NPKI

Interested in NPK International Inc.? Here are five stocks we like better. Strong second-quarter performance: Revenue rose 20% year over year to $82 million, while adjusted EBITDA increased 37% to $26 million, supported by record rental and service revenue and a 28% increase in product sales. 2026 outlook raised: NPK narrowed its revenue forecast to $313 million–$323 million and raised adjusted EBITDA guidance to $97 million–$103 million, implying midpoint growth of 15% and 32%, respectively. Expansion and financial position: The company is investing in a Louisiana manufacturing expansion expected to increase capacity by about 50% by mid-2027, while expanding its rental fleet and maintaining modest net debt of approximately $2 million. NPK International (NYSE:NPKI) reported second-quarter 2026 revenue of $82 million, up 20% from a year earlier, as growth in product sales and rental activity drove higher profitability. The company also raised its full-year adjusted EBITDA outlook following what President and CEO Matthew Lanigan described as continued momentum in its core markets. Adjusted EBITDA rose 37% year over year to $26 million, producing a 31.5% margin. Adjusted earnings per share from continuing operations were $0.15, compared with $0.11 a year earlier and $0.12 in the first quarter. → Why SK hynix Could Be the Best AI Chip Stock to Buy Now Rental and service revenue reached a quarterly record of $54 million, increasing 16% from the prior-year period and 3% sequentially. Rental revenue grew 18% year over year, including 4% organic growth and a $4 million contribution from the Grassform acquisition. Service revenue increased 12%, with substantially all of that gain tied to the acquisition, Chief Financial Officer Gregg Piontek said. The company managed several large project completions during the quarter that collectively represented more than 25% of its domestic mat fleet. Lanigan said the accelerated timing of those completions tested the company’s ability to redeploy assets, but the business still grew profitably. → Microsoft Just Flipped the AI Spending Narrative Overnight “Our ability to absorb these large project transitions while continuing to grow profitably in the quarter once again demonstrates the benefits of our scale,” Lanigan said. Product sales contributed $28 million in second-quarter revenue, up 28% from a year earlier and 21% sequentially. Piontek attributed the increase primarily to demand from utility customers and elevated international sales. During the question-and-answer session, Lanigan clarified that the international sales were not made in the United Kingdom. → Carrier Earnings Could Send the Stock to a New All-Time High Second-quarter gross margin was 37%, improving 80 basis points from the first quarter and matching the prior-year level. Piontek said stronger product sales and stable rental margins supported the sequential improvement. The company also cited increased manufacturing operating leverage, partly offset by lower rental utilization tied to project completions. NPK narrowed its full-year revenue forecast to a range of $313 million to $323 million and increased its adjusted EBITDA outlook to $97 million to $103 million. At the midpoint, the company expects revenue growth of 15% and adjusted EBITDA growth of 32% over 2025. For the third quarter, management expects rental and service revenue to remain roughly in line with the second-quarter level, despite the company’s typical seasonal slowdown in project activity and ongoing fleet redeployment from recently completed projects. That would represent year-over-year growth of more than 20%, according to Piontek. Product sales are expected to return to levels more consistent with the first quarter after what management characterized as an exceptionally strong second quarter. Third-quarter gross margin is expected to be roughly consistent with the first-half result, subject to project timing. Lanigan said the company’s pipeline of quoted work was up about 20% year over year, with more than half of the quoted volume originating in expansion geographies. He said NPK was not seeing effects from concerns affecting some participants in the data-center-related market, adding that its pipeline was “fairly advanced and locked in.” The company said it currently has no mats deployed on data-center construction. Lanigan said more than 70% of its fleet is deployed on transmission projects, while much of the remaining domestic fleet serves oil-and-gas activity around U.S. fracking basins. In the United Kingdom, the company’s operations are more concentrated in transmission, rail and general construction. NPK invested $4 million during the quarter in its Louisiana manufacturing expansion project, which is expected to increase production capacity by approximately 50%. The project remains on track for a mid-2027 startup, although the company reduced its 2026 capital expenditure plan primarily because of changes in the timing of expansion spending. Total net capital expenditures are now expected to range from $65 million to $80 million in 2026, including: $20 million to $25 million for the manufacturing expansion; $35 million to $45 million for rental fleet expansion; and Investment intended to expand the DURA-BASE rental fleet by a low- to mid-teens percentage. Management said additional fleet capacity should support organic growth and reduce the need for cross-rented assets. Piontek said cross-rental costs have been relatively stable but represent about a three-point headwind to rental-and-service margins. Over time, the company expects lower use of cross-rented mats to provide a margin benefit. Net cash from operating activities totaled $22 million in the quarter, while free cash flow was $6 million. The company expanded its rental fleet by 3% during the period. NPK ended the quarter with $11 million in total debt and $8 million in cash, for net debt of about $2 million, along with $148 million of availability under its bank facility. Management said the Grassform acquisition is performing ahead of expectations as NPK integrates its two U.K. platforms. Lanigan said the company remains prepared to pursue additional acquisitions that could expand its presence in geographic markets, provided the economics are attractive. On the U.S. market, Lanigan said most current work remains on existing transmission lines and rights-of-way rather than greenfield projects. He said higher-voltage transmission construction planned for 2027 and 2028 could require materially more matting, estimating that larger projects may use roughly 1.5 times the matting required for current rights-of-way work. The company also said its customer base is becoming more geographically diversified. Piontek noted that a large customer represented 19% of business in 2025 after successful large-project activity, and management has been focused in 2026 on broadening its customer mix. NPK International, Inc (NYSE: NPKI) is a specialty chemical distributor supplying a broad range of industrial and performance materials across diverse end-markets. Its product portfolio includes acetic acid and derivatives, alcohols, ketones, esters, glycol ethers, glycols, specialty solvents, select inorganic chemicals and crop-protection intermediates. These materials serve industries such as coatings, adhesives and sealants, oil and gas, personal care, pharmaceuticals, agrochemicals and water treatment. The company places a strong emphasis on supply-chain security and technical service, maintaining warehousing, logistics support and laboratory capabilities at its regional distribution centers. This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to [email protected]. The article "NPK International Q2 Earnings Call Highlights" was originally published by MarketBeat. View MarketBeat's top stocks for July 2026.

