NPK International reported third-quarter 2026 revenue growth and a sharp increase in adjusted EBITDA, while operating income from continuing operations was nearly unchanged from a year earlier. The company also repurchased $13.4 million of its common stock during the quarter.
- Revenue rose 11% to $76.3 million, up from $68.8 million a year earlier.
- Operating income from continuing operations was $9.2 million, compared with $9.1 million. The operating margin was 12.0%.
- Income from continuing operations was $6.3 million, or $0.07 per diluted share. Diluted earnings per share were also $0.07 in the prior-year quarter.
- Adjusted EBITDA from continuing operations increased 30% to $20.0 million from $15.4 million. Adjusted EBITDA margin reached 26.2%, an improvement of 3.9 percentage points.
- NPK repurchased $13.4 million of common stock in the quarter.
- At September 30, the company had $26.3 million of debt and $4.2 million of cash—debt exceeded cash by $22.1 million.
The quarter’s measures showed different trends: revenue grew and adjusted EBITDA rose substantially, while operating income changed little. NPK presents adjusted EBITDA and other non-GAAP measures alongside GAAP results; the company says these measures are used by management and should be considered in addition to, not instead of, GAAP financial measures.