Northwest Pipe Q1 net income down to $0.39 EPS; plans name change to NWPX Infrastructure

NWPX Infrastructure, Inc.

2025-Q1 EPS reported $0.39 revenue$116,115,000

Net sales $116.1M (+2.6% YoY); net income $4.0M ($0.39/diluted) vs $5.2M ($0.52) in Q1 2024.
SPP segment revenue $78.4M (-2%); Precast revenue $37.7M (+13.4%) with margin up to 19.1%.
SPP backlog $203M including confirmed orders $289M; Precast order book $64M (+23% YoY).
Company will seek shareholder approval in June to rename to NWPX Infrastructure, Inc.
Repurchased $5.0M of common stock (~122k shares at avg $40.82) in April 2025.

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