B. Riley Securities resumed coverage on NPK International with a new price target
$NPKI
Metal Fabrications
Industrials
B. Riley Securities resumed coverage of NPK International with a rating of Buy and set a new price target of $11.00
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| Date | Price Target | Rating | Analyst |
|---|---|---|---|
| 3/27/2025 | $11.00 | Buy | B. Riley Securities |
4 - NPK International Inc. (0000071829) (Issuer)
4 - NPK International Inc. (0000071829) (Issuer)
4 - NPK International Inc. (0000071829) (Issuer)
8-K - NPK International Inc. (0000071829) (Filer)
8-K - NPK International Inc. (0000071829) (Filer)
8-K - NPK International Inc. (0000071829) (Filer)
B. Riley Securities resumed coverage of NPK International with a rating of Buy and set a new price target of $11.00
4 - NPK International Inc. (0000071829) (Issuer)
4 - NPK International Inc. (0000071829) (Issuer)
4 - NPK International Inc. (0000071829) (Issuer)
NPK International Inc. (NYSE:NPKI) ("NPK" or the "Company") today announced that it has entered into a new credit agreement ("Agreement") effective June 20, 2025, which includes a $150 million revolving loan facility, replacing the Company's previous asset-based revolving credit facility. The Agreement has a term of five years and also includes an accordion feature, allowing for the expansion of the revolving loan facility up to $250 million. Under the terms of the Agreement, revolving loans bear interest at either Term SOFR plus 175 to 225 basis points or the Base Rate plus 75 to 125 basis points, with the applicable margin determined based on the Company's consolidated leverage ratio, as
NPK International Inc. (NYSE:NPKI) ("NPK" or the "Company") today announced that MSCI Inc. has confirmed that NPK's Global Industry Classification Standard (GICS®) code will be changing to 20107010 (Industrials/Capital Goods/Trading Companies & Distributors). The new GICS more accurately reflects the Company's position as a leading provider of matting products and services to the global worksite access market. The change will be effective as of the market close on May 30, 2025. "Our new industry classification is important recognition of our successful transformation into a leading, pure-play specialty rental and services business in the global worksite access and critical infrastructure m
NPK International Inc. (NYSE:NPKI) ("NPK" or the "Company") today announced results for the first quarter ended March 31, 2025. FIRST QUARTER 2025 RESULTS (all comparisons versus the prior year period unless otherwise noted) Revenues of $64.8 million, +32% Operating income from continuing operations of $13.5 million Operating margin from continuing operations of 20.9% Income from continuing operations of $10.4 million, or $0.12 per diluted share Adjusted EBITDA from Continuing Operations of $19.7 million, +59% Adjusted EBITDA margin from Continuing Operations of 30.4%, +510 bps Total cash of $20.8 million and total debt of $8.1 million as of March 31, 2025 Repurchased $11
NPK International Inc. (NYSE:NPKI) ("NPK" or the "Company") today announced results for the first quarter ended March 31, 2025. FIRST QUARTER 2025 RESULTS (all comparisons versus the prior year period unless otherwise noted) Revenues of $64.8 million, +32% Operating income from continuing operations of $13.5 million Operating margin from continuing operations of 20.9% Income from continuing operations of $10.4 million, or $0.12 per diluted share Adjusted EBITDA from Continuing Operations of $19.7 million, +59% Adjusted EBITDA margin from Continuing Operations of 30.4%, +510 bps Total cash of $20.8 million and total debt of $8.1 million as of March 31, 2025 Repurchased $11
NPK International Inc. (NYSE:NPKI) ("NPK" or the "Company") today announced that it will issue first quarter 2025 results after the U.S. markets close on Thursday, May 1, 2025. A conference call will be held the following day on Friday, May 2, 2025, at 9:30 a.m. ET to review the Company's financial results and conduct a question-and-answer session. A webcast of the conference call and accompanying presentation materials will be available in the Investor Relations section of the Company's website at https://investors.npki.com/. To listen to a live broadcast, go to the site at least 15 minutes prior to the scheduled start time in order to register, download and install any necessary audio so
NPK International Inc. (NYSE:NPKI) ("NPK" or the "Company") today announced results for the three and twelve months ended December 31, 2024. FOURTH QUARTER 2024 RESULTS (all comparisons versus the prior year period unless otherwise noted) Revenues of $57.5 million, +24% Operating income from continuing operations of $11.6 million Operating margin from continuing operations of 20.2% Income from continuing operations of $8.0 million, or $0.09 per diluted share; Adjusted Income from Continuing Operations of $7.1 million, or $0.08 per diluted share Adjusted EBITDA from Continuing Operations of $17.1 million, +35% Adjusted EBITDA margin from Continuing Operations of 29.7%
NPK International Inc. (NYSE:NPKI) ("NPK" or the "Company") announced today that Joseph A. Cutillo has been appointed as a new member to its board of directors, effective March 10, 2025. Mr. Cutillo brings over 30 years of experience in strategy and operations associated with the development of critical infrastructure, transportation and datacenter construction projects. He has served as the Chief Executive Officer of Sterling Infrastructure, Inc. (NASDAQ:STRL) ("Sterling") since 2017. Prior to his appointment as Chief Executive Officer of Sterling, Mr. Cutillo held varying positions of increasing responsibility at Sterling, including Vice President, Strategy & Business Development, Execut