Welcome to our dedicated page for Newpark Resources news (Ticker: NR), a resource for investors and traders seeking the latest updates and insights on Newpark Resources stock.
Newpark Resources, Inc. (NYSE: NR) is a diversified company with a strong presence in the oilfield services sector, focused on two primary business segments: Industrial Solutions and Fluids Systems. Founded in 1932 and headquartered in The Woodlands, TX, Newpark has evolved to provide environmentally sensitive products, specialty rentals, and services across multiple industries including oil and gas exploration, electrical transmission and distribution, pipeline, renewable energy, petrochemical, and construction.
The Industrial Solutions segment is well-known for its site and access infrastructure services, offering products like the DURA-BASE™ composite mat system. This segment has shown robust performance, marked by significant revenue and adjusted EBITDA growth, benefiting from a favorable market for utility and infrastructure projects. Newpark continues to expand its rental fleet to meet the increasing demand for worksite access solutions.
Within the Fluids Systems segment, Newpark provides drilling, completion, and stimulation fluids products and related technical services, primarily to the oil, natural gas, and geothermal sectors. Despite challenges such as divestitures and market fluctuations, this segment has demonstrated resilience with strong international performance, especially in the Eastern Hemisphere and Canada.
Financially, Newpark has maintained a conservative balance sheet with a focus on reducing debt and enhancing liquidity. As of the latest reports, the company has made significant strides in free cash flow generation and net debt reduction. The company is also undergoing a strategic review of its Fluids Systems division, with plans to focus on its high-growth, high-margin Industrial Solutions segment.
Recent achievements include record quarterly revenues in the Industrial Solutions segment, improved operating margins, and substantial free cash flow generation. The company is well-positioned to capitalize on future growth opportunities with a strategic emphasis on operational excellence, asset optimization, and high-return capital investments.
Newpark's commitment to sustainability and innovation continues to drive its strategic initiatives, making it a leading provider of specialty rental and site access solutions globally.
Newpark Resources, Inc. (NYSE: NR) will release its third quarter 2021 results on November 2, 2021, after market close. A conference call to discuss the earnings will be held on November 3, 2021, at 10:00 a.m. Eastern / 9:00 a.m. Central, available via phone and online. A replay of the call will be accessible through November 17, 2021. Newpark is a diversified supplier, serving industries like oil and gas, renewable energy, and construction.
Newpark Resources, Inc. (NYSE: NR) announced that Paul Howes, the current CEO, will retire on February 28, 2022. Matthew Lanigan, currently the President of Industrial Solutions, will be promoted to President and COO on September 1, 2021, and will succeed Howes as CEO. Lori Briggs will take over Lanigan's position as President of Industrial Solutions. The board expressed confidence in Lanigan's leadership and strategic vision, emphasizing his extensive experience and commitment to the company’s long-term goals.
Newpark Resources (NR) reported Q2 2021 revenues of $142.2 million, up slightly from Q1 2021's $141.2 million and significantly higher than $101.9 million in Q2 2020. The net loss slightly increased to $6.0 million or ($0.07) per share, compared to $5.4 million in Q1 2021. Revenue improvements were observed in the Fluids Systems segment, which generated $97.1 million, a growth from $87.8 million in Q1, while the Industrial Solutions segment saw a revenue decline of 15% sequentially to $45 million.
Newpark Resources, Inc. (NYSE: NR) will report its second quarter 2021 results on August 3, 2021, after market close. A conference call for investors is set for August 4, 2021, at 10:00 a.m. Eastern. Participants can join via phone at 412-902-0030 or online at www.newpark.com. The call's replay will be available until August 18, 2021, using 201-612-7415 and passcode 13720703#. Newpark serves various industries including oil and gas and renewable energy.
Newpark Resources (NR) reported first-quarter 2021 revenues of $141.2 million, a 9% increase from Q4 2020 but a decline from $164.6 million in Q1 2020. The net loss for Q1 2021 was $5.4 million, improved from a loss of $18.4 million in Q4 2020. The Industrial Solutions segment generated $53 million in revenues, 68% higher year-over-year, while Fluids Systems revenues were $87.8 million, reflecting seasonal gains. The company generated $28 million in cash from operations and reduced debt to $72 million. A conference call is scheduled for May 5, 2021, to discuss results.
Newpark Resources (NYSE: NR) will announce its first quarter 2021 results on May 4, 2021, after market close. A live conference call is scheduled for May 5, 2021, at 10:00 a.m. Eastern. Interested parties can access the call by dialing 412-902-0030 or online. A replay will be available until May 12, 2021. Newpark Resources provides products and services across various sectors, including oil and gas, renewable energy, and construction.
Newpark Resources reported fourth quarter 2020 revenues of $129.7 million, up from $96.4 million in Q3 2020 but down from $189.5 million in Q4 2019. The net loss narrowed to $18.4 million or ($0.20) per share, improving from a loss of $23.9 million in the previous quarter. The Fluids Systems segment generated revenues of $79 million, while the Industrial Solutions segment saw revenues of $50 million. The company achieved $15 million in cash from operations and reduced total debt by $73 million in 2020.
Newpark Resources (NYSE: NR) will release its fourth quarter 2020 results on February 11, 2021, after market close. A conference call is scheduled for February 12, 2021, at 10:00 a.m. Eastern. Investors can join via phone or online, with a replay available until February 26, 2021. Newpark provides diverse products and services for sectors including oil and gas, renewable energy, and construction. For more details, visit www.newpark.com.
Newpark Resources has appointed Michael A. Lewis to its board of directors, effective January 1, 2021. With over 34 years in electric operations, he currently serves as Interim President and Senior VP at PG&E, overseeing critical initiatives such as wildfire prevention and grid resilience. His extensive experience includes roles at Duke Energy. Lewis's appointment aligns with Newpark's strategic focus on growth in electrical utility and industrial markets, expected to enhance the company's sustainability efforts.
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