NPK International Inc. has already reported its second-quarter and six-month 2026 results, showing higher sales of US$81.59 million and US$156.66 million respectively, alongside increased net income of US$11.97 million and US$22.43 million versus the prior year. Alongside these stronger results, NPK International raised its full-year 2026 revenue outlook to US$313 million–US$323 million, signaling management’s increased confidence in the company’s operating momentum. We’ll now examine how NPK International’s raised full-year revenue guidance could influence the existing investment narrative around growth and earnings quality. The future of work is here. Discover the 34 top robotics and automation stocks leading the charge in AI-driven automation and industrial transformation. To own NPK International, you need to believe the company can turn stronger rental and product demand into consistent, high quality earnings despite project timing and sector cyclicality. The raised 2026 revenue outlook, backed by higher first half sales and net income, supports the near term growth catalyst but does not remove the key risk that large infrastructure and utility projects could slow or be delayed, which may still create revenue and margin volatility for shareholders. The most relevant announcement is management lifting full year 2026 revenue guidance to US$313 million to US$323 million, following Q2 and first half results that showed higher sales and earnings versus last year. This guidance increase reinforces the current narrative that NPK’s rental and product portfolio is gaining traction, yet it also raises the stakes around execution on large project pipelines and the risk that any pullback in infrastructure or utility spending could quickly pressure the company’s improved earnings profile. Yet investors should be aware that heavy exposure to large infrastructure and utility projects could still leave NPK vulnerable if... Read the full narrative on NPK International (it's free!) NPK International's narrative projects $405.8 million revenue and $70.0 million earnings by 2029. Uncover how NPK International's forecasts yield a $20.33 fair value, a 63% upside to its current price. Two members of the Simply Wall St Community currently estimate NPK International’s fair value between US$20.33 and US$36.75, showing how far apart individual views can be. Before you anchor on any one estimate, consider how much the company’s dependence on large infrastructure and utility projects could affect future revenues and earnings if project pipelines slow or shift, and explore several alternative viewpoints. Explore 2 other fair value estimates on NPK International - why the stock might be worth over 2x more than the current price! Don't just follow the ticker - dig into the data and build a conviction that's truly your own. A great starting point for your NPK International research is our analysis highlighting 2 key rewards and 1 important warning sign that could impact your investment decision. Our free NPK International research report provides a comprehensive fundamental analysis summarized in a single visual - the Snowflake - making it easy to evaluate NPK International's overall financial health at a glance. Every day counts. These free picks are already gaining attention. See them before the crowd does: Capitalize on the AI infrastructure supercycle with our selection of the 56 best 'picks and shovels' of the AI gold rush converting record-breaking demand into massive cash flow. Explore 26 top quantum computing companies leading the revolution in next-gen technology and shaping the future with breakthroughs in quantum algorithms, superconducting qubits, and cutting-edge research. Outshine the giants: these 16 early-stage AI stocks could fund your retirement. This article by Simply Wall St is general in nature. We provide commentary based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. We aim to bring you long-term focused analysis driven by fundamental data. Note that our analysis may not factor in the latest price-sensitive company announcements or qualitative material. Simply Wall St has no position in any stocks mentioned. Companies discussed in this article include NPKI. Have feedback on this article? Concerned about the content? Get in touch with us directly. Alternatively, email [email protected]

This article first appeared on GuruFocus. Release Date: July 30, 2026 For the complete transcript of the earnings call, please refer to the full earnings call transcript. Revenue increased 20% year-over-year to $82 million, driven by strong growth in both product sales and rentals. Adjusted EBITDA improved 37% year-over-year to $26 million, with a margin of 31.5%. Rental and service revenues hit a quarterly record of $54 million, up 16% year-over-year. Product sales surged 28% year-over-year to $28 million, fueled by utility demand and international sales. Full-year adjusted EBITDA guidance was raised to $97-$103 million, reflecting strong profitability and favorable outlook. Large-scale project completions accelerated, causing a temporary dip in fleet utilization and rental revenue timing. Q3 is expected to be a seasonal low point, with rental and service revenues only in line with Q2. Product sales are expected to revert to Q1 levels after an exceptionally strong Q2. Cross-rental costs remain a headwind, impacting rental and service margins by approximately 3 points. SG&A expenses increased to $14.2 million, partly due to a $0.9 million charge from retirement eligibility modifications. Here are the key highlights from the NPK International Inc (NYSE:NPKI) Q2 2026 earnings call, presented as summarized Q&A pairs. Warning! GuruFocus has detected 2 Warning Sign with NPKI. Is NPKI fairly valued? Test your thesis with our free DCF calculator. Q: Can you talk about the visibility and confidence in your guidance, especially regarding any potential impacts from a slowdown in data center spending or secondary effects on customer spending? A: (Matthew Lanigan, President and CEO) We are not seeing any impact from the recent market volatility affecting other participants in the space. Our pipeline is fairly advanced and locked in, so we are not concerned about any risk there. While project timings can shift, our visibility is good, and the second half is very much in line with the guidance we provided. Q: Can you provide more color on the drivers of the strong margin performance, and specifically the impact from cross-rentals on the business and how that might reverse as you bring on new capacity? A: (Greg Piontek, SVP and CFO) The cost of cross-rentals has been stable, representing about a 3-point headwind on rental and service margins. We expect to reduce this over time, providing a lift. The margin improvement is driven by mix (trending toward higher-margin rentals) and significant operating leverage and cost management on both the rental operations and manufacturing sides. We don't see a substantial change to this dynamic going forward. Q: How concentrated was the rental growth this quarter, and are you seeing a broadening of your customer base among top accounts? A: (Matthew Lanigan, President and CEO) The demobilizations this quarter were largely attributed to one of our larger customers, which actually helped address concentration in the rental mix. Outside of that, the distribution was fairly standard across multiple regions. We are seeing a build-up in our emerging or growing regions, which is encouraging for a broader geographic distribution of activity. Q: How much of the fleet is deployed on transmission and distribution work versus data center site development and other end markets? A: (Matthew Lanigan, President and CEO) We have no mats deployed on data