Newpark Resources

Newpark Resources, Inc. engages in the provision of products, rentals and services to the oil and gas exploration and production industry. It operates through the Fluids Systems and Industrial Solutions segments. The Fluids Systems segment offers drilling fluids products and technical services. The Industrial Solutions segments includes site and access solutions business along with industrial bending operations. The company was founded in 1932 and is headquartered in The Woodlands, TX.

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Earnings data Q4 2024

Newpark Resources reports revenue growth and strategic initiatives for 2022

Newpark Resources' Q4 2022 performance showcased revenue growth, improved EBITDA, and strategic initiatives for enhanced returns and cash flow.
Despite challenges in Fluid Systems, the company's focus on operational efficiency and growth opportunities positions it well for future success.
With a positive outlook on utilities infrastructure spending and Fluids business agility, Newpark Resources aims for continued growth and profitability.

Newpark Resources reports record Q1 revenues, focuses on innovation and growth

Newpark Resources delivered strong financial performance in Q1 2023, driven by record revenues and effective cost management. The company's focus on innovation, debt reduction, and strategic investments underscores a commitment to long-term success. While facing challenges in cost optimization and market dynamics, Newpark Resources remains poised to capitalize on growth opportunities and maintain financial resilience.

Newpark Resources reports strong Q2 performance and explores strategic alternatives

Newpark Resources delivered a strong Q2 performance with notable growth in key segments and a focus on enhancing shareholder value.
The company's strategic focus on capital allocation, cost optimization, and potential acquisitions positions it for future growth.
Challenges in the Fluid Systems division are being addressed through exploration of strategic alternatives.
Overall, Newpark Resources is navigating opportunities for growth while addressing challenges to drive shareholder value.

Newpark Resources excels in Q3 earnings, eyes growth opportunities

Newpark Resources delivered a robust performance in Q3, showcasing strong financial metrics and operational achievements. While facing challenges in margin management and economic uncertainties, the company remains focused on growth opportunities and enhancing shareholder value through strategic initiatives.

Newpark Resources reports strong Q4 performance, plans divestiture for growth

Newpark Resources delivered a solid performance in Q4 2023, driven by growth in Industrial Solutions and improvements in Fluids business.
The company's focus on operational efficiencies, debt reduction, and shareholder value enhancement position it well for future growth.
Challenges in Fluid Systems revenue and divestiture plans for Fluids business require strategic adjustments for sustained performance.
Opportunities in rental fleet expansion, inorganic growth, and portfolio optimization offer avenues for future growth and value creation.

Newpark Resources reports strong Q1 performance, eyes global growth opportunities

Newpark Resources' Q1 performance reflects a balanced growth strategy across Industrial Solutions and Fluid Systems segments, with a focus on market expansion and cost efficiency.
While facing challenges in certain sectors, the company's strengths in the utility sector and margin expansion demonstrate resilience and adaptability.
With a positive outlook for multiyear demand and strategic investments in fleet expansion, Newpark is poised to capitalize on growth opportunities and drive sustainable performance.

Newpark Resources faces Q3 challenges, eyes growth through cost optimization

Newpark Resources navigated challenges in Q3 2024 but demonstrated resilience with a strong rebound in late Q3, setting the stage for growth in 2025.
Strategic initiatives to optimize costs, focus on site access solutions, and prudent capital allocation underscore the company's commitment to long-term success.
Addressing operational challenges and seizing growth opportunities will be pivotal for Newpark Resources to drive profitability and shareholder value in the future.

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Newpark Resources, Inc. engages in the provision of products, rentals and services to the oil and gas exploration and production industry. It operates through the Fluids Systems and Industrial Solutions segments. The Fluids Systems segment offers drilling fluids products and technical services. The Industrial Solutions segment includes the site and access solutions business along with industrial bending operations. The company was founded in 1932 and is headquartered in The Woodlands, TX.

Newpark (NR) has been upgraded to a Zacks Rank #2 (Buy), reflecting growing optimism about the company's earnings prospects. This might drive the stock higher in the near term.

