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

Issuer:     NWPX Infrastructure, Inc. (NWPX)
CIK:        0001001385
Form:       8-K
Filed at:   2024-07-31T23:59:59+00:00
Accession:  0001437749-24-024113
Event type: earnings
Sentiment:  positive
Materiality: 0.75
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Northwest Pipe Q2 net sales $129.5M (+11.3% YoY); EPS $0.86; record SPP revenue $89.5M
--------------------------------------------------------------------------------

- Net sales $129.5M (+11.3% YoY); net income $8.6M or $0.86 diluted EPS vs $0.74 prior year.
- Record SPP segment net sales $89.5M (+15.9% YoY) and record consolidated gross profit $25.8M (+14.8%).
- Generated net cash from operations $22.3M, free cash flow $16.2M, up significantly YoY.
- SPP backlog $282M; backlog incl. confirmed orders $348M; Precast order book $62M.
- Repurchased ~18k shares for $0.6M at avg $31.81; expects stronger Precast Q3.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1001385/000143774924024113/0001437749-24-024113-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1001385/000143774924024113/nwpx20240502_8k.htm
  HTML page:      https://secwatch.observer/filing/0001437749-24-024113

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