center build-out or development. The majority of our rental distribution reflects our revenue concentrations: roughly 70% of the fleet is on transmission projects, with the balance largely on domestic oil and gas fracking basins and in the UK, which is also concentrated on transmission, rail, and general construction. Q: How are you thinking about additional acquisitions at this point, relative to the integration of Grassform? A: (Matthew Lanigan, President and CEO) We remain consistent in our approach and will continue to look for opportunities that accelerate our presence in geographic markets if the economics pencil out. The integration of Grassform is going very well. It was a business that ran itself well, and we didn't want to change that materially, so it has not been a distraction. We are prepared to move on the next acquisition if it presents itself. Q: Regarding the accelerated project completions, what were the dynamics behind the scenes that led to this? Was it customers trying to get through work more quickly, or a shift in priorities? A: (Matthew Lanigan, President and CEO) These were projects that had been running for almost a year, so the acceleration was a matter of days at the end of several hundred-day projects. The ability to accurately call the end date is always dependent on other parts of the supply chain and labor productivity. Customers are motivated to wind up projects as soon as they can, and we saw a few projects finish a few days early. At the scale of these projects, that has a noticeable impact on the P&L. There was no macro change to the business dynamic; it was business as normal. Q: Given the amount of electricity data centers consume, do you see a burgeoning opportunity for work on mini-distribution lines or transmission lines connecting them to the grid? A: (Matthew Lanigan, President and CEO) Connectivity to loads is key. While data centers capture the narrative, we are also seeing onshoring of manufacturing and other sources of load demand. All of these will need some form of interconnectivity to the grid. Every large load will need to be supplied by a line unless it is sitting right next to an existing transmission line, and that represents a significant opportunity for our business. Q: Are you laying down mats for greenfield projects, or are you still working mostly on brownfield projects? What could change if that transition starts to occur? A: (Matthew Lanigan, President and CEO) The majority of our work is still on existing lines and rights-of-way (brownfield) versus greenfield. The major driver for a shift to greenfield will likely be the higher voltage lines, with most meaningful construction on those planned for the 2027-2028 timeframe. As a rough rule of thumb, these larger, higher-voltage trunks require about 1.5 times the matting. Q: Can you talk about what you are seeing in the UK market, particularly regarding demand and opportunities? A: (Matthew Lanigan, President and CEO) The UK market is playing out exactly as we thought. Demand remains strong. Our businesses there had a slightly softer start to the year as customers organized themselves after the holiday season, but we are seeing the market continue to strengthen and perform well. I also want to clarify that our elevated international product sales in Q2 were into other markets, not the UK. For the complete transcript of the earnings call, please refer to the full earnings call transcript.

Company reports $82 million revenues, $0.14 diluted EPS; Raises full-year earnings guidance THE WOODLANDS, Texas, July 29, 2026--(BUSINESS WIRE)--NPK International Inc. (NYSE: NPKI) ("NPK" or the "Company") today announced results for the three and six months ended June 30, 2026. SECOND QUARTER 2026 RESULTS (all comparisons versus the prior year period unless otherwise noted) Revenues of $81.6 million, +20% Operating income from continuing operations of $16.1 million, 19.7% operating margin Income from continuing operations of $12.0 million, or $0.14 per diluted share Adjusted EBITDA from Continuing Operations of $25.7 million, 31.5% Adjusted EBITDA margin Total cash of $8.4 million and total debt of $10.6 million as of June 30, 2026 MANAGEMENT COMMENTARY "We are pleased with the strong financial results for the second quarter of 2026, reflecting consistent execution by our team members across the organization, continued momentum in our core power transmission markets, and efficient margin realization," stated Matthew Lanigan, President and CEO of NPK International. "During the second quarter, we successfully navigated the demobilization of several large-scale projects and delivered 20% year-over-year revenue growth, highlighted by another quarter of record rental revenue and robust demand for product sales, while adjusted EBITDA grew 37%. Supported by sustained market strength and an ongoing focus on operational excellence, we are well positioned for continued strength in the second half of 2026 and have raised our full year earnings guidance. Lanigan continued, "We have continued to make important progress on our strategic initiatives, as evidenced by our strong operating momentum. Notably, we have advanced our Carencro, Louisiana manufacturing expansion effort, which remains on track to start up by mid-2027, expanding capacity by approximately 50%. During the second quarter, we invested more than $4 million of the expected $40 million to $45 million required to complete the project, and we are confident that this expansion and our continuing debottlenecking initiatives will both enhance margins through reduced usage of cross-rental mats while also supporting our longer-term growth objectives. "Our capital allocation strategy continues to prioritize investments in the growth of our rental fleet and our manufacturing capacity expansion to support sustained organic growth, strategic acquisitions, and the return of capital through our disciplined share repurchase program. With minimal net debt and nearly $150 million of availability under our bank facility, we are well positioned to pursue our strategic growth and capital allocation priorities. "The outlook for utility transmission spending remains robust, driven by projected load growth, an aging infrastructure, and the need to connect new capacity to the grid. While timing of large projects is difficult to predict, we remain confident in the near-term outlook and our ability to continue generating double-digit rental growth in the coming years. We continue to be encouraged by the opportunities ahead and remain confident in our ability to execute on our strategic priorities and create durable value for our shareholders," concluded Lanigan. BUSINESS UPDATE NPK’s business plan is designed to drive organic commercial growth within targeted, higher-margin product and rental markets; improve asset optimization and organizational efficiency; and pursue a capital allocation strategy that prioritizes investments with superior return profiles, together with a programmatic return of capital program. Second quarter 2026 highlights include: Strong customer demand for matting rental and related services. Revenues from specialty rental and related services increased to $54 million in the second quarter of 2026, with record rental revenues driven by strong demand from key customer accounts in support of power transmission projects and the impact of our recent acquisition. Revenues from product sales were $28 million for the second quarter of 2026, our highest quarterly level in two years, primarily reflecting the continued strong demand from utility companies. Improved operating efficiency. NPK remains focused on efficiency improvements and operating cost optimization across every aspect of its business. In the second