What Makes Newpark (NR) a New Buy Stock

Newpark Resources, Inc. (NYSE:NR ) Q1 2024 Earnings Conference Call May 3, 2024 9:30 AM ET Company Participants Gregg Piontek – Chief Financial Officer Matthew Lanigan – President and Chief Executive Officer Conference Call Participants Aaron Spychalla – Craig-Hallum Amit Dayal – H.C. Wainright Gerry Sweeney – ROTH Capital Min Cho – B.

Newpark Resources, Inc. (NR) Q1 2024 Earnings Call Transcript

Newpark Resources (NR) came out with quarterly earnings of $0.10 per share, beating the Zacks Consensus Estimate of $0.05 per share. This compares to earnings of $0.09 per share a year ago.

Newpark Resources (NR) Q1 Earnings Surpass Estimates

THE WOODLANDS, Texas , May 2, 2024 /PRNewswire/ -- Newpark Resources, Inc. (NYSE: NR) ("Newpark" or the "Company") today announced results for the first quarter ended March 31, 2024.  FIRST QUARTER 2024 RESULTS (all comparisons versus the prior year period unless otherwise noted) Net income +30% to $7.3 million, or $0.08 per diluted share Adjusted Net Income of $8.9 million, or $0.10 per diluted share Adjusted EBITDA +1% to $21.3 million Adjusted EBITDA margin of 12.6%, +210 basis points Total Debt of $77 million, Net Debt of $40 million and Net Leverage of 0.5x as of March 31, 2024 First Quarter (In millions) 2024 2023 Change Revenues $             169.1 $             200.0 $            (30.9) Operating income $               11.9 $               10.1 $               1.8 Net cash provided by operating activities $               12.0 $               29.4 $            (17.4) Free Cash Flow $                (0.8) $               23.2 $            (24.0) Fluids Systems Segment Revenues $             120.1 $             144.2 $            (24.1) Operating income $                 6.8 $                 3.5 $               3.3 Adjusted EBITDA $                 8.6 $                 8.7 $              (0.1) Operating margin (%) 5.7 % 2.4 % 330 bps Adjusted EBITDA margin (%) 7.2 % 6.0 % 120 bps Industrial Solutions Segment Revenues $               49.0 $               55.9 $              (6.9) Operating income $               12.9 $               14.5 $              (1.6) Adjusted EBITDA $               18.0 $               19.7 $              (1.7) Operating margin (%) 26.4 % 25.9 % 50 bps Adjusted EBITDA margin (%) 36.8 % 35.3 % 150 bps MANAGEMENT COMMENTARY "Early into 2024, we've continued to advance our multi-year value creation strategy as we position Newpark to become a market-leading, pure-play specialty rental business serving the global worksite access market," stated Matthew Lanigan, President and CEO of Newpark.

NEWPARK RESOURCES REPORTS FIRST QUARTER 2024 RESULTS

Newpark (NR) possesses the right combination of the two key ingredients for a likely earnings beat in its upcoming report. Get prepared with the key expectations.

Newpark Resources (NR) Expected to Beat Earnings Estimates: Can the Stock Move Higher?

THE WOODLANDS, Texas , April 18, 2024 /PRNewswire/ -- Newpark Resources, Inc. (NYSE: NR) ("Newpark" or the "Company") today announced that it will issue first quarter 2024 results after the U.S. markets close on Thursday, May 2, 2024. A conference call will be held the following day on Friday, May 3, 2024, at 9:30 a.m.

NEWPARK RESOURCES ANNOUNCES FIRST QUARTER 2024 RESULTS CONFERENCE CALL AND WEBCAST DATE

Newpark Resources reported mixed results, but shares have rallied due to anticipation of the potential sale of their fluids business. The fluids business at Newpark has been impacted by the oil crash of 2015, and the company plans to sell it to focus on its Mats industrial business. Potential buyers for the fluids segment include Weatherford International and NOV.

