NPK International Inc. (NPKI) SEC Filings & Earnings Calls
EquiReason read 18 NPK International Inc. SEC filings in the last 12 months. Latest: 8-K on 2026-09-14 — NPK International appoints James Barton as EVP Commercial Growth & Operations, succeeding Lori Briggs. Barton brings experience from Tidal Vision, ZECO, Mayco Wellchem, Baker Hughe.
Source: SEC EDGAR filings · figures as of 2026-06-30 · read by EquiReason
- Market cap
- 924.7M
- P/E TTM
- 21.8
- Dividend yield
- —
- 52-week
- —
- Next earnings
- 29 Oct, in 5 days
Every filing, read
last 12 months · SECWhat happened, the numbers inside, guidance and risks. The original is one click away.
2 Sep 20268-K · 5.02CFO Gregg Piontek to retire by August 2027; Matthew Warren appointed CAO effective August 31, 2026. Succession search initiated.open
Risks flagged
Key person risk: CFO departure over a year away, but succession search ongoing.
“NPK has initiated a formal search for Mr. Piontek’s successor in consultation with a global executive search firm.” · word for word
30 Jul 202610-QNPK International reported Q2 2026 revenue growth of 20% YoY, with strong rental and product sales growth, though H1 gross margin declined 130 bps.earningsopen
Figures in the filing · each found in the filing text
| Revenue · Q2-2026 | $82M | +20% y/y |
| Net income · Q2-2026 | $12M | +38% y/y |
| Income from continuing operations · Q2-2026 | $12M | +37% y/y |
| Operating cash flow · H1-2026 | $43M | +42% y/y |
| Total debt · 2026-06-30 | $11M | |
| Rental revenues · Q2-2026 | $37M | +18% y/y |
| Product sales revenues · Q2-2026 | $28M | +28% y/y |
Risks flagged
Rental fleet utilization risk
“The decline in gross profit margin is primarily due to modestly lower rental fleet utilization attributable to the timing of large-scale project completions in the first half of 2026.” · word for word
Cross-rental cost pressure
“Higher cross-rental costs required to meet customer rental demand.” · word for word
Manufacturing expansion execution risk
“We expect to invest $40 million to $45 million through the second quarter of 2027 to complete this expansion.” · word for word
29 Jul 20268-K · 2.02NPK International reported Q2 2026 revenues $81.6M (+20% YoY), operating income $16.1M, adjusted EBITDA $25.7M (31.5% margin); raised full-year earnings guidance; record rental revenue; manufacturing expansion on track.earningsopen
Figures in the filing · each found in the filing text
| Revenue · Q2-2026 | $82M | +20% y/y |
| Operating income from continuing operations · Q2-2026 | $16M | +39% y/y |
| Income from continuing operations per diluted share · Q2-2026 | $0.14 | +40% y/y |
| Adjusted EBITDA from continuing operations · Q2-2026 | $26M | +37% y/y |
| Adjusted EBITDA margin from continuing operations · Q2-2026 | 31.5% | |
| Gross margin · Q2-2026 | 37.0% | |
| Rental and service revenue · Q2-2026 | $54M | +16% y/y |
| Product sales revenue · Q2-2026 | $28M | +28% y/y |
| Free Cash Flow · Q2-2026 | $6M | -47% y/y |
| Total debt · 2026-06-30 | $11M |
Guidance
Full-year earnings guidance raised
Raised full-year earnings guidance; strong demand and margin expansion; manufacturing expansion on track.
Risks flagged
Timing of large projects is difficult to predict
“CEO: 'While timing of large projects is difficult to predict'”
Demobilization of several large-scale projects in Q2
“CEO: 'successfully navigated the demobilization of several large-scale projects'”
1 May 202610-QRevenue $75M (+16% y/y); Net Income $10M (+4% y/y); Operating Cash Flow $21M (+139% y/y); Guidance: Capex guidance raised to $75M-$90M for FY2026; manufacturing capacity expansion of ~50% with $40M-$45M investment over five quartersopen
Figures in the filing · each found in the filing text
| Revenue · Q1-2026 | $75M | +16% y/y |
| Net Income · Q1-2026 | $10M | +5% y/y |
| Operating Cash Flow · Q1-2026 | $21M | +139% y/y |
| Free Cash Flow · Q1-2026 | $4M | |
| Rental Revenue · Q1-2026 | $36M | +27% y/y |
| Service Revenue · Q1-2026 | $16M | +7% y/y |
| Product Sales Revenue · Q1-2026 | $23M | +8% y/y |
| Gross Profit Margin · Q1-2026 | 36.2% | |
| Capital Expenditures · Q1-2026 | $17M | +67% y/y |
| Share Repurchases · Q1-2026 | $3M | -75% y/y |
Guidance
Capex guidance raised to $75M-$90M for FY2026; manufacturing capacity expansion of ~50% with $40M-$45M investment over five quarters
Management is investing aggressively in capacity expansion, signaling strong demand visibility. Gross margin is under near-term pressure from cross-rental costs and expansion expenses, but pricing and manufacturing leverage are improving.
