earnings
confidence high
sentiment positive
materiality 0.75
Newpark Q3 net income $7.7M vs loss prior yr; Industrial Solutions revenue up 12%
NPK International Inc.
2023-Q3 EPS reported
$0.17
revenue$161,193,000
- Net income $7.7M ($0.09 diluted) vs net loss $24.6M in Q3 2022.
- Revenue $198.5M (-10% YoY); Fluids Systems fell 16% to $141.2M.
- Adjusted EBITDA $22.3M (11.2% margin, +230 bps); Free Cash Flow $22.9M.
- Fluids Systems strategic sale process launched in September; strong interest noted.
- Repurchased $6M shares in Q3 ($26M YTD); Net Debt $59M (0.7x leverage).