secwatch.observer — SEC 8-K summary
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Issuer:     NPK International Inc. (NPKI)
CIK:        0000071829
Form:       8-K
Filed at:   2024-11-07T23:59:59+00:00
Accession:  0000071829-24-000111
Event type: earnings
Sentiment:  negative
Materiality: 0.70
Item codes: 2.02, 8.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Newpark Q3 revenue $44.2M, down 23%; completes Fluids sale, reports ransomware incident
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- Revenue $44.2M, operating income $1.2M; GAAP diluted EPS $0.17 from continuing ops (includes $14.6M tax benefit).
- Industrial Solutions segment revenue $44.2M, operating income $7.3M (down from $14.3M), due to customer shifts, weather, maintenance.
- Completed sale of Fluids Systems for $70M cash; now pure-play site access solutions; cash $43M, debt $14M.
- Detected ransomware incident Oct 29; disruptions but operations continued; believes not materially impactful.
- October rental volume set new monthly record; expects meaningful Q4 revenue improvement.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/71829/000007182924000111/0000071829-24-000111-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/71829/000007182924000111/nr-20241029.htm
  HTML page:      https://secwatch.observer/filing/0000071829-24-000111

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