Consolidated net income was $9.1 million or $0.91 per diluted share, up from $8.6 million or $0.86 per diluted share in Q2 2024.
Free cash flow turned positive at $3.1 million in the first half of 2025 compared to negative $14.4 million in the same period last year.
Gross profit decreased 1.7% to $25.4 million with a gross margin of 19%, down from 19.9% in the prior year.
NWPX reported record-setting second quarter 2025 results with net sales of $133.2 million, a 2.8% increase year-over-year.
Precast segment sales grew 21.5% to a record $48.6 million driven by strong residential demand and higher selling prices.
Water Transmission Systems (WTS) segment sales declined 5.5% to $84.6 million due to lower production volumes but saw a 4% increase in selling price per ton.
WTS gross margin declined by 120 basis points to 17.8%, while Precast gross margin decreased by 90 basis points to 21.2%.
Battery category performed well, while Auto Care was softer due to mild weather; the new Podium Series exceeded launch expectations in 15,000 doors.
Energizer delivered a strong third quarter with results ahead of expectations, reflecting margin restoration, growth investments, and operational agility.
Organic sales growth, gross margin improvement, and earnings growth were achieved in the quarter, with EPS at $0.78 excluding production credits, outperforming consensus.
Returned $84 million to shareholders via dividends and share repurchases in the quarter, with an additional $27 million repurchased in July while maintaining leverage.
The acquisition of Advanced Power Solutions is expected to add $40 million to $50 million in net sales for the fiscal year without immediate earnings impact.