NPK International Inc.

Listed Company

NPKICIK 0000071829NYSEAcceleratedServices-Miscellaneous Equipment Rental & LeasingDelawareFY ends Dec 31

Period

FY 2025

Revenue

$277.04M

Net Income

$38.94M

Total Assets

$441.76M

Equity

$351.16M

Shares Out

84.53M

Op. Cash Flow

$72.99M

Business

NPK International Inc. is a temporary worksite access solutions company that manufactures, sells, and rents recyclable composite matting systems and provides associated planning, logistics, site construction, and restoration services. Its main products and services include recyclable DURA-BASE® composite mats and related components, rental matting systems, and full-suite site services such as logistics and restoration. The company’s operating activities are organized around its rental and services business and its product sales business, with its former Fluids Systems segment reported as divested and discontinued. NPK primarily serves customers in the United States and the United Kingdom, sells product worldwide, and delivers services through short-term rental and service agreements to utilities, energy, pipeline, renewable energy, petrochemical, and construction customers.

Summary from filing dated 2025-02-28

Financials

Consolidated Statement of Income

Year Ended · In millions, except per-share amounts

Concept	FY 2025 2025-12-31	FY 2024 2024-12-31	FY 2023 2023-12-31	FY 2022 2022-12-31	FY 2021 2021-12-31
Total revenues	277	217	208	193	615
Total cost of revenues	176	140	135	133	530
Selling, general and administrative expenses	54	46	51	49	94
Other operating (income) loss, net	−53,000	−1	−1	−3	−391,000
Operating income from continuing operations	47	32	23	7	−9
Foreign currency exchange (gain) loss	−884,000	869,000	−889,000	1	−397,000
Interest expense, net	13,000	3	4	4	—
Income from continuing operations before income taxes	48	29	20	2	−18
Provision (benefit) for income taxes from continuing operations	12	−7	6	900,000	7
Income from continuing operations	36	36	14	822,000	—
Income (loss) from discontinued operations before income taxes	−1	4	5	−18	—
Gain (loss) on sale of discontinued operations before income taxes	2	−196	0	0	—
Provision (benefit) for income taxes from discontinued operations	−2	−6	5	3	—
Income (loss) from discontinued operations	3	−186	367,000	−22	—
Net income (loss)	39	−150	15	−21	−26
Income from continuing operations (in shares)	0.42	0.41	0.16	0.01	—
Income (loss) from discontinued operations (in dollars per share)	0.04	−2.17	0	−0.23	—
Net income (loss), basic (in dollars per share)	0.46	−1.75	0.17	−0.22	−0.28
Income from continuing operations-diluted (in dollars per share)	0.42	0.41	0.16	0.01	—
Income (loss) from discontinued operations (in dollars per share)	0.03	−2.13	0	−0.23	—
Net income (loss), diluted (in dollars per share)	0.45	−1.72	0.16	−0.22	−0.28

Consolidated Balance Sheet

As of · In millions, except per-share amounts

Concept	FY 2025 2025-12-31	FY 2024 2024-12-31	FY 2023 2023-12-31	FY 2022 2022-12-31	FY 2021 2021-12-31
Cash and cash equivalents	5	18	789,000	86,000	24
Receivables, net of allowance of $330 and $948, respectively	60	75	43	242	—
Inventories	12	15	19	150	155
Prepaid expenses and other current assets	5	6	5	11	15
Total current assets	81	113	357	426	389
Property, plant and equipment, net	233	187	166	193	260
Operating lease assets	11	12	11	24	28
Goodwill	76	47	47	47	47
Other intangible assets, net	21	10	12	20	25
Deferred tax assets	6	16	1	2	2
Other assets	13	8	2	2	2
Total assets	442	394	642	715	753
Current debt	5	3	6	22	—
Accounts payable	22	19	16	94	85
Accrued liabilities	30	22	21	47	47
Total current liabilities	57	45	136	163	150
Long-term debt, less current portion	12	5	56	92	—
Noncurrent operating lease liabilities	10	11	11	20	22
Deferred tax liabilities	7	1	4	8	12
Other noncurrent liabilities	4	6	4	9	10
Total liabilities	91	67	227	292	291
Commitments and contingencies (Note 15)	—	—	—	—	—
Common stock, $0.01 par value (200,000,000 shares authorized and 90,134,477 and 111,669,464 shares issued, respectively)	902,000	1	1	1	1
Paid-in capital	490	633	640	641	635
Accumulated other comprehensive loss	−2	−3	−63	−67	−61
Retained earnings (deficit)	−101	−139	11	2	24
Treasury stock, at cost (5,616,798 and 25,114,978 shares, respectively)	−37	−166	−173	−155	−137
Total stockholders equity	351	326	415	423	462
Total liabilities and stockholders equity	442	394	642	715	753

Consolidated Statement of Cash Flows

Year Ended · In millions, except per-share amounts

Concept	FY 2025 2025-12-31	FY 2024 2024-12-31	FY 2023 2023-12-31	FY 2022 2022-12-31	FY 2021 2021-12-31
(Gain) loss on divestitures	−2	196	0	−4	0
Impairments and other non-cash charges	0	0	6	37	—
Depreciation and amortization	26	28	31	39	42
Stock-based compensation expense	6	5	7	7	8
Provision for deferred income taxes	9	−20	−482,000	−3	−1
Credit loss expense	35,000	698,000	1	1	664,000
Gain on sale of assets	−2	−4	−3	−3	−7
Gain on insurance recovery	0	−874,000	0	0	−849,000
Amortization of original issue discount and debt issuance costs	472,000	983,000	541,000	871,000	4
(Increase) decrease in receivables	−4	−28	65	−42	−61
Decrease in inventories	3	10	2	−47	−10
(Increase) decrease in other assets	−4	−4	307,000	−855,000	−726,000
Increase (decrease) in accounts payable	−3	12	−25	11	36
Increase (decrease) in accrued liabilities and other	4	−7	445,000	334,000	12
Net cash provided by operating activities	73	38	100	−25	−3
Capital expenditures	−47	−44	−29	−28	−22
Business acquisitions, net of cash acquired	−42	0	0	0	−13
Proceeds from divestitures, net of cash disposed	17	48	20	71	—
Proceeds from sale of property, plant and equipment	4	5	4	3	16
Proceeds from insurance property claim	0	1	0	0	2
Other investing activities	3	−3	0	0	—
Net cash provided by (used in) investing activities	−65	8	−6	46	−17
Borrowings on lines of credit	27	178	242	287	286
Payments on lines of credit	−22	−224	−278	−291	−209
Debt issuance costs	−1	−50,000	0	−1	−295,000
Purchases of treasury stock	−23	−5	−34	−20	−1
Proceeds from employee stock plans	2	139,000	606,000	0	0
Other financing activities	−4	−16	−12	−3	−4
Net cash used in financing activities	−21	−67	−81	−25	21
Effect of exchange rate changes on cash	177,000	−212,000	576,000	−707,000	−2
Net increase (decrease) in cash, cash equivalents, and restricted cash	−13	−21	14	−4	−859,000

Filings

Filing historySign up free to browse every 10-K, 10-Q, 8-K, and proxy this filer has submitted to the SEC.Sign up free · Upgrade to Pro

Material Events

Material EventsTrack every 8-K filing and material event — AI-summarized, timelined, and alertable.Sign up free · Upgrade to Pro

Insiders

Insider ActivitySee executive buy/sell windows and insider trade activity over rolling 30/90/365-day windows.Sign up free · Upgrade to Pro

Institutional Holders

Institutional HoldersSee which funds hold this stock and track position changes quarter over quarter.Sign up free · Upgrade to Pro