NPK International Q3 revenue up on steady demand from power transmission customers
NPKI•NPK International’s third-quarter revenue rose 11% year over year to $76.30 million, slightly below the $76.61 million analyst consensus. Adjusted EBITDA increased 30%, its margin expanded 390 basis points, and the company repurchased $13.4 million of shares.
1. Quarterly results
NPK International reported third-quarter revenue of $76.30 million, up 11% year over year and slightly below analysts’ $76.61 million consensus. Net income was $6.11 million. Adjusted EBITDA rose 30% year over year, with its margin up 390 basis points.
2. Demand and outlook
Sustained demand from power transmission customers and robust quoting activity supported growth, while exceptionally dry weather in Texas reduced matting demand. The company expects 2026 revenue of $300 million to $305 million and adjusted EBITDA of $90 million to $93 million. It said strong rental and service trends are expected to finish 2026 and its 2027 growth outlook is unchanged.
3. Share repurchases
NPK International repurchased $13.4 million of shares during the quarter. Operating cost optimization contributed to the improved adjusted EBITDA margin.