quarter of 2026, NPK’s Adjusted EBITDA Margin was 31.5%, a 400 basis improvement from the prior year period, and SG&A as a percentage of revenue was 17.4%, a 260 basis point improvement versus the prior year period. In May 2026, the Compensation Committee of our Board of Directors modified the retirement eligibility terms applicable to our long-term incentive awards, including unvested grants from 2024 and 2025. As a result, SG&A for the second quarter of 2026 includes a $0.9 million charge reflecting the acceleration of compensation expense for such awards for retirement eligible executive officers and other employees. Manufacturing efficiency and capacity expansion. NPK continues to execute on its recently approved plans to expand our Carencro, Louisiana manufacturing capacity by approximately 50% from current levels. The Company expects to invest $40 million to $45 million by mid-2027, including $4.1 million invested in the second quarter, with additional production expected to start up by mid-2027. FINANCIAL PERFORMANCE In the second quarter of 2026, NPK generated revenue of $81.6 million, an increase of 20%, compared to $68.2 million in the prior year period. Rental and service revenue increased 16% to $53.6 million, while product sales increased 28% to $28.0 million. Gross margin was 37.0% in the second quarter of 2026, compared to 36.9% in the prior year period. Selling, general and administrative expenses were $14.2 million (17.4% of revenues) in the second quarter of 2026, compared to $13.7 million (20.0% of revenues) in the second quarter of 2025. SG&A for the second quarter of 2026 includes a $0.9 million charge related to acceleration of long-term incentive compensation expense due to the modification of our retirement eligibility terms. NPK generated income from continuing operations of $12.0 million, or $0.14 per diluted share, compared to $8.8 million, or $0.10 per diluted share, in the second quarter of 2025. Second quarter 2026 adjusted income from continuing operations was $12.8 million, or $0.15 per diluted share. The Company reported Adjusted EBITDA from Continuing Operations of $25.7 million in the second quarter of 2026, or 31.5% of total revenue, compared to $18.8 million, or 27.5% of total revenue, in the prior year period. BALANCE SHEET AND LIQUIDITY As of June 30, 2026, NPK had total cash of $8.4 million, total debt of $10.6 million, and available liquidity under its senior secured revolving credit facility of $148 million. Operating cash flow was $21.9 million in the second quarter of 2026. Capital investments used $16.0 million, net, with the substantial majority funding the growth of the mat rental fleet and the manufacturing expansion project. FINANCIAL GUIDANCE The following forward-looking guidance reflects the Company’s current expectations and beliefs as of July 29, 2026, and is subject to change. The following statements apply only as of the date of this disclosure and are expressly qualified in their entirety by the cautionary statements included elsewhere in this document. For the full year 2026, NPK currently anticipates the following: Revenues in a range of $313 million to $323 million Adjusted EBITDA in a range of $97 million to $103 million Capital expenditures in a range of $65 million to $80 million, which includes $20 million to $25 million from manufacturing expansion; Our capex plan for 2026 has been reduced, primarily reflecting changes in the timing of manufacturing expansion expenditures. The change in expenditure timing will not impact our anticipated mid-year 2027 completion date SECOND QUARTER 2026 RESULTS CONFERENCE CALL A conference call will be held Thursday, July 30, 2026 at 9:30 a.m. ET to review the Company’s financial results and conduct a question-and-answer session. A webcast of the conference call will be available in the Investor Relations section of the Company’s website at npki.com. Individuals can also participate by teleconference dial-in. To listen to a live broadcast, go to the site at least 15 minutes prior to the scheduled start time in order to register, download and install any necessary audio software. To participate in the live teleconference: After the webcast, a replay will be available on the Company’s website. ABOUT NPK INTERNATIONAL NPK International Inc. is a worksite access solutions company that manufactures, sells, and rents recyclable composite matting products, along with a full suite of services, including planning, logistics, and site restoration. The Company delivers superior quality and reliability across critical infrastructure markets, including electrical power transmission, oil and gas exploration, pipeline, renewable energy, petrochemical, construction, and other industries. For more information, visit our website at npki.com. FORWARD-LOOKING STATEMENTS This news release contains "forward-looking statements" within the meaning of the Private Securities Litigation Reform Act of 1995, as amended. All statements other than statements of historical facts are forward-looking statements. Words such as "will," "may," "could," "would," "should," "anticipates," "believes," "estimates," "expects," "plans," "intends," "guidance," and similar expressions are intended to identify these forward-looking statements but are not the exclusive means of identifying them. These statements are not guarantees that our expectations will prove to be correct and involve a number of risks, uncertainties, and assumptions. Many factors, including those discussed more fully elsewhere in this release and in documents filed with the Securities and Exchange Commission by NPK, particularly its Annual Report on Form 10-K, and its Quarterly Reports on Form 10-Q, as well as others, could cause actual plans or results to differ materially from those expressed in, or implied by, these statements. These risk factors include, but are not limited to, risks related to our ability to generate organic growth; economic and market conditions that may impact our customers’ future spending; customer concentration; the effective management of our fleet, including our ability to properly manufacture, safeguard, and maintain our fleet; international operations; manufacturing capacity expansion projects; operating hazards present in our and our customers’ industries and substantial liability claims; our contracts that can be terminated or downsized by our customers without penalty; our product offering and market expansion; our ability to attract, retain, and develop qualified leaders, key employees, and skilled personnel; expanding our services in the utilities sector, which may require unionized labor; the price and availability of raw materials; inflation; capital investments and business acquisitions; market competition; technological developments and intellectual property; severe weather, natural disasters, and seasonality; public health crises, epidemics, and pandemics; our cost and continued availability of borrowed funds, including noncompliance with debt covenants; environmental laws and regulations; legal compliance; the inherent limitations of insurance coverage; income taxes; cybersecurity incidents or business system disruptions; complications with the design or implementation of our updated enterprise resource planning system; activist stockholders that may attempt to effect changes at our Company or acquire control over our Company; share repurchases; and our amended and restated bylaws, which could limit our stockholders’ ability to obtain what such stockholders believe to be a favorable judicial forum for disputes with us or our directors, officers or other employees. We assume no obligation to update any forward-looking statements, whether as a result of new information, future events