Latest news with #NPK
Hindustan Times
25-06-2025
- Business
- Hindustan Times
Minister warns of stern action against fertiliser blackmarketing
Issuing a stern warning against blackmarketing, forced product bundling, or overpricing, Uttar Pradesh agriculture minister Surya Pratap Shahi on Tuesday said farmers would get urea, diammonium phosphate (DAP), and nitrogen, phosphorus and potassium (NPK) fertilisers strictly at notified retail prices. Agriculture minister Surya Pratap Shahi said farmers would get urea, DAP, and NPK fertilisers strictly at notified retail prices. (HT File) Addressing a press conference in the state capital on Tuesday, Shahi said that during surprise inspections on June 23 (Monday), several fertiliser outlets in Lucknow and Sitapur were found violating norms. While some shops were sealed, licences of others were suspended, he said. 'In Sitapur, Jain Enterprises was sealed for stock irregularities and under-supply to retailers, while Balaji Agro Traders and several other outlets were found violating record-keeping norms or selling without proper display boards,' the minister said. 'In Lucknow, wholesalers Om Prakash and Jai Prakash were caught overcharging retailers. Their licences were suspended. FIRs will be lodged against those indulging in forced sales or inflated pricing,' he added. Expressing satisfaction over fertiliser availability in the state, Shahi said that of the 39.58 lakh metric tonne (MT) supplied for the 2025 kharif season so far, 25.62 lakh MT had already been sold, with nearly 9.91 lakh MT in stock. To ensure transparency, the minister directed that all fertiliser sales must be done via point of sale (POS) machines and linked to farmers' land records and crop requirements. District magistrates, SPs and agriculture officers have been instructed to closely monitor supply and distribution, Shahi said. He reiterated that no fertiliser sale would be allowed without a receipt, and violators would face action under the Essential Commodities Act, 1955 and the Fertiliser Control Order, 1985.
Business Wire
23-06-2025
- Business
- Business Wire
NPK Announces New $150 Million Revolving Credit Facility
THE WOODLANDS, Texas--(BUSINESS WIRE)--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 calculated in accordance with the Agreement. The bank group participating in the facility includes Bank of America, N.A., Amegy Bank, Regions Bank, First Horizon Bank, Texas Capital Bank and Woodforest National Bank. Gregg Piontek, NPK's Senior Vice President and Chief Financial Officer, stated, "We are very pleased to have the support of our bank group, including our long-term partners, as well as new partnerships established through this Agreement. The new facility provides expanded liquidity and improved flexibility, better enabling us to execute on our long-term growth strategy and capital allocation priorities, consistent with our focus on driving long-term value creation for our shareholders." For further information regarding the Agreement, please refer to the Company's Current Report on Form 8-K, to be filed with the Securities and Exchange Commission on or before June 26, 2025. ABOUT NPK INTERNATIONAL NPK International Inc. is a worksite access solutions company that manufactures, sells, and rents industry-leading sustainable composite matting products, along with a full suite of services, including planning, logistics, and site restoration. The Company delivers superior quality and reliability across critical infrastructure markets, including electrical transmission & distribution, oil and gas exploration, pipeline, renewable energy, petrochemical, construction, and other industries. For more information, visit our website at FORWARD-LOOKING STATEMENTS This news release contains 'forward-looking statements' within the meaning of the Private Securities Litigation Reform Act of 1995, as amended. All statements other than statements of historical facts are forward-looking statements. Words such as 'will,' 'may,' 'could,' 'would,' 'should,' 'anticipates,' 'believes,' 'estimates,' 'expects,' 'plans,' 'intends,' 'guidance,' and similar expressions are intended to identify these forward-looking statements but are not the exclusive means of identifying them. These statements are not guarantees that our expectations will prove to be correct and involve a number of risks, uncertainties, and assumptions. Many factors, including those discussed more fully elsewhere in this release and in documents filed with the Securities and Exchange Commission by NPK, particularly its Annual Report on Form 10-K, and its Quarterly Reports on Form 10-Q, as well as others, could cause actual plans or results to differ materially from those expressed in, or implied by, these statements. These risk factors include, but are not limited to, risks related to our sale of the Fluids Systems business; our ability to generate organic growth; economic and market conditions that may impact our customers' future spending; the effective management of our fleet, including our ability to properly manufacture, safeguard, and maintain our fleet; international operations; operating hazards present in our and our customers' industries and substantial liability claims; our contracts that can be terminated or downsized by our customers without penalty; our product offering and market expansion; our ability to attract, retain, and develop qualified leaders, key employees, and skilled personnel; expanding our services in the utilities sector, which may require unionized labor; the price and availability of raw materials; inflation; capital investments and business acquisitions; market competition; technological developments and intellectual property; severe weather, natural disasters, and seasonality; public health crises, epidemics, and pandemics; our cost and continued availability of borrowed funds, including noncompliance with debt covenants; environmental laws and regulations; legal compliance; the inherent limitations of insurance coverage; income taxes; cybersecurity incidents or business system disruptions; activist stockholders that may attempt to effect changes at our Company or acquire control over our Company; share repurchases; and our amended and restated bylaws, which could limit our stockholders' ability to obtain what such stockholders believe to be a favorable judicial forum for disputes with us or our directors, officers or other employees. We assume no obligation to update any forward-looking statements, whether as a result of new information, future events or otherwise, except as required by securities laws. NPK's filings with the Securities and Exchange Commission can be obtained at no charge at as well as through our website at
Yahoo
26-05-2025
- Business
- Yahoo
Nampak Ltd (JSE:NPK) (H1 2025) Earnings Call Highlights: Strong Financial Performance and ...