Newpark Resources: Anticipation, The Shot Clock Is Winding Down On Fluids Business

Newpark Resources, Inc. (NR) Q4 2023 Earnings Call Transcript

THE WOODLANDS, Texas , Feb. 21, 2024 /PRNewswire/ -- Newpark Resources, Inc. (NYSE: NR) ("Newpark" or the "Company") today announced results for the three and twelve months ended December 31, 2023.  FOURTH QUARTER 2023 RESULTS (all comparisons versus the prior year period unless otherwise noted)  Industrial Solutions segment revenue of $46.5 million, -19% Fluids Systems segment revenue of $121.4 million, -28% Net Loss of $0.5 million, or $0.01 per share Adjusted Net Income of $3.8 million, -43%; $0.04 per diluted share, -38% Adjusted EBITDA of $16.2 million, -25% Adjusted EBITDA margin of 9.7%, +12 basis points Total Debt of $75 million, Net Debt of $36 million and Net Leverage of 0.5x as of December 31, 2023 Net cash provided by operating activities of $36.2 million and Free Cash Flow of $27.8 million, +$35 million Repurchased $6 million of common equity; announces new $50 million share repurchase authorization FULL YEAR 2023 RESULTS (all comparisons versus the prior year period unless otherwise noted)  Industrial Solutions segment revenue of $207.6 million, +8% Fluids Systems segment revenue of $542.0 million, -13% Net Income of $14.5 million, or $0.16 per diluted share Adjusted Net Income of $27.8 million, +120%; $0.31 per diluted share, +135% Adjusted EBITDA of $80.1 million, +21% Adjusted EBITDA margin of 10.7%, +258 basis points Net cash provided by operating activities of $100.0 million and Free Cash Flow of $74.5 million, +$125 million Repurchased $32 million of common equity   Fourth Quarter (In millions) 2023 2022 Change Revenues $             167.8 $             225.2 $              (57.4) Operating income $                 4.4 $               17.5 $              (13.1) Net cash provided by operating activities $               36.2 $                 3.1 $               33.1 Free Cash Flow $               27.8 $                (6.8) $               34.6 Fluids Systems Segment Revenues $             121.4 $             167.7 $              (46.3) Operating income (loss) $                (1.1) $                 4.8 $                (5.9) Adjusted EBITDA $                 4.7 $                 7.4 $                (2.7) Operating margin (%) (0.9) % 2.9 % -380 bps Adjusted EBITDA margin (%) 3.9 % 4.4 % -50 bps Industrial Solutions Segment Revenues $               46.5 $               57.5 $              (11.0) Operating income $               11.4 $               17.8 $                (6.4) Adjusted EBITDA $               16.8 $               23.3 $                (6.5) Operating margin (%) 24.6 % 30.9 % -630 bps Adjusted EBITDA margin (%) 36.1 % 40.5 % -440 bps Full Year (In millions) 2023 2022 Change Revenues $             749.6 $             815.6 $              (66.0) Operating income (loss) $               33.6 $                (9.0) $               42.6 Net cash provided by (used in) operating activities $             100.0 $              (25.0) $             125.0 Free Cash Flow $               74.5 $              (50.1) $             124.6 Fluids Systems Segment Revenues $             542.0 $             622.6 $              (80.6) Operating income (loss) $               11.9 $              (15.6) $               27.5 Adjusted EBITDA $               32.4 $               28.2 $                 4.2 Operating margin (%) 2.2 % (2.5) % 470 bps Adjusted EBITDA margin (%) 6.0 % 4.5 % 150 bps Industrial Solutions Segment Revenues $             207.6 $             193.0 $               14.6 Operating income $               53.0 $               43.9 $                 9.1 Adjusted EBITDA $               74.4 $               65.8 $                 8.6 Operating margin (%) 25.5 % 22.7 % 280 bps Adjusted EBITDA margin (%) 35.8 % 34.1 % 170 bps   MANAGEMENT COMMENTARY "Throughout 2023, our team focused on the execution of our business transformation strategy, culminating in strong year-over-year organic growth in Adjusted EBITDA, margin realization, free cash flow and profitability," stated Matthew Lanigan, President and CEO of Newpark.

