Filing Flows › Nwpx Infrastructure (NWPX) › Q1 2025
Nwpx Infrastructure (NWPX) Q1 2025 earnings results (first quarter 2025)
10-Q filed May 1, 2025
Nwpx Infrastructure (NWPX) reported revenue of $116M for the first quarter 2025 (Q1 2025), +3% from a year earlier and -3% from the quarter before. Operating margin was 4.8%, net earnings $4.0M (3.4% of revenue).
Nwpx Infrastructure, Q1 2025: revenue $116M (+3% year over year), operating margin 4.8%, net earnings $4.0M, operating cash flow $4.8M. The chart follows the revenue to costs, profit and cash.
| Q1 2025 | Amount | Q/Q | Y/Y |
|---|---|---|---|
| Revenue | $116M | -3% | +3% |
| Gross profit | $19.4M | -14% | -4% |
| Operating profit | $5.6M | -47% | -36% |
| Net earnings | $4.0M | -61% | -24% |
| Operating cash flow | $4.8M | -87% | — |
| Free cash flow | $1.2M | -96% | — |
What changed
Revenue was $116.1M in Q1 2025, up 3% year over year and down 3% from the previous quarter.
Gross margin was 16.7%, down 1.1 points from a year earlier. Operating profit was $5.6M, a 4.8% margin (down 2.9 points year over year). Operating profit fell $3.1M even though revenue rose $2.9M versus a year earlier, so costs grew faster than sales. Operating expenses grew 21% against revenue growth of 3%. Net earnings were $4.0M, down 24% year over year. The effective tax rate was 19.8%.
Operating cash flow was $4.8M, 122% of net earnings. Non-cash charges added back $1.1M of share-based compensation. Working capital and other items used $254K. Capital expenditures of $3.7M left free cash flow of $1.2M.
Questions
What was Nwpx Infrastructure's revenue in the first quarter 2025?
Nwpx Infrastructure (NWPX) reported revenue of $116M for the first quarter 2025 (Q1 2025), +3% from a year earlier and -3% from the quarter before.
Was Nwpx Infrastructure profitable in the first quarter 2025?
Operating profit was $5.6M (4.8% of revenue) and net earnings $4.0M.