Risks flagged
Cross-rental cost pressure on margins
“The decline in gross profit margin is primarily attributable to the impact of approximately $3.5 million of cross-rental costs required to meet customer rental demand” · word for word
Manufacturing expansion execution risk
“expenses associated with our manufacturing expansion effort” · word for word
Large project timing risk on utilization
“modestly lower rental fleet utilization attributable to the timing of large-scale projects” · word for word
30 Apr 20268-K · 2.02Revenues $75M (+16% y/y); Income from continuing operations $10M (+0% y/y); Diluted EPS $0.12 (+0% y/y); Guidance: Full-year fiscal 2026 guidance raisedearningsopen
Figures in the filing · each found in the filing text
| Revenues · Q1-2026 | $75M | +16% y/y |
| Income from continuing operations · Q1-2026 | $10M | 0% y/y |
| Diluted EPS · Q1-2026 | $0.12 | 0% y/y |
| Adjusted EBITDA from Continuing Operations · Q1-2026 | $23M | +14% y/y |
| Adjusted EBITDA margin · Q1-2026 | 29.9% | |
| Operating cash flow · Q1-2026 | $21M | +140% y/y |
| Free Cash Flow · Q1-2026 | $5M | +717% y/y |
| Rental and Service revenue · Q1-2026 | $52M | +20% y/y |
| Product sales · Q1-2026 | $23M | +8% y/y |
| Total debt · Q1-2026 | $11M |
Guidance
Full-year fiscal 2026 guidance raised
Raised full-year guidance due to strong Q1 performance and confidence in utility spending trends; board approved capacity expansion.
9 Apr 2026DEF 14AAnnual proxy statement disclosing executive compensation, governance practices, and shareholder proposals for 2026 annual meeting.open
Figures in the filing · each found in the filing text
| Consolidated EBITDA · FY2025 | $76M | -24% y/y |
| Operating Cash Flow · FY2025 | $73M | |
| Net Income · FY2025 | $39M | |
| Total Shareholder Return (TSR) · FY2025 | $620.83 | +55% y/y |
| Peer Group TSR · FY2025 | $200.49 | +14% y/y |
| TRIR (Total Recordable Incident Rate) · FY2025 | $0.67 | |
| Risk Resolution · FY2025 | 90.0% | |
| Annual Incentive Payout (as % of target) · FY2025 | 153.0% | |
| Performance-Based Cash Award Payout (as % of target) · FY2025 | 183.0% | |
| CEO Compensation Actually Paid · FY2025 | $12M | +175% y/y |
Risks flagged
Transition to equity-based awards may increase compensation volatility
“Because SEC disclosure rules require reporting cash-based awards for the year earned and stock-based awards in the year granted, total compensation for 2025 appears higher than in prior years.” · word for word
Divestiture of Fluids Systems segment impacts comparability
“On September 13, 2024, we completed the sale of the equity interests in one of our subsidiaries which held substantially all of the Company’s Fluids Systems segment” · word for word
27 Feb 202610-KRental fleet assets, net $164M; Guidance: 2026 capex guided $45-55Mopen
Figures in the filing · each found in the filing text
| Rental fleet assets, net · 2025-12-31 | $164M |
Guidance
2026 capex guided $45-55M
Management expects growth in power transmission sector; capex guidance indicates investment; no explicit revenue or margin guidance.
Risks flagged
Customer Concentration
“During 2025, approximately 74% of our revenues were derived from our 20 largest customers, of which our three largest customers represented 19%, 15%, and 10%, respectively, of our revenues.” · word for word
Raw Material Price Volatility (HDPE)
“Our business is highly dependent on the availability of HDPE, which is the primary raw material used in the manufacture of our recyclable composite mats.” · word for word
Cybersecurity Incident
“We have experienced a ransomware incident in the past, and we expect cybersecurity threats and attacks involving our systems, data and the third-party systems upon which we rely to continue.” · word for word
26 Feb 20268-K · 7.01Issued a Regulation FD disclosure (forward guidance or material update); filed financial statements and exhibits with this reportopen
Risks flagged
No material risk signals; filing is boilerplate.