NEWPARK RESOURCES REPORTS FOURTH QUARTER AND FULL YEAR 2023 RESULTS

THE WOODLANDS, Texas , Feb. 1, 2024 /PRNewswire/ -- Newpark Resources, Inc. (NYSE: NR) ("Newpark" or the "Company") today announced that it will issue fourth quarter and full-year 2023 results after the U.S. markets close on Wednesday, February 21, 2024.  A conference call will be held the following day on Thursday, February 22, 2024, at 9:30 a.m.

NEWPARK RESOURCES ANNOUNCES FOURTH QUARTER AND FULL-YEAR 2023 RESULTS CONFERENCE CALL AND WEBCAST DATE

THE WOODLANDS, Texas , Nov. 9, 2023 /PRNewswire/ -- Newpark Resources, Inc. (NYSE: NR) ("Newpark" or the "Company") today announced that members of senior management will attend the 14th Annual Craig-Hallum Alpha Select Conference at the Sheraton Times Square Hotel in New York City on Thursday, November 16, 2023. In conjunction with the event, Newpark executives will be available to participate in one-on-one meetings with investors registered to attend the conference.

NEWPARK RESOURCES TO ATTEND THE 14TH ANNUAL CRAIG-HALLUM ALPHA SELECT CONFERENCE

Newpark Resources, Inc. (NYSE:NR ) Q3 2023 Earnings Conference Call November 1, 2023 9:30 AM ET Company Participants Rob Krotee - Vice President of Investor Relations, Strategy & Corporate Development Matthew Lanigan - President & Chief Executive Officer Gregg Piontek - Chief Financial Officer Conference Call Participants Aaron Spychalla - Craig-Hallum Bill Dezellem - Tieton Capital Operator Good morning. My name is Todd and I will be your conference operator today.

Newpark Resources, Inc. (NR) Q3 2023 Earnings Call Transcript

THE WOODLANDS, Texas , Oct. 31, 2023 /PRNewswire/ -- Newpark Resources, Inc. (NYSE: NR) ("Newpark" or the "Company") today announced results for the third quarter ended September 30, 2023.  THIRD QUARTER 2023 RESULTS (all comparisons versus the prior year period unless otherwise noted) Industrial Solutions segment revenue of $57.3 million, +12%; year-to-date $161.2 million, +19% Fluids Systems segment revenue of $141.2 million, -16%; year-to-date $420.6 million, -8% Net Income of $7.7 million, or $0.09 per diluted share Adjusted Net Income of $8.4 million, +59%; $0.09 per diluted share, +71% Adjusted EBITDA of $22.3 million, +13% Adjusted EBITDA margin of 11.2%, +230 basis points Total Debt of $86 million, Net Debt of $59 million and Net Leverage of 0.7x as of September 30, 2023 Repurchased $6 million of common equity under our share repurchase authorization; a total of $26 million repurchased year-to-date Third Quarter (In millions) 2023 2022 Change Revenues $          198.5 $          219.9 $              (21.4) Operating income (loss) $             13.2 $           (21.3) $                34.6 Net cash provided by (used in) operating activities $             27.0 $             (5.1) $                32.1 Free Cash Flow $             22.9 $           (12.7) $                35.6 Fluids Systems Segment Revenues $          141.2 $          168.6 $              (27.4) Operating income (loss) $               7.6 $           (24.2) $                31.8 Adjusted EBITDA $               9.9 $               8.8 $                  1.1 Operating margin (%) 5.4 % (14.3) % 1970 bps Adjusted EBITDA margin (%) 7.0 % 5.2 % 180 bps Industrial Solutions Segment Revenues $             57.3 $             51.2 $                  6.0 Operating income $             14.3 $             10.0 $                  4.3 Adjusted EBITDA $             19.7 $             15.4 $                  4.3 Operating margin (%) 25.0 % 19.6 % 540 bps Adjusted EBITDA margin (%) 34.4 % 30.1 % 430 bps MANAGEMENT COMMENTARY "Our team delivered strong third quarter results, while demonstrating continued execution on our multi-year business transformation strategy," stated Matthew Lanigan, President and Chief Executive Officer of Newpark Resources.

