---
schema_version: "secwatch.filing_event.v1"
accession: "0000071829-22-000166"
form_type: "8-K"
ticker: "NPKI"
cik: "0000071829"
company_name: "NPK International Inc."
filed_at: "2022-11-01T23:59:59+00:00"
generated_at: "2026-06-22T19:55:03.704414+00:00"
event_type: "earnings"
sentiment: "neutral"
materiality_score: 0.8
calibrated_materiality_score: 0.8
confidence: "high"
source: SEC EDGAR
---

# Newpark Resources Q3 2022: Revenue $219.9M, net loss $0.26/sh; announces divestitures for ~$96M cash

## Summary
- Q3 revenue $219.9M (+13% QoQ); net loss $24.6M ($0.26/sh) including $29.9M pre-tax impairment charges.
- Adjusted net income $5.2M ($0.06/sh); Industrial Solutions revenue $51.2M (+5% QoQ), Fluids Systems revenue $168.6M (+16% QoQ).
- Excalibar U.S. mineral grinding sale expected to generate ~$66M cash; Gulf of Mexico exit transactions expected to generate ~$30M cash.
- Company expects to use proceeds for debt reduction, investments, and share repurchases; all transactions to close in Q4 2022.
- Gulf of Mexico exit includes $29.4M impairment; Fluids Systems segment operating loss of $24.2M for Q3.

## SEC filing metadata
- accession: 0000071829-22-000166
- form_type: 8-K
- ticker: NPKI
- cik: 0000071829
- company_name: NPK International Inc.
- filed_at: 2022-11-01T23:59:59+00:00
- event_type: earnings
- sentiment: neutral
- materiality_score: 0.8
- calibrated_materiality_score: 0.8
- confidence: high
- sec_items: 2.02, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/71829/000007182922000166/0000071829-22-000166-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/71829/000007182922000166/nr-20221101.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0000071829-22-000166
- JSON: https://secwatch.observer/filing/0000071829-22-000166.json
- Plain text: https://secwatch.observer/filing/0000071829-22-000166.txt

## Key facts
- Earnings Releases
  NPK International Inc. reported third quarter ended September 30, 2022 results: revenue $219.9 million, net income $24.6 million, EPS ($0.26) per share.
  - Period: third quarter ended September 30, 2022
  - Revenue: $219.9 million
  - Net income: $24.6 million
  - EPS: ($0.26) per share
  - Result: reported results
  source text: Total revenues for the third quarter of 2022 were $219.9 million compared to $194.1 million for the second quarter of 2022 and $151.8 million for the third quarter of 2021. Net loss for the third quarter of 2022 was $24.6 million, or ($0.26) per share
  evidence_url: https://www.sec.gov/Archives/edgar/data/71829/000007182922000166/0000071829-22-000166-index.htm

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.