or otherwise, except as required by securities laws. NPK’s filings with the Securities and Exchange Commission can be obtained at no charge at sec.gov, as well as through our website at npki.com. NPK International Inc.Non-GAAP Reconciliations(Unaudited) To help understand the Company’s financial performance, the Company has supplemented its financial results that it provides in accordance with generally accepted accounting principles ("GAAP") with non-GAAP financial measures. Such financial measures include Adjusted Income from Continuing Operations, Adjusted Income from Continuing Operations Per Common Share, earnings before interest, taxes, depreciation and amortization ("EBITDA") from Continuing Operations, Adjusted EBITDA from Continuing Operations, Adjusted EBITDA Margin from Continuing Operations, and Free Cash Flow. We believe these non-GAAP financial measures are frequently used by investors, securities analysts and other parties in the evaluation of our performance and liquidity with that of other companies in our industry. Management uses these measures to evaluate our operating performance, liquidity and capital structure. In addition, our incentive compensation plan measures performance based on our consolidated EBITDA, along with other factors. The methods we use to produce these non-GAAP financial measures may differ from methods used by other companies. These measures should be considered in addition to, not as a substitute for, financial measures prepared in accordance with GAAP. Adjusted Income from Continuing Operations and Adjusted Income from Continuing Operations Per Common Share The following tables reconcile the Company’s income from continuing operations and income from continuing operations per common share calculated in accordance with GAAP to the non-GAAP financial measures of Adjusted Net Income from Continuing Operations and Adjusted Net Income from Continuing Operations Per Common Share: NPK International Inc.Non-GAAP Reconciliations (Continued)(Unaudited) EBITDA from Continuing Operations, Adjusted EBITDA from Continuing Operations, and Adjusted EBITDA Margin from Continuing Operations The following table reconciles the Company’s income from continuing operations calculated in accordance with GAAP to the non-GAAP financial measures of EBITDA from Continuing Operations, Adjusted EBITDA from Continuing Operations, and Adjusted EBITDA Margin from Continuing Operations: Free Cash Flow The following table reconciles the Company’s net cash provided by operating activities calculated in accordance with GAAP to the non-GAAP financial measure of Free Cash Flow: View source version on businesswire.com: https://www.businesswire.com/news/home/20260729824689/en/ Contacts INVESTOR RELATIONS CONTACT [email protected]

This article first appeared on GuruFocus. Release Date: May 01, 2026 For the complete transcript of the earnings call, please refer to the full earnings call transcript. NPK International Inc (NYSE:NPKI) reported a record quarterly rental and service revenue of $52 million, marking a 4% sequential and 20% year-over-year increase. The company achieved a $22 million adjusted EBITDA in the first quarter, representing a 4% sequential and 14% year-over-year improvement. NPK International Inc (NYSE:NPKI) successfully expanded its rental fleet by 4% and repaid its revolving credit facility while also funding $3 million in share repurchases. The Board of Directors approved a plan to increase production capacity by approximately 50%, with an investment of $40 million to $45 million over the next five quarters. The company raised its full-year 2026 revenue outlook to $310 million to $325 million and adjusted EBITDA to $92 million to $102 million, reflecting strong market demand and strategic growth initiatives. The first quarter gross margin decreased to 36.2% from 37.7% in the previous quarter and 39% in the same quarter last year, primarily due to lower rental fleet utilization. Cross-rental costs continue to impact year-over-year gross margin, despite providing flexibility for large project activities. SG&A expenses were $13.2 million in the first quarter, slightly higher than the $11.7 million in the same quarter last year, indicating increased operational costs. The company anticipates significant capital expenditures of $75 million to $90 million for 2026, which could impact cash flow if not managed effectively. The timing of large-scale projects and fleet redeployments could affect quarterly revenue and gross margin, introducing potential volatility in financial performance. Warning! GuruFocus has detected 7 Warning Sign with NPKI. Is NPKI fairly valued? Test your thesis with our free DCF calculator. Q: Can you talk about the pipeline in more detail, specifically regarding greenfield versus brownfield projects and any pickup from high voltage projects? A: (Matthew Lanigan, CEO) It's still early for larger high-voltage projects, which we expect later in the year. Currently, most activity is outside that range. Our pipeline remains robust, with slight growth in emerging territory quoting activity, indicating positive commercial investments. Q: With the additional CapEx, are you anticipating maintaining the same returns you're currently generating? A: (Greg Pyontek, CFO) We expect no change in overall expectations. While there's a step change in asset base investment, we should continue gaining operating leverage, providing a tailwind to our return on invested capital. Q: How long of a growth runway does the capacity expansion provide, and is there potential to add more capacity in Louisiana or a new location? A: (Matthew Lanigan, CEO) The plant should provide capacity through the end of the decade. We have room in our Louisiana facility for co-location and can explore alternate sites, ensuring timely capacity growth to meet market demand. Q: Do you feel your capacity is sufficient to support both rental fleet additions and product sales through this year? A: (Matthew Lanigan, CEO) We are comfortable meeting both demands without prioritizing one over the other. Our cross-rental fleet helps offset transportation inefficiencies, allowing us to meet foreseeable future needs. Q: Regarding the wood to composite matting conversion, where does composite matting stand as a percent of the overall market, and do you see the pace of conversion accelerating? A: (Matthew Lanigan, CEO) Composite matting represents about a quarter of the market. The market share shift depends on growth pace. If growth remains strong, the percentage should hold, with potential for slight relative share shifts. Q: Is there anything that could delay the timeline for the manufacturing capacity expansion, or could the investment exceed the estimated $40 million to $45 million? A: (Matthew Lanigan, CEO) While unforeseen events may occur, we feel confident in delivering the expansion within the timeframe and budget outlined. Q: Does the anticipated start of large high-voltage projects later this year imply an acceleration of growth in 2027 relative to 2026? A: (Matthew Lanigan, CEO) It's early to determine, but high-voltage lines will require more matting, suggesting a net increase in demand. We'll need to assess how this fits with other project activities as we approach 2027. Q: When do you anticipate GrassForm will be fully integrated, and what are you looking for in the next acquisition? A: (Matthew Lanigan, CEO) Most integration should be completed in three to six months. Future acquisitions will focus on accelerating composite market share relative to timber incumbents, considering factors like company leverage, management strength, and contract quality. For the complete transcript of the earnings call, please refer to the full earnings call transcript.

