Latest news with #NPK
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
Washington Post
07-05-2025
- Business
- Washington Post
National Presto: Q1 Earnings Snapshot
EAU CLAIRE, Wis. — EAU CLAIRE, Wis. — National Presto Industries Inc. (NPK) on Wednesday reported earnings of $7.6 million in its first quarter. On a per-share basis, the Eau Claire, Wisconsin-based company said it had net income of $1.07.
The Independent
01-04-2025
- The Independent
Girl, 17, killed in drive-by shooting day after rapper suffered social media humiliation in gang feud, jury told
A 17-year-old girl was killed in drive-by shooting the day after a rapper was beaten and humiliated on social media following a series of violent 'tit for tat' attacks between rival North London gangs, a court has heard. Jurors were told Tanesha Melbourne-Blake, who had been outside playing a 'penny up' game with friends, may not have been the intended target when she was gunned down in Tottenham seven years ago. Marcus La-Croix, 37, who raps under the name 'Bobby Slater', and Michael Clarke, known as 'Da Gaffa', both deny murdering the teenager in a 'ride-out' after La-Croix was attacked by rivals at a diner the night before. The Old Bailey heard how the teenager, who had been dancing and socialising with her friends, was walking up Chalgrove Road, Tottenham, shortly after 9pm on 2 April 2018 when she was shot with a weapon aimed from the rear window of a passing Vauxhall Meriva. Prosecutor Jocelyn Ledward KC said she 'selflessly' shouted for her friend to duck before turning to him and saying: 'Jace, I've been shot'. She asked for him to call her mother as she collapsed on the floor, but quickly became pale and stopped breathing, the court heard. By the time police and ambulance crews arrived, a large crowd had gathered. Ms Melbourne-Blake was pronounced dead at 10.43pm after a single bullet wound to her right breast caused 'severe and uncontrollable bleeding', Ms Ledward told the jury, adding that the nature of her injuries suggest she was ducking or leaning forwards when she was hit. Members of the teenager's family left the courtroom as details of her final moments were read out. Witnesses described seeing three bright sparks like 'fireworks' and hearing the 'pap, pap, pap' of three bullets being fired from the vehicle, the court heard. 'There was nothing out of the ordinary about this particular evening, and none of the group knew of any reason why anyone would wish to harm Tanesha or any of them,' Ms Ledward told the jury. The court heard shooting happened amid 'longstanding enmity' and 'extreme levels of violence' between rivals the Northumberland Park Killers (NPK), also known as the 'Sin Squad', and the Wood Green Mob (WGM). In February that year 22-year-old Kwabena Nelson was murdered in Tottenham, in so-called NPK territory, by a killer from Wood Green called Neron Quartey. Just over a month later, Kelvin Odunuyi was shot dead in the Vue Cinema in Wood Green. Nobody has been charged with his murder. Later that same day, a young man from Wood Green stabbed a student multiple times outside Haringey Sixth Form college in Tottenham. 'These incidents give some idea of the extreme levels of violence which characterised the disputes between NPK and WGM in the early part of 2018,' Ms Ledward said. 'But the murder of Tanesha Melbourne-Blake was not merely a continuation of that catalogue of violence - it had its own particular catalyst.' CCTV footage played to the court showed Mr La-Croix, who has links to Wood Green, being subjected to a 'violent, entirely gratuitous, sustained and targeted physical assault with kicks and punches' by four men from Northumberland Park as his girlfriend tried to defend him the day before the shooting. The assault at the Tinsel Town diner in Farringdon in the early hours of 1 April 2018 was filmed and widely circulated on social media in a series of posts 'mocking' Mr La-Croix, including his own account after the attackers stole his mobile phone. 'Some of those posts were recovered by the police, and they give a flavour of the way in which this unprovoked and seemingly unexpected violent attack was turned into a very public humiliation,' Ms Ledward told the court. The prosecution allege that Mr La-Croix and Mr Clarke were both in the car when the fatal shot was fired. Both deny murder and possession of a firearm with intent to endanger life. The Old Bailey trial continues.