25 Feb 20268-K · 2.02Revenues $75M (+31% y/y); Rental revenues $35M (+35% y/y); Adjusted EBITDA from Continuing Operations $22M (+27% y/y); Guidance: FY2026 revenue $305-325M (midpoint $315M, +14% YoY); Adj. EBITDA $88-100M (midpoint $94M, +25% YoY).earningsopen
Figures in the filing · each found in the filing text
| Revenues · Q4-2025 | $75M | +31% y/y |
| Rental revenues · Q4-2025 | $35M | +35% y/y |
| Adjusted EBITDA from Continuing Operations · Q4-2025 | $22M | +27% y/y |
| Adjusted EBITDA margin from Continuing Operations · Q4-2025 | 28.8% | |
| Free Cash Flow · Q4-2025 | $6M | |
| Total cash · Q4-2025 | $5M | |
| Total debt · Q4-2025 | $17M | |
| Full Year Revenues · FY2025 | $277M | +27% y/y |
| Full Year Adjusted EBITDA from Continuing Operations · FY2025 | $76M | +38% y/y |
| Full Year Free Cash Flow · FY2025 | $30M |
Guidance
FY2026 revenue $305-325M (midpoint $315M, +14% YoY); Adj. EBITDA $88-100M (midpoint $94M, +25% YoY).
FY2026 guidance implies 14% revenue growth and 25% Adj. EBITDA growth at midpoint; quoted volumes up 30%.
Risks flagged
No material risk signals; strong performance and guidance raise.
24 Nov 20258-K · 1.01, 2.01, 7.01Entered a material definitive agreement (acquisition, partnership, or major contract); completed an acquisition or disposition of significant assetsopen
Risks flagged
Integration risk; earn-out may indicate performance uncertainty.
“Additional potential consideration based on improvements in Grassform's trailing twelve-month performance.”
12 Nov 20258-K · 5.02Reported the departure of a director or principal officer (CEO/CFO change); filed financial statements and exhibits with this reportopen
Risks flagged
Low risk; transition appears orderly with CAO staying through Spring 2026.
“Douglas White will continue as non-executive employee to assist in transition through Spring 2026.”
31 Oct 202510-QNPK reported strong Q3 2025 results with revenue up 56% YoY and gross margin expansion of 440 bps, driven by power transmission demand and composite matting adoption.earningsopen
Figures in the filing · each found in the filing text
| Revenue · Q3-2025 | $69M | +56% y/y |
| Gross Profit Margin · Q3-2025 | 31.9% | |
| Operating Income from Continuing Operations · Q3-2025 | $9M | |
| Net Income from Continuing Operations · Q3-2025 | $6M | |
| Capital Expenditures · 9M-2025 | $34M | |
| Operating Cash Flow · 9M-2025 | $55M | |
| Total Debt · 2025-09-30 | $10M |
Risks flagged
Customer Concentration
“this customer contributed 18% of our total revenues in the first nine months of 2025 compared to less than 10% in 2024.” · word for word
Elevated Transportation Costs
“Cost of revenues in the third quarter of 2025 was negatively impacted by ... approximately $1.0 million of elevated transportation costs required to meet customer project timelines” · word for word
Cross-Rent Costs
“Cost of revenues in the third quarter of 2025 was negatively impacted by elevated cross-rent costs required to meet customer demand” · word for word
31 Oct 20258-K · 7.01Issued a Regulation FD disclosure (forward guidance or material update); filed financial statements and exhibits with this reportopen
Risks flagged
No material risk signals; filing is boilerplate.
30 Oct 20258-K · 2.02Revenues $69M (+56% y/y); Rental revenues $30M (+57% y/y); Adjusted EBITDA from Continuing Operations $15M (+105% y/y); Guidance: FY2025 revenue guidance raised to $268-272M; Adj. EBITDA to $71-74M.earningsopen
Figures in the filing · each found in the filing text
| Revenues · Q3-2025 | $69M | +56% y/y |
| Rental revenues · Q3-2025 | $30M | +57% y/y |
| Adjusted EBITDA from Continuing Operations · Q3-2025 | $15M | +105% y/y |
| Adjusted EBITDA margin from Continuing Operations · Q3-2025 | 22.3% | |
| Free Cash Flow · Q3-2025 | $13M | |
| Total cash · Q3-2025 | $36M | |
| Total debt · Q3-2025 | $10M | |
| Gross margin · Q3-2025 | 31.9% |
Guidance
FY2025 revenue guidance raised to $268-272M; Adj. EBITDA to $71-74M.
Raised FY2025 guidance; record utilization; capex increased by $10M.
Risks flagged
Short-notice project changes introduced operational inefficiencies and modest margin pressure in Q3.
“Short-notice changes introduced some operational inefficiencies and modest margin pressure in the quarter.” · word for word
NPK International Inc. — questions
- What did NPK International Inc. file recently?
- 18 SEC filings in the last 12 months. Latest: 8-K on 2026-09-14 — NPK International appoints James Barton as EVP Commercial Growth & Operations, succeeding Lori Briggs. Barton brings experience from Tidal Vision, ZECO, Mayco Wellchem, Baker Hughes.
Every figure on this page comes from NPK International Inc.'s own SEC filings — see them on SEC EDGAR. Price data is licensed and shown only inside the product.
How these figures are read: methodology · EquiReason.