Newpark Resources(US:NR)2026-02-25 21:24Revenue Growth - Revenues for Q4 2025 were $75.2 million, representing a 31% increase year-over-year, with rental revenues up 35% to $34.8 million[3]. - Full-year 2025 revenues reached $277.0 million, a 27% increase compared to 2024, driven by a 39% rise in rental revenues[3]. - Revenues for the three months ended December 31, 2025, increased to $75,195,000, a 9.7% rise from $68,838,000 in the previous quarter and a 30.8% increase from $57,524,000 in the same quarter of 2024[25]. - Revenues for the twelve months ended December 31, 2025, reached $277,043,000, up from $217,489,000 in 2024, representing a growth of approximately 27.5%[32]. - Total revenues for the trailing twelve months (TTM) reached $277,043,000, with quarterly revenues of $64,777,000, $68,233,000, $68,838,000, and $75,195,000 respectively[34]. Profitability Metrics - Adjusted EBITDA for Q4 2025 was $21.7 million, a 27% increase year-over-year, with an Adjusted EBITDA margin of 28.8%[3][14]. - Operating income from continuing operations for the twelve months ended December 31, 2025, was $46,779,000, representing a 44.9% increase compared to $32,351,000 for the same period in 2024[25]. - Adjusted EBITDA from Continuing Operations for the twelve months ended December 31, 2025, was $75,506,000, compared to $54,858,000 in 2024, reflecting a year-over-year increase of about 37.5%[32]. - Operating margin for the twelve months ended December 31, 2025, was 16.9%, an increase from 14.9% in 2024[32]. - The operating margin (GAAP) for the TTM was 16.9%, with quarterly margins of 20.9%, 17.0%, 13.2%, and 16.7%[34]. Cash Flow and Financial Position - The company generated cash flow from operating activities of $18.0 million in Q4 2025, compared to a negative cash flow of $4.1 million in Q4 2024[4]. - Net cash provided by operating activities increased to $72,988,000 in 2025, compared to $38,169,000 in 2024[28]. - The company reported a net cash used in financing activities of $(20,945,000) for the twelve months ended December 31, 2025, compared to $(66,882,000) in 2024, indicating improved cash management[28]. - Cash and cash equivalents decreased to $5,140,000 as of December 31, 2025, down from $17,756,000 a year earlier, indicating a decline of 70.0%[27]. Shareholder Returns and Capital Management - The company repurchased 4% of its outstanding shares in 2025, reducing the total shares outstanding by two million[13]. - Free Cash Flow for the twelve months ended December 31, 2025, was $30,331,000, a turnaround from a negative Free Cash Flow of $(365,000) in 2024[33]. - Capital expenditures for the twelve months ended December 31, 2025, totaled $46,671,000, compared to $43,531,000 in 2024[28]. Asset and Liability Management - Total assets increased to $441,758,000 as of December 31, 2025, compared to $393,682,000 as of December 31, 2024, reflecting a growth of 12.2%[27]. - Total current liabilities rose to $57,144,000 as of December 31, 2025, compared to $44,659,000 a year earlier, reflecting a 28.0% increase[27]. - The company’s goodwill increased to $76,341,000 as of December 31, 2025, up from $47,222,000 in the previous year, indicating a growth of 61.9%[27]. Net Income and Earnings Per Share - The company reported a net income of $14,604,000 for the three months ended December 31, 2025, compared to $5,654,000 in the previous quarter and $8,703,000 in the same quarter of 2024, marking a significant increase[25]. - Net income for the twelve months ended December 31, 2025, was $38,939,000, a significant improvement from a net loss of $150,262,000 in 2024[28]. - Income from continuing operations per share (basic) was $0.13 for the three months ended December 31, 2025, compared to $0.07 in the previous quarter and $0.09 in the same quarter of 2024[25]. - Adjusted Income from Continuing Operations for the twelve months ended December 31, 2025, was $36,296,000, significantly higher than $20,271,000 in 2024[31]. - Adjusted Income from Continuing Operations Per Common Share (diluted) for the twelve months ended December 31, 2025, was $0.42, compared to $0.23 in 2024[31]. Production and Market Expansion - Production volumes increased by over 15% year-over-year in 2025, with initiatives expected to support further growth in 2026[7]. - The acquisition of Grassform Plant Hire Limited was completed for $42 million, enhancing NPK's capabilities in the U.K. market[13].