NPK International Reports Strong Q2 Earnings and Raises Full-Year Guidance
NPK International (NYSE:NPKI) reported second-quarter revenue of $82 million, a 20% increase year over year. Adjusted EBITDA rose by 37% to $26 million with an adjusted margin of 31.5%. The company attributed the growth to strong performance in rental and service revenue as well as increased product sales. The firm raised its full-year guidance, narrowing its revenue forecast to a range of $313–$323 million and increasing adjusted EBITDA expectations to between $97 million and $103 million. This implies midpoint growth rates of 15% for revenue and 32% for adjusted EBITDA compared to the prior year. NPK is also investing in a Louisiana manufacturing expansion expected to boost capacity by about 50% by mid-2027, while maintaining modest net debt levels. Management highlighted continued momentum across core markets despite challenges from large project completions and seasonal slowdowns.
Tickers: $NPKI
Topics: capacity_expansion ebitda_increase guidance_update revenue_growth