Filing Flows › Nwpx Infrastructure (NWPX) › Q2 2025
Nwpx Infrastructure (NWPX) Q2 2025 earnings results (second quarter 2025)
10-Q filed Aug 8, 2025
Nwpx Infrastructure (NWPX) reported revenue of $133M for the second quarter 2025 (Q2 2025), +3% from a year earlier and +15% from the quarter before. Operating margin was 9.9%, net earnings $9.1M (6.8% of revenue).
Nwpx Infrastructure, Q2 2025: revenue $133M (+3% year over year), operating margin 9.9%, net earnings $9.1M, operating cash flow $5.4M. The chart follows the revenue to costs, profit and cash.
| Q2 2025 | Amount | Q/Q | Y/Y |
|---|---|---|---|
| Revenue | $133M | +15% | +3% |
| Gross profit | $25.4M | +31% | -2% |
| Operating profit | $13.2M | +138% | -3% |
| Net earnings | $9.1M | +129% | +5% |
| Operating cash flow | $5.4M | +12% | -76% |
| Free cash flow | $1.9M | +64% | -88% |
What changed
Revenue was $133.2M in Q2 2025, up 3% year over year and up 15% from the previous quarter.
Gross margin was 19.0%, down 0.9 points from a year earlier. Operating profit was $13.2M, a 9.9% margin (down 0.6 points year over year). Operating profit fell $383K even though revenue rose $3.7M versus a year earlier, so costs grew faster than sales. Operating expenses fell 1% while revenue rose 3%. Net earnings were $9.1M, up 5% year over year. The effective tax rate was 27.5%.
Operating cash flow was $5.4M (down 76% year over year), 60% of net earnings. Non-cash charges added back $1.6M of share-based compensation. Working capital and other items used $5.2M. Capital expenditures of $3.5M left free cash flow of $1.9M.
Questions
What was Nwpx Infrastructure's revenue in the second quarter 2025?
Nwpx Infrastructure (NWPX) reported revenue of $133M for the second quarter 2025 (Q2 2025), +3% from a year earlier and +15% from the quarter before.
Was Nwpx Infrastructure profitable in the second quarter 2025?
Operating profit was $13.2M (9.9% of revenue) and net earnings $9.1M.