NWPX Infrastructure, Inc. reported first quarter ended March 31, 2026 results: revenue $138.3 million, net income $10.5 million, EPS $1.08 per diluted share.
“EX-99.1 (EXHIBIT 99.1) --- EX-99.1 2 ex_935306.htm EXHIBIT 99.1 ex_935306.htm Exhibit 99.1 NWPX Infrastructure Announces First Quarter 2026 Financial Results • Net sales of $138.3 million, an increase of 19.1% year-over-year, and record first quarter gross profit of $26.7 million, an increase of 37.7% year-over-year • Record first quarter Water Transmission”
Debt Financings
NWPX Infrastructure, Inc. amended revolving credit of up to $125 million with Wells Fargo Bank, National Association maturing August 13, 2030.
“2023, and the Fourth Amendment (together, the “Amended Credit Agreement”) provides for a revolving loan, swingline loan, and letters of credit in the aggregate amount of up to $125 million, with an option for the Company to increase that amount by $50 million, subject to the provisions of the Amended Credit Agreement. Revolving loans under the Amended Credit”
Governance Changes
NWPX Infrastructure, Inc.: Amended Bylaws to reflect the corporate name change to NWPX Infrastructure, Inc (effective 2025-06-12).
“The Company also amended its Bylaws on the same day to reflect the Name Change.”
Governance Changes
NWPX Infrastructure, Inc.: Amended Articles of Incorporation to change corporate name from Northwest Pipe Company to NWPX Infrastructure, Inc (effective 2025-06-12).
“The only change to the Company’s Amended and Restated Articles of Incorporation and Amended and Restated Bylaws is the change of the corporate name from Northwest Pipe Company to NWPX Infrastructure, Inc. in each document.”
Auditor Changes
NWPX Infrastructure, Inc. engaged Baker Tilly US, LLP as its auditor.
“the Audit Committee of the Company’s Board of Directors approved the appointment of Baker Tilly, as the successor to Moss Adams, as the Company’s independent registered public accounting firm”
Auditor Changes
Moss Adams LLP resigned as auditor of NWPX Infrastructure, Inc..
“☐ Item 4.01 CHANGES IN REGISTRANT’S CERTIFYING ACCOUNTANT On June 3, 2025, Northwest Pipe Company (the “Company”) was notified that Moss Adams LLP (“Moss Adams”), the Company’s independent registered public accounting firm, merged with Baker Tilly US, LLP effective June 3, 2025.”
Earnings Releases
NWPX Infrastructure, Inc. reported quarter ended March 31, 2024 results: revenue $113.2 million, net income $5.2 million, EPS $0.52 per diluted share.
“Northwest Pipe Company Announces First Quarter 2024 Financial Results • Net sales of $113.2 million increased 14.2% year-over-year, a record for first quarter revenues • Gross profit of $20.1 million increased 21.5% year-over-year, the highest first quarter gross profit in 11 years • Net income of $ 0.52 per diluted share”
Facts are extracted by an LLM and gated to those whose source quote is present verbatim in the filing text. Coverage is best-effort while backfill and monitoring mature; this is not yet a full-market index. See methodology.