NPK International Q1 2026 Earnings Release with Revenue Growth and Guidance Raise

NPK International reported strong first quarter 2026 results with revenue of $75.1 million, a 16% increase year-over-year, driven by record rental and services revenues and strong utility customer demand. The company achieved operating income of $14.4 million and diluted EPS of $0.12. Adjusted EBITDA from continuing operations was $22.5 million, representing a 29.9% margin. The company raised its full-year 2026 guidance, now expecting revenues of $310-325 million and Adjusted EBITDA of $92-102 million. NPK announced board approval for a 50% manufacturing capacity expansion with a $40-45 million investment expected to be completed by mid-2027. The company maintained strong liquidity with $6.5 million cash, $10.6 million debt, and $148 million available under its credit facility. During Q1, NPK generated $21.1 million in operating cash flow and repurchased $2.7 million of common equity.