secwatch.observer — SEC 8-K summary
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Issuer:     NPK International Inc. (NPKI)
CIK:        0000071829
Form:       8-K
Filed at:   2023-02-16T23:59:59+00:00
Accession:  0000071829-23-000011
Event type: earnings
Sentiment:  positive
Materiality: 0.75
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/71829/000007182923000011/0000071829-23-000011-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/71829/000007182923000011/nr-20230216.htm
  HTML page:      https://secwatch.observer/filing/0000071829-23-000011

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