secwatch.observer — SEC 8-K summary
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Issuer:     NPK International Inc. (NPKI)
CIK:        0000071829
Form:       8-K
Filed at:   2024-05-02T23:59:59+00:00
Accession:  0000071829-24-000034
Event type: earnings
Sentiment:  positive
Materiality: 0.65
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/71829/000007182924000034/0000071829-24-000034-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/71829/000007182924000034/nr-20240502.htm
  HTML page:      https://secwatch.observer/filing/0000071829-24-000034

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