NPK International reports Q1 adjusted EPS 12c, consensus 8c

Reports Q1 revenue $64.8M, consensus $56.2M. “We delivered another period of strong results during the first quarter, further building on our positive momentum exiting 2024, highlighted by growth in revenue and adjusted EBITDA of 32% and 59%, respectively,” stated Matthew Lanigan, President and CEO of NPK International (NPKI). “Our results were driven by meaningful growth in both rental and products sales, with rental revenue increasing 32% from last year to another single-quarter record, reflecting continued momentum in our core utilities transmission and critical infrastructure end markets. The demand trends in our key end-markets remain favorable and we also continue to see the effects of wood-to-composite mat conversion by fleet owners.”