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Newpark Rsc - NR STOCK NEWS

Welcome to our dedicated page for Newpark Rsc news (Ticker: NR), a resource for investors and traders seeking the latest updates and insights on Newpark Rsc stock.

Newpark Resources, Inc. (NYSE: NR) provides essential oilfield services through its specialized drilling fluids and industrial site solutions. This news hub offers investors and industry professionals direct access to official updates about operational developments, financial disclosures, and strategic initiatives.

Discover comprehensive coverage of NR's activities including earnings reports, technology innovations in fluid systems, and progress within renewable energy partnerships. Our curated collection ensures you stay informed about safety advancements like the Dura-Base™ mat system deployments and regulatory compliance achievements.

Key updates span drilling fluid formulations for complex well projects, infrastructure contracts for energy transition projects, and sustainability initiatives. Bookmark this page for real-time access to SEC filings, executive commentary, and market positioning updates from North America's third-largest drilling fluids provider.

Rhea-AI Summary
Newpark Resources, Inc. (NR) reported mixed financial results for the fourth quarter and full year 2023. While Industrial Solutions segment revenue increased, Fluids Systems segment revenue declined. The company saw a net loss in the fourth quarter but reported adjusted net income growth for the full year. Newpark focused on business transformation strategies to drive growth and profitability. The company also announced a new $50 million share repurchase authorization.
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Newpark Resources, Inc. (NYSE: NR) will release its fourth quarter and full-year 2023 results on February 21, 2024, followed by a conference call on February 22, 2024. The webcast and presentation materials will be available on the Company's Investor Relations website. Individuals can also participate via teleconference dial-in. Replay of the teleconference will be available through February 29, 2024.
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Newpark Resources, Inc. (NYSE: NR) to attend 14th Annual Craig-Hallum Alpha Select Conference in New York City. Senior management will participate in one-on-one meetings with investors. Contact Craig-Hallum for more information.
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Newpark Resources, Inc. (NYSE: NR) announced its third-quarter 2023 results. The Industrial Solutions segment saw a revenue increase of 12% to $57.3 million, while the Fluids Systems segment experienced a revenue decrease of 16% to $141.2 million. Net income was $7.7 million, with adjusted net income of $8.4 million, a 59% increase. Adjusted EBITDA was $22.3 million, up 13%. Total debt was $86 million, with net debt at $59 million and net leverage at 0.7x.
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Newpark Resources to release third quarter 2023 results and hold conference call
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Newpark Resources, Inc. is exploring strategic alternatives for its Fluids Systems division. The company aims to strengthen the division's competitive positioning and unlock value for shareholders. They have retained Lazard as their financial advisor for the strategic review.
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Newpark Rsc

NYSE:NR

NR Rankings

NR Stock Data

627.11M
78.30M
9.17%
88.1%
1.37%
Oil & Gas Equipment & Services
Oil & Gas Field Machinery & Equipment
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United States
THE WOODLANDS