NPK reported a strong Q1 with record rental and service revenue of $52 million (up 20% YoY), adjusted EBITDA of $22 million (up 14% YoY), $21 million operating cash flow, $5 million free cash flow, and net debt of $4 million after repaying the revolver and repurchasing $3 million of shares. The board approved a roughly 50% manufacturing capacity expansion with planned investment of $40–45 million over the next five quarters to come online by mid‑2027, and 2026 net CapEx guidance was raised to $75–90 million (including $35–45 million for rental fleet growth). NPK raised its full‑year 2026 guidance to $310–325 million revenue and $92–102 million adjusted EBITDA (midpoints imply ~15% revenue and 28% EBITDA growth), with rental and service revenues expected to grow about 20% YoY in Q2 and the Grassform acquisition contributing to recent gains. Interested in NPK International Inc.? Here are five stocks we like better. NPK International (NYSE:NPKI) reported first-quarter 2026 results that management said were in line with expectations, highlighting record rental and service revenue, higher adjusted EBITDA, and positive free cash flow while continuing to invest in fleet growth and a newly approved manufacturing capacity expansion. President and CEO Matthew Lanigan said the company was “very pleased with our strong start to 2026,” noting that rental activity accelerated as the quarter progressed despite a typical pause in customer projects around the year-end holidays. → Meta Posted Its Best Sales Growth Since 2021—So Why Did Shares Fall? Lanigan said total rental and service revenues reached a quarterly record of $52 million, up 4% sequentially and 20% year over year. He also said product sales demand remained “robust,” contributing $23 million to first-quarter revenue. Adjusted EBITDA totaled $22 million, up 4% sequentially and 14% from the prior-year quarter, according to management. SVP and CFO Gregg Piontek provided additional detail, saying rental revenues increased 27% year over year, reflecting 12% organic growth and a $4 million contribution from the Grassform acquisition. Piontek said service revenues rose 7%, with “substantially all” of the increase also coming from the acquisition. Product sales revenue of $23 million represented an 8% year-over-year improvement, which Piontek attributed to continuing demand from utility customers. → Verizon’s Signal Strength: The Turnaround Call Is Loud and Clear By geography, Piontek said U.S. revenues increased 9% year over year to $66 million, including 17% growth in rental revenues, with the utility sector driving the “substantial majority” of the increase. U.K. revenues more than doubled to $9 million, “primarily reflecting the Grassform contribution,” he said. First-quarter gross margin was 36.2%, down from 37.7% in the fourth quarter and 39% in the prior-year quarter. Piontek said the sequential decline was primarily due to lower rental fleet utilization early in the quarter stemming from the timing of large-scale projects, partially offset by improved pricing. The year-over-year decline, he added, reflected the continuing impact of cross-rental costs discussed in prior quarters. → Alphabet’s Earnings Didn’t Just Beat—They Changed the Story Piontek emphasized that the cross-rental fleet supports the company’s ability to meet customer commitments while helping “limit inefficient transportation.” Lanigan later noted that cross-rental capacity can help offset internal transport charges associated with moving fleet assets between projects, particularly as diesel prices have risen alongside the Middle East conflict. SG&A expenses totaled $13.2 million, compared with $15.4 million in the fourth quarter and $11.7 million a year earlier. Piontek said first-quarter SG&A included $12.5 million from the legacy business and $700,000 tied to Grassform, while the fourth quarter had included $1.8 million of acquisition-related transaction costs and severance. Income tax expense was $3.6 million, reflecting an effective tax rate of 26%, Piontek said. Adjusted EPS from continuing operations was $0.12 per diluted share, compared with $0.13 in the fourth quarter and $0.12 in the year-ago quarter. Management highlighted cash generation and balance sheet capacity alongside continued investment. Lanigan said the company generated $21 million of cash flow from operations and $5 million of free cash flow, expanded the rental fleet by 4%, repaid its revolving credit facility, and used $3 million for share repurchases. Piontek said operating cash flow of $21 million included $22 million from net income adjusted for non-cash expenses, slightly offset by $1 million of cash used by a net increase in working capital. Net capital expenditures totaled $16 million, including nearly $15 million of net investment into rental fleet expansion. The company ended the quarter with $11 million of total debt and $7 million of total cash, for net debt of $4 million, Piontek said, adding that the firm had $148 million of availability under its bank facility. On capital allocation, Piontek said priorities include rental fleet growth, the manufacturing expansion, strategic acquisitions, and returning a portion of free cash flow to shareholders through a “disciplined” share repurchase program. Lanigan said the board approved plans to increase production capacity by approximately 50% from current levels after the company “substantially concluded” its project evaluation. Management expects to invest $40 million to $45 million over the next five quarters, targeting the additional capacity to come online by mid-2027. Asked about the expansion’s runway, Lanigan said the plant should provide “plenty of capacity through the end of the decade,” depending on market growth, and noted the company has “plenty of room” at its Louisiana facility if it chose to co-locate further expansion, while also retaining the option to evaluate alternate sites. On timing and cost risk, Lanigan said project timelines and budgets can shift, but he said the company feels “pretty good” about delivering within the timeframe and cost range provided. Piontek said the company raised its full-year 2026 outlook, citing constructive customer views on utility and critical infrastructure spending and momentum coming out of the first quarter. The updated guidance calls for: Total revenue: $310 million to $325 million Adjusted EBITDA: $92 million to $102 million Piontek said the midpoint implies 15% revenue growth and 28% adjusted EBITDA growth over 2025. The revenue outlook assumes double-digit organic rental revenue growth plus Grassform, while product sales are expected to be “relatively in line” with 2025. For 2026 capital spending, Piontek guided to total net CapEx of $75 million to $90 million, including $30 million to $35 million of current-year spending for the manufacturing expansion and $35 million to $45 million for rental fleet expansion. He said the investment plan is expected to grow the DURA-BASE rental fleet by a “low to mid-teens” percentage, supporting organic growth and displacing some cross-rent assets currently deployed. In the near term, Piontek said the company expects 20% year-over-year growth in rental and service revenues in the second quarter, with product sales roughly in line with the prior-year second quarter. He said second-quarter gross margin is expected to be roughly consistent with the prior-year second quarter but dependent on the timing of project completions and fleet redeployments for several large-scale jobs. SG&A is expected to remain near the $13 million quarterly level, and the effective tax rate is expected to remain relatively in line with the first-quarter level for full-year 2026. Piontek also said the company entered the year with roughly $40 million of net operating losses and other tax credit carryforwards, which, along with accelerated deductions for capital investments, are expected to “significantly limit” cash taxes for the next several years. During Q&A, Lanigan said it is “still a little early” for some larger high-voltage utility projects, which he expects later in the year. He described the pipeline as remaining “as robust as where we left it last quarter,” with slight growth in quoting activity in emerging territories. Asked whether later high-voltage projects could imply faster growth into 2027, Lanigan said it was too early to quantify but noted those projects carry larger matting requirements due to heavier equipment and could represent a “net increase in matting requirement.” Lanigan also said rental pricing increases were in the “low single digit” range, citing some “tightness in the market,” and said the company expects to hold pricing and potentially add to it as the year progresses. On the competitive mix of composite versus timber matting, Lanigan estimated composite represents “roughly a quarter of the market” and said that percentage could hold if overall market growth remains strong. Regarding Grassform, Lanigan said the company expects to complete “substantially most” integration within three to six months, with ERP conversion potentially extending the tail, adding that NPK’s approach has been to avoid distracting a “very well-run business.” On future M&A, Lanigan said NPK would consider acquisitions where it could accelerate composite matting share gains versus timber incumbents, alongside typical diligence considerations such as leverage, management strength, and contract quality. NPK International, Inc (NYSE: NPKI) is a specialty chemical distributor supplying a broad range of industrial and performance materials across diverse end-markets. Its product portfolio includes acetic acid and derivatives, alcohols, ketones, esters, glycol ethers, glycols, specialty solvents, select inorganic chemicals and crop-protection intermediates. These materials serve industries such as coatings, adhesives and sealants, oil and gas, personal care, pharmaceuticals, agrochemicals and water treatment. The company places a strong emphasis on supply-chain security and technical service, maintaining warehousing, logistics support and laboratory capabilities at its regional distribution centers. The article "NPK International Q1 Earnings Call Highlights" was originally published by MarketBeat.

