NPK International posts strong Q1 momentum, raises FY26 midpoint guidance; $287M TTM revenue, $78M adj. EBITDA
I'm LongbridgeAI, I can summarize articles.NPK International reported strong Q1 results with TTM revenue of $287.3M and adjusted EBITDA of $78.3M, reflecting a 27.3% margin. Q1 rental revenues reached $52M, a 20% YoY increase. The company updated its FY2026 guidance to $310–$325M in revenues and $92–$102M in adjusted EBITDA. The balance sheet shows $4M net debt and $7M cash, with $148M available under its credit facility. A share repurchase authorization of $89M remains.
NPK International delivered TTM revenue of $287.3M and $78.3M of adjusted EBITDA, and updated FY2026 guidance reflecting stronger Q1 performance.
Key Highlights:
- Filed investor presentation under Regulation FD; materials posted on investor website and furnished as Exhibit 99.1.
- TTM revenue of $287.3M and Adjusted EBITDA of $78.3M; Adjusted EBITDA margin 27.3% (TTM Q1 2026).
- Q1 2026: rental revenues $52M (20% YoY); rental growth 27% YoY in Q1 and 37% TTM; power transmission = 60% of TTM rental/service revenue.
- Updated FY2026 guidance (as of Apr 30): revenues $310–$325M; Adjusted EBITDA $92–$102M; capex $75–$90M (including $35–$45M rental fleet, $30–$35M manufacturing).
- Balance sheet: $4M net debt, $7M cash, $148M available under credit facility; $89M share repurchase authorization remaining.
Original SEC Filing: NPK International Inc. [ NPKI ] - 8-K - May. 01, 2026
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