NPK Reports Third Quarter 2026 Results
Key Highlights
- ➤Q3 revenue $76.3 million, up 11% year over year
- ➤Q3 Adjusted EBITDA $20.0 million, up 30%; margin expanded 390 basis points
- ➤2026 revenue guidance $300 million-$305 million
- ➤2026 Adjusted EBITDA guidance $90 million-$93 million
- ➤Repurchased $13.4 million of common equity; $76 million authorization remains
Expert Statements
Matthew Lanigan, President and CEO of NPK International
“We generated third quarter year-over-year revenue and adjusted EBITDA growth of 11% and 30%, respectively, despite delayed deployments on several large projects.”
Matthew Lanigan, President and CEO of NPK International
“While the exceptionally dry weather in Texas negatively impacted matting demand during the third and early fourth quarter and caused us to lower our full-year guidance, the underlying demand trends in our core power transmission markets remain robust as rental project activity has significantly strengthened throughout October.”
Matthew Lanigan, President and CEO of NPK International
“As a result, we expect strong rental and service trends to finish the year and our growth expectations for 2027 remain unchanged.”
Matthew Lanigan, President and CEO of NPK International
“We remain focused on executing our key growth initiatives, including expanding our manufacturing capacity, growing our rental fleet, and further diversifying our customer base and geographic footprint.”
Matthew Lanigan, President and CEO of NPK International
“Our manufacturing facility expansion remains on track to begin operations by mid-2027, supporting accelerated fleet growth and reducing our reliance on cross-rental mats.”
Matthew Lanigan, President and CEO of NPK International
“We also continue to evaluate organic growth opportunities and strategic acquisitions to expand our presence in new and underpenetrated markets and further increase market share.”
Matthew Lanigan, President and CEO of NPK International
“These investments reflect our confidence in the strength and long-term durability of the growth trends driving our business.”
Matthew Lanigan, President and CEO of NPK International
“Our strong liquidity position provides us the flexibility to balance our growth investments with the return of capital through our disciplined share repurchase program.”
Matthew Lanigan, President and CEO of NPK International
“Our quoting activity has remained robust, maintaining year-over-year growth of approximately 20% throughout the year, demonstrating the strong fundamental demand trends benefitting our business.”
Matthew Lanigan, President and CEO of NPK International
“We believe our strategic investments position us well to capitalize on these attractive growth opportunities, which combined with our consistent operational execution, give us confidence in our ability to deliver double-digit rental growth in the coming years.”
Matthew Lanigan, President and CEO of NPK International
“We are excited about the opportunities ahead and remain focused on capitalizing on favorable market trends, executing our growth strategy and delivering long-term value for our shareholders.”
NPK International Inc. (NYSE: NPKI) (“NPK” or the “Company”) today announced results for the three and nine months ended September 30, 2026.
(all comparisons versus the prior year period unless otherwise noted)
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