Newpark Q4 revenue $225M, EPS $0.10, completes strategic divestitures, reduces debt $47M

NPK International Inc.

2022-FY EPS reported -$0.22 revenue$815,594,000

Q4 2022 revenue $225.2M, up 25% YoY; net income $9.0M ($0.10 diluted) vs net loss $3.7M a year ago.
Adjusted EPS $0.07, up 27% sequentially; Adjusted EBITDA $21.5M, up 9% sequentially.
Industrial Solutions revenue $57.5M (+12% QoQ), operating income $17.8M; utilities end-market record $43M.
Fluids Systems ongoing ops revenue $148M (+4% QoQ), operating income $7.7M; divested ops contributed $20M.
Generated ~$80M cash in Q4 from divestitures; reduced debt $47M; repurchased 5% of shares for $18M.

item 2.02 item 9.01

Key facts

Extracted from this filing and checked against the source text.

Earnings Releases SEC 8-K Item 2.02 confidence 0.9

NPK International Inc. reported the fourth quarter ended December 31, 2022 results: revenue $225.2 million, net income $9.0 million, or $0.10 per diluted share, EPS $0.10 per diluted share.

Period: the fourth quarter ended December 31, 2022
Revenue: $225.2 million
Net income: $9.0 million, or $0.10 per diluted share
EPS: $0.10 per diluted share
Result: reported results

Exact text from the filing

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

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NPK International Inc. filing history →

Source: SEC EDGAR

accession 0000071829-23-000011

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