Revenue: Increased by 11% to ZAR5.7 billion. EBITDA Margin: Improved from 4.6% in H1 '23 to 19.3% in H1 '25. Trading Profit: Rose by 22% to ZAR764 million. Operating Profit: Increased by 7% to ZAR952 million. Net Finance Costs: Reduced by 38% to ZAR282 million. Profit Before Tax: Up 58% to ZAR670 million. Headline Earnings: Increased by 5% to ZAR471 million. Net Debt: Reduced by ZAR1.5 billion to ZAR3.1 billion. Net Debt-to-EBITDA Ratio: Improved to 2.8 times. Return on Shareholders' Equity: Increased from 48% to 60%. Return on Invested Capital: Achieved 21%, exceeding the weighted average cost of capital. Cash Generation: ZAR1.2 billion generated before working capital. Capital Expenditure: ZAR148 million spent in the last 6 months. Gearing Ratio: Reduced from 258% to 149%. Warning! GuruFocus has detected 9 Warning Signs with JSE:NPK. Release Date: May 23, 2025 For the complete transcript of the earnings call, please refer to the full earnings call transcript. Nampak Ltd (JSE:NPK) reported a significant improvement in its financial performance, with a trading profit increase from ZAR157 million in the first half of 2023 to ZAR764 million in the first half of 2025. The company achieved a 22% growth in trading profit, demonstrating strong operating leverage and margin expansion. Nampak Ltd (JSE:NPK) successfully reduced its net debt by ZAR1.5 billion, resulting in a lower net debt-to-EBITDA ratio of 2.8 times. The Diversified portfolio performed exceptionally well, with a 49% increase in trading profit and expanded trading margins from 9.9% to 12.9%. The Angolan operations delivered strong results with a 33% rise in trading profit, benefiting from a switch by a key customer from PET and Tetra Pak to cans. The ramp-up of installed large format can capacity in South Africa was delayed, impacting potential performance in the Beverage segment. There was a slight regression in EBITDA and operating profit margins due to nonrecurring positive impacts from the previous year. The company faces challenges in the volatile economic and commercial landscape of South Africa, requiring increased vigilance and agility. Nampak Ltd (JSE:NPK) has a significant dependency on a few key customers in Angola, which poses a risk if market conditions change. The Zimbabwean operations remain a concern due to the volatile environment and the outstanding $52 million owed to Nampak Ltd (JSE:NPK) by the Zimbabwean government. Q: Can you provide an update on the situation in Zimbabwe, given it's held for sale? A: Phildon Roux, CEO, explained that the volatility in Zimbabwe is high, but they have had encouraging discussions with local authorities. The main concern is whether the buyers will have the funds ready, but they have a bank guarantee for $12.5 million and are optimistic about closing the transaction. Q: What is the impact of the shift to 500 ml cans on your business? A: Phildon Roux, CEO, noted that the shift to 500 ml cans is driven by consumer preference for value and is resulting in strong double-digit growth. This trend is seen across beer, energy drinks, and now Coca Cola, indicating a significant market shift. Q: How are the trading margins in Angola compared to South Africa, and are they sustainable? A: Phildon Roux, CEO, stated that Angola's margins are higher due to currency stability, single supplier status, and high entry barriers. The business is well-managed and efficient, and they expect these margins to be sustainable. Q: What are the expectations for dividends or buybacks given the current debt levels? A: Glenn Fullerton, CFO, mentioned that once the Zimbabwe transaction is closed and consistent results are achieved, the Board may consider resuming dividends. The company has the cash-generative ability to support this in the medium term. Q: Can you comment on the capacity utilization in Angola and plans to bring a line to South Africa? A: Phildon Roux, CEO, indicated that Angola is running at 40% capacity utilization, with no need for additional CapEx. They plan to relocate a dormant line to South Africa to meet demand without significant new investment. For the complete transcript of the earnings call, please refer to the full earnings call transcript. This article first appeared on GuruFocus. Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
Business Wire
20-05-2025
- Business
- Business Wire
MSCI to Change NPK International's GICS Code to Industrials/Capital Goods
THE WOODLANDS, Texas--(BUSINESS WIRE)--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 markets,' stated Matthew Lanigan, President and CEO of NPK International. 'We remain committed to our strategic priorities, which emphasizes the long-term growth of our specialty rental business, and continue to be encouraged by the momentum in our core utilities transmission and critical infrastructure end markets.' ABOUT NPK INTERNATIONAL NPK International Inc. is a worksite access solutions company that manufactures, sells, and rents industry-leading sustainable composite matting products, along with a full suite of services, including planning, logistics, and site restoration. As a geographically diversified company, the Company delivers superior quality and reliability across critical infrastructure markets, including electrical transmission & distribution, oil and gas exploration, pipeline, renewable energy, petrochemical, construction, and other industries. For more information, visit our website at
Yahoo
20-05-2025
- Business
- Yahoo
MSCI to Change NPK International's GICS Code to Industrials/Capital Goods
THE WOODLANDS, Texas, May 20, 2025--(BUSINESS WIRE)--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 markets," stated Matthew Lanigan, President and CEO of NPK International. "We remain committed to our strategic priorities, which emphasizes the long-term growth of our specialty rental business, and continue to be encouraged by the momentum in our core utilities transmission and critical infrastructure end markets." ABOUT NPK INTERNATIONAL NPK International Inc. is a worksite access solutions company that manufactures, sells, and rents industry-leading sustainable composite matting products, along with a full suite of services, including planning, logistics, and site restoration. As a geographically diversified company, the Company delivers superior quality and reliability across critical infrastructure markets, including electrical transmission & distribution, oil and gas exploration, pipeline, renewable energy, petrochemical, construction, and other industries. For more information, visit our website at View source version on Contacts IR CONTACT Noel Ryan or Paul BartolaiInvestors@ Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
