Newpark Q1 net income up 30% to $7.3M; margins expand 210bps; Fluids strategic review on track

NPK International Inc.

2024-Q1 EPS reported $0.08 revenue$169,107,000

Net income of $7.3M ($0.08 diluted EPS) vs $5.6M prior year; Adjusted net income of $8.9M ($0.10 diluted EPS).
Revenue $169.1M, down 15% YoY from $200.0M; Adjusted EBITDA $21.3M, up 1% with margin of 12.6% (+210 bps).
Industrial Solutions segment EBITDA margin improved 150 bps to 36.8%; rental volumes hit record levels entering Q2.
Fluids Systems strategic review remains active, anticipated substantially complete by mid-2024.
Total cash $38M; Net Debt $40M (0.5x trailing EBITDA); available liquidity $58M under ABL facility.

This headline and bullets were generated automatically by deepseek-v4-flash:cloud@v2 from the public filing. Read the source on SEC.gov before relying on any specific claim. Not investment advice. See methodology for how this pipeline works.