0000071829-26-000039
SEC filingNPK二季度营收增长20%，上调全年盈利指引，核心驱动为电力传输市场需求强劲。
| 指标 | 本期 | 去年同期 | 同比 |
|---|---|---|---|
| Revenue | $81.6M | $68.2M | +20% |
| Gross Margin | 37.0% | 36.9% | +10bps |
| Operating Income from Continuing Operations | $16.1M | $11.6M | +$4.5M |
| Operating Margin from Continuing Operations | 19.7% | 17.0% | +270bps |
| Income from Continuing Operations | $12.0M | $8.8M | +$3.2M |
| Diluted EPS from Continuing Operations (GAAP) | $0.14 | $0.10 | +$0.04 |
| Adjusted EBITDA from Continuing Operations | $25.7M | $18.8M | +$6.9M |
| Adjusted EBITDA Margin from Continuing Operations | 31.5% | 27.5% | +400bps |
| Net Cash Provided by Operating Activities | $21.9M | $21.4M | +$0.5M |
| Free Cash Flow | $5.9M | $11.2M | -$5.3M |
| 期间 | 指标 | 指引 | 口径 |
|---|---|---|---|
| FY2026 | Revenue | $313M - $323M | N/A |
| FY2026 | Adjusted EBITDA | $97M - $103M | Non-GAAP |
| FY2026 | Capital Expenditures | $65M - $80M | N/A |
简评
NPK 二季度业绩表现强劲，营收同比增长 20% 至 $81.6M，主要受电力传输市场持续强劲需求驱动。租金及服务收入创纪录达 $54M，产品销售收入 $28M 为两年最高。调整后 EBITDA 利润率同比大幅提升 400bps 至 31.5%，反映运营效率改善和成本优化成效。管理层强调，尽管面临大型项目撤场的挑战，公司仍实现了稳健增长，并对下半年保持信心。
公司上调了全年盈利指引，预计营收 $313M-$323M，调整后 EBITDA $97M-$103M。资本开支计划下调至 $65M-$80M，主要反映制造扩张支出时间调整，不影响 2027 年中投产目标。Carencro 扩产项目进展顺利，预计产能提升约 50%，将支持长期增长。资产负债表稳健，可用流动性 $148M，为战略投资和资本回报提供充足空间。