secwatch.observer — SEC 8-K summary
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Issuer:     NPK International Inc. (NPKI)
CIK:        0000071829
Form:       8-K
Filed at:   2023-05-02T23:59:59+00:00
Accession:  0000071829-23-000039
Event type: earnings
Sentiment:  positive
Materiality: 0.75
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/71829/000007182923000039/0000071829-23-000039-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/71829/000007182923000039/nr-20230502.htm
  HTML page:      https://secwatch.observer/filing/0000071829-23-000039

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer