earnings
confidence high
sentiment positive
materiality 0.75
Newpark Resources Q2 adj. EBITDA +18% to $23.4M; Industrial Solutions revenue jumps 39% organically
NPK International Inc.
2024-Q2 EPS reported
$0.18
revenue$348,116,000
- GAAP net income $8.0M ($0.09 diluted EPS); adjusted net income $10.4M ($0.12 diluted EPS).
- Adjusted EBITDA $23.4M (+18% YoY), margin 13.1% (+230 bps); total revenue $179.0M (-2% YoY).
- Industrial Solutions revenue $66.8M (+39% organic); record product sales $30M; segment operating margin 29.0%.
- Fluids Systems revenue $112.2M (-17% YoY); international operations contributed 71% of segment revenue.
- Free cash flow $21.9M; net debt $23M, leverage 0.3x; Fluids Systems sale process expected to resolve in Q3.