Record rental and service revenues of $52 million were driven by accelerating activity throughout the quarter following a typical seasonal holiday lull. The utility sector continues to be the primary growth engine, particularly in the U.S. where rental revenues increased 17% year-over-year. Gross margin compression to 36.2% was attributed to lower rental fleet utilization early in the quarter and ongoing cross-rental costs used to support large-scale projects. Management is utilizing a cross-rental fleet strategy to maintain customer commitments and limit inefficient transportation costs while internal capacity scales. The U.K. market saw revenues more than double year-over-year, primarily reflecting the successful inorganic contribution from the Grassform acquisition. Supply chain risks related to Middle East conflict are being mitigated through a diversified raw material supply base and commercial flexibility to pass through costs. The Board approved a 50% production capacity expansion requiring a $40 million to $45 million investment over the next five quarters to meet mid-2027 targets. Full-year 2026 guidance was raised to $310 million–$325 million in revenue, assuming double-digit organic rental growth and stable product sales. Management expects the DuraBase rental fleet to grow by a low- to mid-teens percentage in 2026, which will eventually displace higher-cost cross-rent assets. The manufacturing expansion is expected to provide sufficient capacity through the end of the decade, with room for further co-location in Louisiana if needed. Near-term SG&A is expected to stabilize around $13 million per quarter as the company leverages its new ERP system for organizational efficiency. The company maintains a net debt position of only $4 million with $148 million in liquidity, providing significant flexibility for organic and inorganic growth. Approximately $40 million in NOLs and tax credit carryforwards are expected to significantly limit cash tax obligations for the next several years. A $3 million share repurchase was executed in Q1, signaling a commitment to returning capital alongside high-priority growth investments. The Grassform integration is expected to be substantially complete within three to six months, with a potential extension for ERP alignment. Our analysts just identified a stock with the potential to be the next Nvidia. Tell us how you invest and we'll show you why it's our #1 pick. Tap here. Management noted it is still early for large high-voltage projects, with most activity expected to materialize later in 2026. Emerging territory quoting activity is showing slight growth, indicating that front-end commercial investments are beginning to yield results. Rental rate increases are currently in the low single digits, with management seeing potential for further pricing gains due to market tightness. The company expects to hold current pricing levels and potentially add to them as the year progresses. Composite matting currently represents approximately one-quarter of the total market, with the remainder still using timber. The pace of conversion is expected to remain stable; as the overall market grows rapidly, the composite percentage is holding steady while gaining absolute volume. Acquisition focus remains on markets where a deal can accelerate the shift from timber to composite mats faster than organic efforts. Management prioritizes targets with strong management teams, quality contracts, and low integration distraction. One stock. Nvidia-level potential. 30M+ investors trust Moby to find it first. Get the pick. Tap here.

Company reports revenues of $75 million, diluted EPS of $0.12; Raises full-year guidance THE WOODLANDS, Texas, April 30, 2026--(BUSINESS WIRE)--NPK International Inc. (NYSE: NPKI) ("NPK" or the "Company") today announced results for the first quarter ended March 31, 2026. FIRST QUARTER 2026 RESULTS (all comparisons versus the prior year period unless otherwise noted) Revenues of $75.1 million, +16% Operating income from continuing operations of $14.4 million (19.2% of revenues) Income from continuing operations of $10.4 million, or $0.12 per diluted share Adjusted EBITDA from Continuing Operations of $22.5 million, +14% Adjusted EBITDA margin from Continuing Operations of 29.9% Total cash of $6.5 million and total debt of $10.6 million as of March 31, 2026 Repurchased $2.7 million of common equity MANAGEMENT COMMENTARY "We were very pleased with our strong first quarter 2026 results, further building on the sustained momentum we experienced during 2025," stated Matthew Lanigan, President and CEO of NPK International. "First quarter revenue increased 16% year-over-year, driven by another record quarter of rental and services revenues and strong product demand from utility customers. The environment for power transmission spending remains robust, as evident by our sustained strength in rental fleet utilization, improved pricing, and strong quoting activity. Lanigan continued, "As we have discussed, while we have made progress in improving our manufacturing throughput, the momentum in utility spending and our confidence in the durability of these trends has caused us to accelerate our planned manufacturing capacity expansion plans. To this end, we are pleased to report that our Board has approved plans to expand manufacturing capacity by approximately 50% from current levels, with the additional capacity expected to be online by mid-2027. We expect to invest $40 million to $45 million to complete the expansion, which we believe represents an attractive investment to support the planned growth in our business. "Our disciplined financial management enabled us to generate strong cash flow, delivering $21 million of operating cash flow while investing nearly $15 million in fleet expansion during the first quarter. We continued to execute on our disciplined capital return strategy, utilizing $3 million for share repurchases during the quarter. We have $148 million of availability under our bank facility and minimal net debt, providing us with ample financial flexibility to continue executing our strategic growth objectives. "First quarter results were in line with our expectations, demonstrating the improved consistency as we grow the business. Based on this strong first quarter performance and our confidence in the business outlook, we are raising our full-year fiscal 2026 guidance. Our scale and ability to execute on the largest and most complex transmission projects has us well positioned to benefit from the favorable secular drivers benefiting our end markets. We remain focused on execution against our strategic priorities, including our commitment to our disciplined allocation framework, all with an ongoing focus on providing value for our shareholders," concluded Lanigan. BUSINESS UPDATE NPK’s business plan is designed to drive organic commercial growth within targeted, higher-margin product and rental markets; improve asset optimization and organizational efficiency; and pursue a capital allocation strategy that prioritizes investments with superior return profiles, together with a programmatic return of capital program. First quarter 2026 highlights include: Strong customer demand for matting rental and related services. Revenues from specialty rental and related services increased to $52 million in the first quarter of 2026, with record rental revenues driven by strong sustained demand from key customer accounts in support of power transmission projects and the impact of our recent acquisition. Revenues from product sales were $23 million for the first quarter of 2026, primarily reflecting the continued strong demand from utility companies. Improved operating efficiency. NPK remains focused on efficiency improvements and