Edward Jackson

Julio Romero

Brent Thielman

David Wright

Jean Paul Ramirez

- NWPX Infrastructure, formerly Northwest Pipe Company, focuses on two main business units: **Water Transmission Systems** and **Precast** infrastructure. The Precast business, acquired in January 2020, is a key area for future growth.  **[1001385_2147526_0]** 
- The company aims to grow its Precast business to **$200 million** and the overall business to **$1 billion**, primarily through **M&A** in the fragmented Precast market. To facilitate this, NWPX is willing to increase its debt leverage from approximately **0.6x** to **2x-2.5x**, or potentially up to **3x** for a transformational acquisition.  **[1001385_2147526_1]** **[1001385_2147526_2]** 
- The **Water Transmission Systems** business anticipates a strong backlog for **2026**, driven by a significant bidding quarter in **Q4 2025**. The company expects **IIJA funding** to boost demand and potentially increase margins in this segment to **20%**.  **[1001385_2147526_3]** **[1001385_2147526_9]** 
- The **Precast business** is experiencing varied trends: the Utah-based residential segment (Geneva) grew from **$41 million in revenue in 2020 to $82 million in 2024** and remains strong, while the Texas-based ParkUSA business is recovering from interest rate impacts with improving margins. A "product spread" strategy is projected to generate **$12 million in bookings** this year.  **[1001385_2147526_5]** **[1001385_2147526_7]**

NWPX Infrastructure (NWPX)