Earnings Releases·Oct 29, 2026, 4:41 PM ET

NPK International Inc. — Third Quarter 2026 Earnings Summary

Revenue grew 11% year-over-year to $76.3 million, driven by 12% growth in rental and service revenue, while Adjusted EBITDA rose 30% to $20.0 million despite a 120 basis point decline in operating margin to 12.0%.
Full-year 2026 guidance remains unchanged at $300–$305 million in revenue and $90–$93 million in Adjusted EBITDA, with capital expenditures projected at $70–$75 million to fund fleet expansion and a 50% capacity increase at the Carencro, Louisiana facility.
The company repurchased $13.4 million of common equity in the quarter, leaving $76 million available under the current authorization, while maintaining strong liquidity with $132.2 million available under its senior secured revolving credit facility.
Third-quarter performance was partially impacted by exceptionally dry weather in Texas delaying large-scale utility projects, though management expects strong rental trends to resume and anticipates double-digit rental growth in coming years.