NEWPARK RESOURCES REPORTS THIRD QUARTER 2023 RESULTS

THE WOODLANDS, Texas , Oct. 18, 2023 /PRNewswire/ -- Newpark Resources, Inc. (NYSE: NR) ("Newpark" or the "Company") today announced that it will issue third quarter 2023 results after the U.S. markets close on Tuesday, October 31, 2023.  A conference call will be held the following day on Wednesday, November 1, 2023 at 9:30 a.m.

NEWPARK RESOURCES ANNOUNCES THIRD QUARTER 2023 RESULTS CONFERENCE CALL AND WEBCAST DATE

Newpark's stock has doubled since May and is drawing the attention of fund investors. The company's Fluids business may be divested, leading to a cash infusion and a shift in perception from an OFS company to a rental service company. Newpark's Industrial Solutions segment has shown strong growth and profitability, with record revenue and improved margins in the second quarter.

Newpark Resources: Speculative Buy With Multiple Expansion Potential

THE WOODLANDS, Texas , Aug. 1, 2023 /PRNewswire/ -- Newpark Resources, Inc. (NYSE: NR) ("Newpark" or the "Company") today announced results for the second quarter ended June 30, 2023.  SECOND QUARTER 2023 RESULTS (all comparisons versus the prior year period unless otherwise noted) Industrial Solutions segment revenue of $48.1 million, -2%; year-to-date $103.9 million, +23% Fluid Systems segment revenue of $135.2 million, -7%; year-to-date $279.4 million, -2% Net Income of $1.7 million, or $0.02 per diluted share Adjusted Net Income of $6.8 million, or $0.08 per diluted share Adjusted EBITDA of $19.8 million, +49% Adjusted EBITDA margin of 10.8%, +400 basis points Total Debt of $98 million, Net Debt of $76 million and Net Leverage of 0.9x as of June 30, 2023 Repurchased $5 million of common equity under our share repurchase authorization; a total of $20 million repurchased year-to-date MANAGEMENT COMMENTARY "Through the first half of the year, our team demonstrated meaningful progress delivering on our commercial growth, operational excellence and capital allocation priorities, while continuing to scale an Industrial Solutions platform equipped to drive long-term value creation for our shareholders," stated Matthew Lanigan, President and Chief Executive Officer of Newpark Resources.

NEWPARK RESOURCES REPORTS SECOND QUARTER 2023 RESULTS

THE WOODLANDS, Texas , July 19, 2023 /PRNewswire/ -- Newpark Resources, Inc. (NYSE: NR) ("Newpark" or the "Company"), today announced that it will release second quarter 2023 results after the U.S. markets close on Tuesday, August 1, 2023. A conference call will be held the following day on Wednesday, August 2, 2023 at 9:30 a.m.

NEWPARK RESOURCES ANNOUNCES SECOND QUARTER 2023 RESULTS CONFERENCE CALL AND WEBCAST DATE

Company exploring alternatives for Fluids Systems division THE WOODLANDS, Texas , June 20, 2023 /PRNewswire/ -- Newpark Resources, Inc. (NYSE: NR) ("Newpark" or the "Company") today announced that it is exploring strategic alternatives for the long-term positioning of its Fluids Systems division. Matthew Lanigan, Newpark's President and Chief Executive Officer, stated, "Over the past year, we've taken meaningful steps to position our operating divisions to independently thrive in the distinct markets they serve.

