Newpark completes Gulf of Mexico exit transactions; repurchases 4.4M shares in Q4

NPK International Inc.

Completed sale of completions fluids assets and 7-year sublease of Fourchon facility; received ~$6M in Q4, expects ~$25M from working capital wind-down.
Repurchased 4.4M shares (4.7% of outstanding) for $17.6M in Q4 under existing share repurchase program.
CEO: four divestitures should generate >$100M cash, including ~$80M in Q4, enabling debt reduction and shareholder returns.
Plans to accelerate growth in utilities sector and continue returning excess cash to shareholders via additional buybacks.

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