NPK International reports Q4 EPS 17c, consensus 10c

Reports Q4 revenue $75.2M, consensus $68.54M. “We were extremely pleased with our strong fourth quarter performance, which capped a record year and underscored the strength of our long-term strategy and the continued momentum across our key end-markets,” said Matthew Lanigan, President and CEO of NPK International (NPKI). “Fourth quarter revenue increased 9% sequentially and 31% year over year, driven by sustained strength in rental fleet utilization and continued robust demand for our DURA-BASE products from utility customers. As expected, profitability rebounded meaningfully from the third quarter, with fourth quarter Adjusted EBITDA increasing 41% sequentially and 27% year over year.