Newpark Q1 net income $0.06/diluted sh; adj EPS $0.09; Industrial Solutions rev +58% YoY

NPK International Inc.

2023-Q1 EPS reported $0.06 revenue$200,030,000

Total revenues $200.0M vs $176.4M in Q1 2022 (+13%); net income $5.6M vs $2.5M.
Adjusted Net Income $0.09/diluted share; Adjusted EBITDA $21.0M vs $11.7M prior-year.
Industrial Solutions segment posted record Q1 revenue of $55.9M (+58% YoY) with operating income $14.5M.
Repurchased ~4% of shares for $15M; expects $6M annualized cost savings from restructuring.

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 0.95

NPK International Inc. reported first quarter ended March 31, 2023 results: revenue $200.0 million, net income $5.6 million, EPS $0.06 per diluted share.

Period: first quarter ended March 31, 2023
Revenue: $200.0 million
Net income: $5.6 million
EPS: $0.06 per diluted share
Result: reported results

Exact text from the filing

Total revenues for the first quarter of 2023 were $200.0 million compared to $225.2 million for the fourth quarter of 2022 and $176.4 million for the first quarter of 2022. Net income for the first quarter of 2023 was $5.6 million, or $0.06 per diluted share.

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9 earnings releases filed in the last 30 days. Browse all earnings releases →

NPK International Inc. filing history →

Source: SEC EDGAR

accession 0000071829-23-000039

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