secwatch.observer — SEC 8-K summary
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Issuer:     NPK International Inc. (NPKI)
CIK:        0000071829
Form:       8-K
Filed at:   2023-10-31T23:59:59+00:00
Accession:  0000071829-23-000140
Event type: earnings
Sentiment:  positive
Materiality: 0.75
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Newpark Q3 net income $7.7M vs loss prior yr; Industrial Solutions revenue up 12%
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- 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).

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/71829/000007182923000140/0000071829-23-000140-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/71829/000007182923000140/nr-20231031.htm
  HTML page:      https://secwatch.observer/filing/0000071829-23-000140

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