NPK International Q2 revenue rises on rental demand, raises FY earnings guidance

Overview

• US worksite access solutions firm's Q2 revenue rose 20%, beating analyst expectations

• Adjusted EPS for Q2 beat analyst expectations

• Company raised full-year earnings guidance on strong demand and record rental revenue

Outlook

• NPK expects 2026 revenues between $313 mln and $323 mln

• Company sees 2026 adjusted EBITDA in a range of $97 mln to $103 mln

• NPK has reduced 2026 capex plan, citing changes in timing for manufacturing expansion

Result Drivers

• RENTAL REVENUE GROWTH - Record rental revenues driven by strong demand from key customer accounts in power transmission projects and impact of recent acquisition

• PRODUCT SALES DEMAND - Product sales reached highest quarterly level in two years, primarily due to continued strong demand from utility companies

• OPERATING EFFICIENCY - Improved operating efficiency and cost optimization contributed to higher adjusted EBITDA margin and lower SGA as a percentage of revenue

Company press release: ID:nBw9bx0rJa

Key Details

Reuters Recommended Reads

• July 28 - Herc Holdings beats Q2 revenue estimates, lifts 2026 outlook

• July 29 - McGrath RentCorp Q2 revenue falls as Enviroplex and Mobile Modular sales drop

• July 29 - Kirby Q2 revenue beats estimates on power generation demand

For questions concerning the data in this report, contact Estimates.Support@lseg.com. For any other questions or feedback, contact reuters.support@thomsonreuters.com.

(This story was created using Reuters automation and AI based on LSEG and company data. It was checked and edited by a Reuters journalist prior to publication.)