NPK Q3 revenue beats analyst estimates on demand in the power transmission market, raises FY revenue guidance
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NPK's Q3 revenue surged 56% year-over-year, surpassing analyst expectations with $68.80 million compared to the $57.80 million estimate. The company raised its full-year revenue guidance to $268-$272 million and adjusted EBITDA to $71-$74 million. Demand in the power transmission market and effective operational execution drove this growth. NPK expanded its rental fleet by 13% and improved production output by 5%. Analysts maintain a "buy" rating on the stock, with a median 12-month price target of $12.50, slightly below its recent closing price of $13.66.
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