NPK International Inc.
newpark.comHow Do They Make Money?
Customers pay for mat rentals over the rental term and for related services as those services are performed; product buyers pay when mats ship or are delivered. Bills for services and products may be sent periodically or when specified work is complete.
10-K for FY2025, filed Feb 27, 2026Owned equipment rentals are accounted for as operating leases with rental revenues recognized over the rental term. Revenues from any…View ↗
Service revenues are recognized when the specified services are performed. Services revenues include certain services performed that are…View ↗
The amount of revenue we recognize for services performed and products sold reflects the consideration to which we expect to be entitled in…View ↗
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10-K for FY2025, filed Feb 27, 2026
FY2025 revenue by product or service ↗
$277M
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10-K for FY2025, filed Feb 27, 2026
$277M ↗
| Segment | Share | Revenue | How money arrives |
|---|---|---|---|
|
Rental and service revenues
Recurring
10-K for FY2025, filed Feb 27, 2026 |
66%
FY2022: 70%
|
Rental and service revenues, FY2025
$183.7M Sources
|
Recurring |
|
Product sales revenues
Sold outright
10-K for FY2025, filed Feb 27, 2026 |
34%
FY2022: 30%
|
Product sales revenues, FY2025
$93.3M Sources
|
Sold outright |
Who Are Their Customers?
Serves utility companies and service firms supporting power transmission, alongside infrastructure construction and oil and gas exploration and production companies. Rental work is generally arranged under short-term contracts or rental service agreements; product sales are largely to utility companies.
10-K for FY2025, filed Feb 27, 2026The demand for temporary worksite access from customers in the industries we serve is driven, in part, by infrastructure construction and…View ↗
We generated 93% of our revenues domestically during 2025. Typically, we perform services either under short-term contracts or rental…View ↗
Revenues increased 27% to $277.0 million for 2025, compared to $217.5 million for 2024, including a 26% increase in rental and service…View ↗
10-K for FY2025, filed Feb 27, 2026
We derive a significant portion of our revenues and profitability from customers operating within the utilities sector, which include power…View ↗
Do Revenues Turn Into Profits?
Yes. It kept 14 cents of every revenue dollar as net income in FY2025 and turned 9 cents into free cash flow.
10-K for FY2025, filed Feb 27, 2026
$46.8MView ↗
10-K for FY2025, filed Feb 27, 2026
$38.9MView ↗
10-K for FY2025, filed Feb 27, 2026
$26.3MView ↗
How Are They Changing?
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Sep 2, 2026
CFO announces planned retirement
Piontek plans to retire by August 31, 2027, after a successor is appointed; the company has begun a formal search.
Sources
8-K, filed Sep 2, 2026
Following nearly 20 years of service to NPK International Inc. (the “Company”), on August 28, 2026, Gregg Piontek, Senior Vice President…View ↗
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Jul 29, 2026
Company raises full-year earnings guidance
The company cited sustained market strength and confidence in second-half performance.
Sources
8-K, filed Jul 29, 2026
Company reports $82 million revenues, $0.14 diluted EPS; Raises full-year earnings guidanceView ↗
Shrinking. Revenue fell 55% in 4 years, from $614.8M in FY2021 to $277M in FY2025, about 18% a year.
Exited drilling fluids
The earlier report described drilling-fluid products and technical services alongside worksite matting. The latest describes composite mats, rentals, and related worksite services after the Fluids Systems business was sold.
10-K for FY2022, filed Feb 24, 2023 10-K for FY2025, filed Feb 27, 2026
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