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NPK International (NPKI)
NYSE:NPKI
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Earnings Data
Report Date
Feb 06, 2025TBA Not Confirmed
Period Ending
2024 (Q4)Consensus EPS Forecast
0.08Last Year’s EPS
0.04Same Quarter Last Year
Moderate Buy
Based on 2 Analysts Ratings
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Earnings Call Summary
Earnings Call Date:Oct 25, 2018
|% Change Since: 1.85%
|Next Earnings Date:Jul 26, 2018
Earnings Call Sentiment|Neutral
The earnings call reflects a challenging quarter for Newpark Resources with notable revenue declines and operational disruptions. However, the company is demonstrating resilience with significant strategic shifts towards higher-margin business models, record rental volumes in October, and a strong liquidity position to support future growth. The sentiment is tempered by the revision of full-year guidance and ongoing challenges in service revenues.Company Guidance
During the Newpark Resources Q3 2024 earnings call, the company provided several metrics and guidance for the upcoming quarters. The third quarter revenue was reported at $44 million, a 23% decline from the prior year, while adjusted EBITDA decreased to $7.5 million, down $4.5 million year-over-year, primarily due to seasonal softness and a six-week maintenance shutdown at a manufacturing facility. Despite these challenges, the company achieved record rental volume in October, suggesting a strong finish to the year. For 2025, Newpark expects to finalize its transformation to a specialty rental and services business, with a strategic focus on site access solutions, anticipating a $5 million cost savings by early 2026. The full-year 2024 revenue guidance has been adjusted to $217-$223 million, with adjusted EBITDA revised to $77-$81 million. The company also highlighted its liquidity position, approaching $100 million, and plans to optimize overhead, enhance operational efficiency, and pursue growth opportunities through capital investments and potential asset sales.Strategic Shift Towards Higher Margin Business
The company has completed its transformation from an oilfield services business to a vertically integrated specialty rental and services business, focusing on site access solutions, which is expected to result in a higher-margin, more profitable business profile.
Record Rental Volume in October
October saw a record level of rental volume, positioning the company for a strong finish to 2024, driven by increased activity in the utility sector and hurricane-related infrastructure projects.
Cost Optimization Strategy
The company is working on optimizing its overhead structure, aiming for $5 million in cost savings by early 2026, with SG&A as a percentage of revenue reaching a mid-teens range.
Robust Liquidity Position
The company ended the third quarter with a net cash position of $29 million and over $56 million of availability under its U.S. ABL facility, positioning it well for future investments.
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NPKI Earnings History
The table shows recent earnings report dates and whether the forecast was beat or missed. See the change in forecast and EPS from the previous year.
Beat
Missed
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NPKI Earnings-Related Price Changes
Report Date | Price 1 Day Before | Price 1 Day After | Percentage Change |
|---|---|---|---|
| Nov 07, 2024 | $7.55 | $7.28 | -3.58% |
| Aug 05, 2024 | $6.98 | $8.01 | +14.76% |
| May 02, 2024 | $7.02 | $7.10 | +1.14% |
| Feb 21, 2024 | $6.27 | $6.19 | -1.28% |
Earnings announcements can affect a stock’s price. This table shows the stock's price the day before and the day after recent earnings reports, including the percentage change.
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FAQ
When does NPK International (NPKI) report earnings?
NPK International (NPKI) is schdueled to report earning on Feb 06, 2025, TBA Not Confirmed.
What is NPK International (NPKI) earnings time?
NPK International (NPKI) earnings time is at Feb 06, 2025, TBA Not Confirmed.
Where can I see when companies are reporting earnings?
You can see which companies are reporting today on our designated earnings calendar.
What companies are reporting earnings today?
You can see a list of the companies which are reporting today on TipRanks earnings calendar.
What is NPKI EPS forecast?
NPKI EPS forecast for the fiscal quarter 2024 (Q4) is 0.08.
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