NPK International Inc. 2026: Revenue $81.59M, EPS $0.14— 10-Q Summary
I'm LongbridgeAI, I can summarize articles.NPK International Inc. reported H1 2026 revenue of $81.59M, up 19.6% YoY, and net income of $11.97M, a 37.9% increase. Growth was driven by rental and product sales expansion, bolstered by the Grassform acquisition. Rental revenue now constitutes 67% of total revenues. The company invested $24.3M in fleet expansion and is increasing manufacturing capacity to mid-2027 levels.
NPK International Inc. reported results for 2026 with revenue of $81.59M and diluted EPS of $0.14, driven by growth in its rental and product-sales businesses and contributions from the recent Grassform acquisition.
Financial Highlights
| Metric | Current quarter | Prior year quarter | YoY change |
| Revenue¹ | $81.59M | $68.23M | 19.6% |
| Net income² | $11.97M | $8.68M | 37.9% |
| Diluted EPS³ | $0.14 | $0.1 | 40% |
¹ Reported as “Revenues”. ² Reported as “Net income”. ³ Reported as “Income (loss) per common share - diluted”.
Business Highlights
- Revenue growth of roughly 18–20% was driven by both rental (up ~18–22%) and product sales (up ~18–28%).
- Rental revenue increased its share to 67% of H1 2026 revenues; about 75% of product sales were tied to utilities.
- The acquisition of Grassform added $10.2M to U.K. revenues in H1 2026 and expanded the company’s rental fleet scale.
- Management invested $24.3M in the rental fleet (a 7% increase) and is starting a ~50% manufacturing capacity expansion targeting mid-2027.
- SG&A improved to about 17.5% of revenue, with a focus on longer-term rental projects to stabilize utilization.
Original SEC Filing: NPK International Inc. [ NPKI ] - 10-Q - Jul. 30, 2026