Newpark Q4 rev $167.8M, adj EPS $0.04; FY adj EBITDA $80.1M (+21%); guides IS rev $230-240M
NPK International Inc.
- Q4 revenue $167.8M, net loss $0.5M ($0.01/sh) vs prior year net income $9.0M.
- Full-year adj net income $27.8M ($0.31/diluted), up 135% YoY; adj EBITDA $80.1M (+21%).
- Industrial Solutions FY rev $207.6M (+8%), adj EBITDA margin 35.8% (+170bps).
- Fluids Systems strategic review ongoing, expected to conclude mid-2024; new $50M repurchase authorization.
- 2024 guidance: Industrial Solutions rev $230-240M, adj EBITDA $80-85M.