NPK International Inc. (NYSE: NPKI) announced its financial results for the three and nine months ended September 30, 2026, in a press release filed with the SEC on October 29, 2026. For the third quarter of 2026, the company reported total revenues of $76.3 million, representing an 11% increase compared to the prior year period.
The company’s operating income from continuing operations was $9.2 million, resulting in an operating margin of 12.0%. Net income from continuing operations was $6.3 million, or $0.07 per diluted share. The company also reported Adjusted EBITDA from continuing operations of $20.0 million, a 30% increase year-over-year, with an adjusted EBITDA margin of 26.2%.
On the balance sheet, as of September 30, 2026, NPK International held total cash of $4.2 million and total debt of $26.3 million. The company utilized $13.4 million of cash during the third quarter to repurchase 1.0 million shares of common stock, with $76 million remaining under its current repurchase authorization.
Regarding full-year 2026 guidance, NPK International anticipates revenues between $300 million and $305 million, adjusted EBITDA between $90 million and $93 million, and capital expenditures between $70 million and $75 million. The company noted that exceptionally dry weather in Texas negatively impacted matting demand during the third quarter, leading to a reduction in full-year guidance, though rental project activity has strengthened in October.
