Summary
7.68 0.12(1.59%)05/15/2024
Newpark Resources, Inc. (NR)
Newpark Resources, Inc. (NR)
Key Facts
| 1 Day | 1 Week | 1 Month | 3 Months | 6 Months | 1 Year | 5 Years | All Time |
| 2.93 | 6.20 | -2.38 | 21.62 | 6.04 | 90.44 | -1.60 | 438.33 |
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| Trading Data | ||
| Close | 7.37 | |
| Open | 7.19 | |
| High | 7.51 | |
| Low | 7.19 | |
| Volume | 498,031 | |
| Change | 0.21 | |
| Change % | 2.93 | |
| Avg Volume (20 Days) | 435,853 | |
| Volume/Avg Volume (20 Days) Ratio | 1.14 | |
| 52 Week Range | 3.40 - 7.84 | |
| Price vs 52 Week High | -5.99% | |
| Price vs 52 Week Low | 116.76% | |
| Range | 2.50 | |
| Gap Up/Down | -0.35 | |
Fundamentals | ||
| Market Capitalization (Mln) | 654 | |
| EBIDTA | 70,929,000 | |
| PE Ratio | 42.0556 | |
| PEG Ratio | 1.8200 | |
| WallStreet Target Price | 11.25 | |
| Book Value | 4.9480 | |
| Earnings Per Share | 0.1800 | |
| EPS Estimate Current Quarter | 0.0500 | |
| EPS Estimate Next Quarter | 0.0700 | |
| EPS Estimate Current Year | 0.3600 | |
| EPS Estimate Next Year | 0.4300 | |
| Diluted EPS (TTM) | 0.1800 | |
| Revenues | ||
| Profit Marging | 0.0225 | |
| Operating Marging (TTM) | 0.0795 | |
| Return on asset (TTM) | 0.0378 | |
| Return on equity (TTM) | 0.0386 | |
| Revenue TTM | 718,676,992 | |
| Revenue per share TTM | 8.4050 | |
| Quarterly Revenue Growth (YOY) | -0.1550 | |
| Quarterly Earnings Growth (YOY) | 0.3330 | |
| Gross Profit (TTM) | 113,580,000 | |
| Dividends | ||
| Dividend Share | 0.0000 | |
| Dividend Yield | ||
| Valuations | ||
| Trailing PE | 42.0556 | |
| Forward PE | 25.5754 | |
| Price Sales (TTM) | 0.0000 | |
| Price Book (MRQ) | 1.5220 | |
| Revenue Enterprise Value | 0.9152 | |
| EBITDA Enterprise Value | 10.5977 | |
| Shares | ||
| Shares Outstanding | 85,201,600 | |
| Shares Float | 71,071,810 | |
| Shares Short | 0 | |
| Shares Short (Prior Month) | 0 | |
| Shares Ratio | 0.00 | |
| Short Outstanding (%) | 0.00 | |
| Short Float (%) | 0.01 | |
| Insider (%) | 8.34 | |
| Institutions (%) | 83.07 | |
05/15 09:50 EST - zacks.com
Here Is Why Bargain Hunters Would Love Fast-paced Mover Newpark (NR)
Newpark (NR) made it through our 'Fast-Paced Momentum at a Bargain' screen and could be a great choice for investors looking for stocks that have gained strong momentum recently but are still trading at reasonable prices.
Here Is Why Bargain Hunters Would Love Fast-paced Mover Newpark (NR)
Newpark (NR) made it through our 'Fast-Paced Momentum at a Bargain' screen and could be a great choice for investors looking for stocks that have gained strong momentum recently but are still trading at reasonable prices.
05/13 10:55 EST - zacks.com
Wall Street Analysts Predict a 45.31% Upside in Newpark (NR): Here's What You Should Know
The average of price targets set by Wall Street analysts indicates a potential upside of 45.3% in Newpark (NR). While the effectiveness of this highly sought-after metric is questionable, the positive trend in earnings estimate revisions might translate into an upside in the stock.
Wall Street Analysts Predict a 45.31% Upside in Newpark (NR): Here's What You Should Know
The average of price targets set by Wall Street analysts indicates a potential upside of 45.3% in Newpark (NR). While the effectiveness of this highly sought-after metric is questionable, the positive trend in earnings estimate revisions might translate into an upside in the stock.
05/13 09:55 EST - zacks.com
Recent Price Trend in Newpark (NR) is Your Friend, Here's Why
Newpark (NR) could be a great choice for investors looking to make a profit from fundamentally strong stocks that are currently on the move. It is one of the several stocks that made it through our "Recent Price Strength" screen.
Recent Price Trend in Newpark (NR) is Your Friend, Here's Why
Newpark (NR) could be a great choice for investors looking to make a profit from fundamentally strong stocks that are currently on the move. It is one of the several stocks that made it through our "Recent Price Strength" screen.
05/07 13:01 EST - zacks.com
What Makes Newpark (NR) a New Buy Stock
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 (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.