NEWPARK RESOURCES PROVIDES STRATEGIC PORTFOLIO UPDATE

THE WOODLANDS, Texas , June 8, 2023 /PRNewswire/ -- Newpark Resources, Inc. (NYSE: NR) announced today that its senior management will participate in the following investor conferences: Sidoti Small Cap Conference (June 14-15) – Senior management will present on June 14 th at 2:30 pm Eastern. The link to the live Sidoti presentation will be available at: https://investor.newpark.com/events/event-details/sidoti-small-cap-conference JP Morgan Energy, Power and Renewables Conference – New York (June 21) The Company's investor presentation is available on the Newpark website at: https://investor.newpark.com/financial-information Newpark Resources, Inc. is a geographically diversified supplier providing environmentally-sensitive products, as well as specialty rentals and services to a variety of industries, including oil and gas exploration, electrical transmission & distribution, pipeline, renewable energy, petrochemical, construction, and other industries.

NEWPARK RESOURCES ANNOUNCES JUNE 2023 INVESTOR CONFERENCE SCHEDULE

Newpark Resources, Inc. is in the final stages of restructuring throes and is emerging as a capital-light OFS company and a strong player in Industrial Mats. Mats is the future of the company, as it brings higher margins, but OFS revenues still carry Newpark Resources. We rate Newpark Resources, Inc. stock a hold due to the current decline in the OFS sector.

Newpark Resources: Market Softness Leads To Rating Downgrade (Hold)

Newpark Resources, Inc. (NYSE:NR ) Q1 2023 Earnings Conference Call May 3, 2023 8:00 AM ET Company Participants Ken Dennard - Dennard Lascar, IR Matthew Lanigan - President and CEO Gregg Piontek - CFO Conference Call Participants Bill Dezellem - Tieton Capital Operator Greetings, and welcome to the Newpark Resources First Quarter 2023 Earnings Conference Call [Operator Instructions]. And as a reminder, this conference is being recorded.

Newpark Resources, Inc. (NR) Q1 2023 Earnings Call Transcript

Company reports net income of $0.06 per diluted share; Adjusted Net Income of $0.09 per diluted share Cash flow from operating activities of $29 million; Free Cash Flow of $23 million Industrial Solutions revenues increased 58% year-over-year THE WOODLANDS, Texas , May 2, 2023 /PRNewswire/ -- Newpark Resources, Inc. (NYSE: NR) ("Newpark" or the "Company") today announced results for its first quarter ended March 31, 2023. Total revenues for the first quarter of 2023 were $200.0 million compared to $225.2 million for the fourth quarter of 2022 and $176.4 million for the first quarter of 2022.

NEWPARK RESOURCES REPORTS FIRST QUARTER 2023 RESULTS

THE WOODLANDS, Texas , April 3, 2023 /PRNewswire/ -- Newpark Resources, Inc. (NYSE: NR) announced today that it will release its first quarter 2023 results on Tuesday, May 2, 2023 after the market closes.  In conjunction with the release, the Company has scheduled a conference call, which will be broadcast live over the Internet, on Wednesday, May 3, 2023 at 9:30 a.m.

NEWPARK RESOURCES ANNOUNCES FIRST QUARTER 2023 EARNINGS RELEASE AND CONFERENCE CALL SCHEDULE

Newpark Resources, Inc. (NYSE:NR ) Q4 2022 Earnings Conference Call February 17, 2023 9:30 AM ET Company Participants Matthew Lanigan - President and CEO Gregg Piontek - CFO Ken Dennard - Dennard Lascar, IR Conference Call Participants Bill Dezellem - Tieton Capital Management Operator Greetings. Welcome to Newpark Resources fourth quarter and full-year 2022 earnings conference call.

Newpark Resources, Inc. (NR) Q4 2022 Earnings Call Transcript

Company reports revenues of $225 million, net income of $0.10 per diluted share  and Adjusted Net Income of $0.07 per diluted share THE WOODLANDS, Texas , Feb. 16, 2023 /PRNewswire/ -- Newpark Resources, Inc. (NYSE: NR) ("Newpark" or the "Company") today announced results for its fourth quarter ended December 31, 2022. Total revenues for the fourth quarter of 2022 were $225.2 million compared to $219.9 million for the third quarter of 2022 and $179.6 million for the fourth quarter of 2021.

News for Newpark Resources Stock (NR)