Every 10-Q that NPK International Inc. (NPKI) has filed with the SEC in the last 24 months is listed below, newest first, and each one links through to the document itself with the summary and the scores our analysis gives it.
A 10-Q covers the quarterly report filed between annual reports, so if you follow NPKI and want that one kind of document rather than the whole filing history, this is the page to keep. The company's other filings, of every form, are on the full NPKI filings page.
NPK International Inc. reported higher results for the quarter and first half ended June 30, 2026. Second-quarter revenues rose 20% to approximately $81.6 million, driven by a 16% increase in rental and service revenues and a 28% increase in product sales. Net income for the quarter grew to $12.0 million, with diluted earnings per share of $0.14.
For the first half of 2026, revenues increased 18% to $156.7 million and net income reached $22.4 million, or $0.26 per diluted share. Operating cash flow was $43.0 million, supporting $33.2 million of capital expenditures, largely for expanding the composite mat rental fleet and manufacturing capacity. Total debt was $10.6 million versus stockholders’ equity of $371.4 million, a debt-to-capitalization ratio of 2.8%, while a $150 million revolving Credit Facility remained undrawn with $148.1 million of availability.
The company continued executing its strategy to accelerate rental-led growth, integrate the Grassform acquisition in the U.K., and invest $40–$45 million to expand composite mat production capacity by about 50% through mid-2027. It also repurchased 0.2 million shares for $2.7 million in the first half under its share repurchase program.
NPK International Inc. reported higher first-quarter 2026 results, with revenue rising to $75.1 million from $64.8 million a year earlier as demand for its rental composite matting solutions grew. Rental and service revenues increased 20%, helped by larger, longer-term projects and the Grassform acquisition in the U.K.
Net income edged up to $10.5 million, and diluted earnings per share were $0.12, roughly flat versus 2025 as gross margin compressed to 36.2% from 39.0% due to cross-rental costs and manufacturing expansion expenses. Operating cash flow strengthened to $21.1 million, funding $16.7 million of capital spending, mainly to expand the rental fleet.
The company ended the quarter with $6.5 million of cash, total debt of $10.6 million, and no borrowings under its $150 million revolving Credit Facility. Management plans $75–$90 million of 2026 net capital expenditures, including a roughly 50% expansion of composite mat manufacturing capacity and continued fleet growth, while also repurchasing 0.2 million shares for $2.7 million.
NPK International Inc. reported Q3 2025 results. Revenue reached $68.8 million, up 56% year over year, as rental and service revenue grew 37% and product sales rose 108%. Gross margin improved to 31.9% and operating income increased to $9.1 million. Diluted EPS from continuing operations was $0.07.
For the first nine months, revenue was $201.8 million (up 26%) with a gross margin of 35.9% and operating income of $34.2 million. Cash and cash equivalents were $35.6 million, and net cash from operations totaled $55.0 million. The company entered a new $150 million revolving Credit Facility maturing in 2030 with $144.3 million available as of quarter end.
NPK repurchased 3.0 million shares for $20.4 million year to date, with $91.7 million remaining under authorization. Shares outstanding were 84,494,699 as of October 29, 2025. Discontinued operations (Fluids Systems) contributed a small loss in 2025 versus a large loss in 2024 following the divestiture.