Newpark Q2 net income $1.7M vs loss; Adj EBITDA $19.8M, +49% YoY

NPK International Inc.

2023-Q2 EPS reported $0.08 revenue$383,286,000

Revenue $183.3M (-6% YoY); Industrial Solutions $48.1M (-2%), Fluid Systems $135.2M (-7%).
Net income $1.7M ($0.02 diluted) vs net loss $7.8M prior year; Adj net income $6.8M ($0.08).
Adjusted EBITDA $19.8M (10.8% margin, +400bps); Industrial Solutions segment margin 37.7% (+660bps).
Formal strategic review of Fluids Systems segment announced in June 2023; exploring exit possibilities.
Repurchased $5M in Q2 ($20M YTD); net leverage 0.9x, cash $22M, $30M remaining authorization.

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 three and six months ended June 30, 2023 results: revenue $48.1 million, net income Net Income of $1.7 million , or $0.02 per diluted share, EPS $0.02 per diluted share.

Period: three and six months ended June 30, 2023
Revenue: $48.1 million
Net income: Net Income of $1.7 million , or $0.02 per diluted share
EPS: $0.02 per diluted share
Result: reported results

Exact text from the filing

second quarter ended June 30, 2023. SECOND QUARTER 2023 RESULTS (all comparisons versus the prior year period unless otherwise noted) • Industrial Solutions segment revenue of $48.1 million , -2%; year-to-date $103.9 million, +23% • Fluid Systems segment revenue of $135.2 million , -7%; year-to-date $279.4 million, -2% • Net Income of $1.7 million , or $0.02 per

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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 0000071829-23-000122

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