operating cost optimization across every aspect of its business. In the first quarter of 2026, NPK’s SG&A as a percentage of revenue was 17.6%, a 60 basis point improvement versus the prior year period. Return of capital to shareholders. The Company continued to execute on its disciplined return of capital strategy during the first quarter of 2026, using $2.7 million of cash to repurchase 0.2 million of outstanding shares under the repurchase program. Manufacturing efficiency and capacity expansion. Management announced that the Board of Directors recently approved plans to expand manufacturing capacity by approximately 50% from current levels. The Company expects to invest $40 million to $45 million over the next five quarters to complete this expansion, with the goal of bringing the additional capacity online by mid-2027. FINANCIAL PERFORMANCE In the first quarter of 2026, NPK generated revenue of $75.1 million, an increase of 16%, compared to $64.8 million in the prior year period. Rental and Service revenue increased 20% to $52.0 million, while product sales increased 8% to $23.1 million. Gross margin was 36.2% in the first quarter of 2026, compared to 39.0% in the prior year period. The decline primarily reflects an elevated level of cross-rental activity, as well as modestly lower fleet utilization as compared to the exceptionally strong performance in the prior-year period. Selling, general and administrative expenses were $13.2 million (17.6% of revenues) in the first quarter of 2026, compared to $11.7 million (18.1% of revenues) in the first quarter of 2025. NPK generated income from continuing operations of $10.4 million, or $0.12 per diluted share, on total revenue of $75.1 million, compared to income from continuing operations of $10.4 million, or $0.12 per diluted share, on total revenue of $64.8 million, in the first quarter of 2025. The Company reported Adjusted EBITDA from Continuing Operations of $22.5 million in the first quarter of 2026, or 29.9% of total revenue, compared to $19.7 million, or 30.4% of total revenue, in the prior year period. BALANCE SHEET AND LIQUIDITY As of March 31, 2026, NPK had total cash of $6.5 million, total debt of $10.6 million, and available liquidity under its senior secured revolving credit facility of $148 million. Operating cash flow was $21.1 million in the first quarter of 2026. Capital investments used $16.2 million, net, with the substantial majority funding the expansion of the mat rental fleet to support increased customer demand. FINANCIAL GUIDANCE The following forward-looking guidance reflects the Company’s current expectations and beliefs as of April 30, 2026 and is subject to change. The following statements apply only as of the date of this disclosure and are expressly qualified in their entirety by the cautionary statements included elsewhere in this document. For the full year 2026, NPK currently anticipates the following: Revenues in a range of $310 million to $325 million Adjusted EBITDA in a range of $92 million to $102 million Capital expenditures in a range of $75 million to $90 million, which includes $30 million to $35 million from manufacturing expansion FIRST QUARTER 2026 RESULTS CONFERENCE CALL A conference call will be held Friday, May 1, 2026 at 9:30 a.m. ET to review the Company’s financial results and conduct a question-and-answer session. A webcast of the conference call will be available in the Investor Relations section of the Company’s website at www.npki.com. Individuals can also participate by teleconference dial-in. To listen to a live broadcast, go to the site at least 15 minutes prior to the scheduled start time in order to register, download and install any necessary audio software. To participate in the live teleconference: To listen to a replay of the teleconference, which subsequently will be available through May 8, 2026: ABOUT NPK INTERNATIONAL NPK International Inc. is a temporary worksite access solutions company that manufactures, sells, and rents recyclable composite matting products, along with a full suite of services, including planning, logistics, and site restoration. As a geographically diversified company, the Company delivers superior quality and reliability across critical infrastructure markets, including electrical transmission and distribution, oil and gas exploration, pipeline, renewable energy, petrochemical, construction, and other industries. For more information, visit our website at www.npki.com. FORWARD-LOOKING STATEMENTS This news release contains "forward-looking statements" within the meaning of the Private Securities Litigation Reform Act of 1995, as amended. All statements other than statements of historical facts are forward-looking statements. Words such as "will," "may," "could," "would," "should," "anticipates," "believes," "estimates," "expects," "plans," "intends," "guidance," and similar expressions are intended to identify these forward-looking statements but are not the exclusive means of identifying them. These statements are not guarantees that our expectations will prove to be correct and involve a number of risks, uncertainties, and assumptions. Many factors, including those discussed more fully elsewhere in this release and in documents filed with the Securities and Exchange Commission by NPK, particularly its Annual Report on Form 10-K, and its Quarterly Reports on Form 10-Q, as well as others, could cause actual plans or results to differ materially from those expressed in, or implied by, these statements. These risk factors include, but are not limited to, risks related to our ability to generate organic growth; economic and market conditions that may impact our customers’ future spending; customer concentration; the effective management of our fleet, including our ability to properly manufacture, safeguard, and maintain our fleet; international operations; manufacturing capacity expansion projects; operating hazards present in our and our customers’ industries and substantial liability claims; our contracts that can be terminated or downsized by our customers without penalty; our product offering and market expansion; our ability to attract, retain, and develop qualified leaders, key employees, and skilled personnel; expanding our services in the utilities sector, which may require unionized labor; the price and availability of raw materials; inflation; capital investments and business acquisitions; market competition; technological developments and intellectual property; severe weather, natural disasters, and seasonality; public health crises, epidemics, and pandemics; our cost and continued availability of borrowed funds, including noncompliance with debt covenants; environmental laws and regulations; legal compliance; the inherent limitations of insurance coverage; income taxes; cybersecurity incidents or business system disruptions; complications with the design or implementation of our updated enterprise resource planning system; activist stockholders that may attempt to effect changes at our Company or acquire control over our Company; share repurchases; and our amended and restated bylaws, which could limit our stockholders’ ability to obtain what such stockholders believe to be a favorable judicial forum for disputes with us or our directors, officers or other employees. We assume no obligation to update any forward-looking statements, whether as a result of new information, future events or otherwise, except as required by securities laws. NPK’s filings with the Securities and Exchange Commission can be obtained at no charge at www.sec.gov, as well as through our website at www.npki.com. View source version on businesswire.com: https://www.businesswire.com/news/home/20260430348858/en/ Contacts INVESTOR RELATIONS: [email protected]