99.1 2 ex_497510.htm EXHIBIT 99.1 ex_497510.htm Exhibit 99.1 Northwest Pipe Company Announces First Quarter 2023 Financial Results • Net sales of $99.1 million decreased 9.4% year-over-year; Precast Infrastructure and Engineered Systems segment (“Precast”) net sales increased 2.7% year-over-year • Gross profit of $16.6 million increased
  evidence_url: https://www.sec.gov/Archives/edgar/data/1001385/000143774923012333/0001437749-23-012333-index.htm

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.