05/02 19:06 EST - zacks.com
Newpark Resources (NR) Q1 Earnings Surpass Estimates
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
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.
05/02 16:15 EST - prnewswire.com
NEWPARK RESOURCES REPORTS FIRST QUARTER 2024 RESULTS
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
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.
04/25 11:06 EST - zacks.com
Newpark Resources (NR) Expected to Beat Earnings Estimates: Can the Stock Move Higher?
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?
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.
04/18 16:15 EST - prnewswire.com
NEWPARK RESOURCES ANNOUNCES FIRST QUARTER 2024 RESULTS CONFERENCE CALL AND WEBCAST DATE
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
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.
02/21 16:15 EST - prnewswire.com
NEWPARK RESOURCES REPORTS FOURTH QUARTER AND FULL YEAR 2023 RESULTS
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. 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.
02/01 16:15 EST - prnewswire.com
NEWPARK RESOURCES ANNOUNCES FOURTH QUARTER AND FULL-YEAR 2023 RESULTS CONFERENCE CALL AND WEBCAST DATE
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 , 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.
11/09 08:00 EST - prnewswire.com
NEWPARK RESOURCES TO ATTEND THE 14TH ANNUAL CRAIG-HALLUM ALPHA SELECT CONFERENCE
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
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.
10/31 16:15 EST - prnewswire.com
NEWPARK RESOURCES REPORTS THIRD QUARTER 2023 RESULTS
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. 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.
10/18 08:00 EST - prnewswire.com
NEWPARK RESOURCES ANNOUNCES THIRD QUARTER 2023 RESULTS CONFERENCE CALL AND WEBCAST DATE
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
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.
08/01 16:15 EST - prnewswire.com
NEWPARK RESOURCES REPORTS SECOND QUARTER 2023 RESULTS
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 , 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.
07/19 16:16 EST - prnewswire.com
NEWPARK RESOURCES ANNOUNCES SECOND QUARTER 2023 RESULTS CONFERENCE CALL AND WEBCAST DATE
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
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.
06/03 08:00 EST - seekingalpha.com
Newpark Resources: Market Softness Leads To Rating Downgrade (Hold)
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. 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.
02/17 13:31 EST - seekingalpha.com
Newpark Resources, Inc. (NR) Q4 2022 Earnings Call Transcript
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
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.
01/17 16:15 EST - prnewswire.com
NEWPARK RESOURCES ANNOUNCES FOURTH QUARTER 2022 EARNINGS RELEASE AND CONFERENCE CALL SCHEDULE
THE WOODLANDS, Texas , Jan. 17, 2023 /PRNewswire/ -- Newpark Resources, Inc. (NYSE: NR) announced today that it will release its fourth quarter 2022 results on Thursday, February 16, 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 Friday, February 17, 2023 at 9:30 a.m.
NEWPARK RESOURCES ANNOUNCES FOURTH QUARTER 2022 EARNINGS RELEASE AND CONFERENCE CALL SCHEDULE
THE WOODLANDS, Texas , Jan. 17, 2023 /PRNewswire/ -- Newpark Resources, Inc. (NYSE: NR) announced today that it will release its fourth quarter 2022 results on Thursday, February 16, 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 Friday, February 17, 2023 at 9:30 a.m.
11/05 12:18 EST - seekingalpha.com
Newpark Resources, Inc. (NR) Q3 2022 Earnings Call Transcript
Newpark Resources, Inc. (NYSE:NR ) Q3 2022 Earnings Conference Call November 2, 2022 9:30 AM ET Company Participants Ken Dennard - Dennard Lascar IR Matthew Lanigan - President and CEO Gregg Piontek - CFO Conference Call Participants William Dezellem - Tieton Capital Management Operator Good morning, ladies and gentlemen, and welcome to the Newpark Resources Third Quarter 2022 Conference Call. [Operator Instructions] And with that, I will now turn the program over to your host, Ken Dennard.
Newpark Resources, Inc. (NR) Q3 2022 Earnings Call Transcript
Newpark Resources, Inc. (NYSE:NR ) Q3 2022 Earnings Conference Call November 2, 2022 9:30 AM ET Company Participants Ken Dennard - Dennard Lascar IR Matthew Lanigan - President and CEO Gregg Piontek - CFO Conference Call Participants William Dezellem - Tieton Capital Management Operator Good morning, ladies and gentlemen, and welcome to the Newpark Resources Third Quarter 2022 Conference Call. [Operator Instructions] And with that, I will now turn the program over to your host, Ken Dennard.
10/27 12:17 EST - investorplace.com
Ranking the Top 7 Oil Stocks to Buy From Best to Worst
With a myriad of upside catalysts available for the hydrocarbon sector, investors have every incentive to consider the top oil stocks to buy. However, not all energy players are the same.
Ranking the Top 7 Oil Stocks to Buy From Best to Worst
With a myriad of upside catalysts available for the hydrocarbon sector, investors have every incentive to consider the top oil stocks to buy. However, not all energy players are the same.