Gulf of Mexico The Company has recently entered into two separate agreements, which effectively provide for the Company's exit from the Gulf of Mexico market. Disculpa Newpark Resources, Inc. is a worldwide provider of value-added drilling fluids systems and composite matting systems used in oilfield and other commercial markets. Temporary salary reductions are in place for a significant portion of US employees. NP has nothing but uneducated hypocritical buffoons running the company. Please enable Cookies and reload the page. The Industrial Solutions segments includes site and access solutions business along with industrial bending operations. All quotes delayed a minimum of 15 minutes. Newpark Resources, Inc. is a worldwide provider of value-added drilling fluids systems and composite matting systems used in oilfield and other commercial markets.Industry partners include American Petroleum Institute, Independent Petroleum Association of America - IPAA, US Chamber of Commerce et al. To help understand the Company's financial performance, the Company has supplemented its financial results that it provides in accordance with generally accepted accounting principles ("GAAP") with non-GAAP financial measures. STRATEGIC PLANNING INTERN (Former Employee) - Houston, TX - November 14, 2017. The Company ended the first quarter of 2020 with a cash balance of approximately $49 million and a total debt balance of approximately $163 million, which includes the remaining $85.5 million of convertible notes maturing in December 2021. Meanwhile, Newpark Drilling Fluids, a wholly owned subsidiary of Newpark Resources, recently expanded in Katy. It operates through the Fluids Systems and Industrial Solutions segments. View the job description, responsibilities and qualifications for this position. Prepaid expenses and other current assets, Common stock, $0.01 par value (200,000,000 shares authorized and 109,330,733 and 107,587,786 shares issued, respectively), Treasury stock, at cost (16,981,147 and 16,781,150 shares, respectively), Total liabilities and stockholders' equity, Condensed Consolidated Statements of Cash Flows. Newpark Resources, Inc. (NYSE:NR) released its quarterly earnings data on Tuesday, August, 3rd. CBS News Reports: "It's an entirely new type of weapon." These statements are not guarantees that our expectations will prove to be correct and involve a number of risks, uncertainties, and assumptions. See here for a complete list of exchanges and delays. Many factors, including those discussed more fully elsewhere in this release and in documents filed with the Securities and Exchange Commission by Newpark, particularly its Annual Report on Form 10-K for the year ended December 31, 2020, and its Quarterly Reports on Form 10-Q as well as others, could cause actual plans or results to differ materially from those expressed in, or implied by, these statements. The official website for the company is www.newpark.com. Fluids Systems operating loss for the three months ended September 30, 2021 included $4.0 million of charges primarily related to self-insured costs associated with Hurricane Ida damage to our Fourchon, Louisiana Fluids Systems operating base, facility exit, and severance costs. The Industrial Solutions segment delivered operating income of $10.0 million and EBITDA of $15.4 million for the third quarter of 2022.". Get a real-time Newpark Resources, Inc. (NR) stock price quote with breaking news, financials, statistics, charts and more. Glassdoor gives you an inside look at what it's like to work at Newpark Resources, including salaries, reviews, office photos, and more. Newpark undermines its ability to have "a credible environmental, social and governance story" by keeping the two segments together, Radoff wrote. View Newpark Resources' Short Interest. Adjusted net income for the third quarter of 2022 was $5.2 million, or $0.06 per diluted share. Regrettably, last year's performance caps off a bad run, with the shareholders facing a total loss of 34% per year over five years. A majority of Newpark's board members are oil and gas industry veterans. Ci Segment operating income was $0.9 million for the fourth quarter of 2021 compared to an operating loss of $6.6 million for the third quarter of 2021 and an operating loss of $20.1 million for the fourth quarter of 2020. Shares of NR stock can be purchased through any online brokerage account. Newpark is where you can challenge yourself in new and exciting ways and work in an environment that supports and values you. P/B Ratios below 1 indicate that a company could be undervalued with respect to its assets and liabilities. Check out the just announced salary cuts at OXY according to WS Journal, SLB announces they are cutting 2020 budget 30%. [BREAKING] New "Living Missile" to Replace Nuclear Missiles. We'd be pretty cautious about this one, although the sell-off may be too severe. Ajude-nos a manter o Glassdoor seguro confirmando que voc uma pessoa de This website may contain forward-looking statements within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended. Sign in to your free account to enjoy all that MarketBeat has to offer. Actions include: The implementation of workforce reductions, the suspension of the Company's matching contributions to its U.S. defined contribution plan, and temporary salary reductions effective April 1, 2020 for a significant portion of U.S. employees, including a 15% cut to the . The industry leader for online information for tax, accounting and finance professionals. contact@marketbeat.com He argues that the two segments lack synergies, appeal to different investor bases and boost excessive corporate costs. The Excalibar and Gulf of Mexico operations contributed a combined $26 million of revenues in the third quarter and incurred a $32 million operating loss, including a $29 million impairment charge. Newpark and its affiliates do not discriminate against applicants or employees on the basis of race, color, age, religion, sex (including pregnancy and gender identity), national origin, sexual . Build the strongest argument relying on authoritative content, attorney-editor expertise, and industry defining technology. He turned $50K into $5.3M! Newpark Resources saw a drop in short interest during the month of February. These forward-looking statements reflect the current views of the management of Newpark Resources, Inc.; however, various risks, uncertainties and contingencies could cause actual operating results to differ materially from those in the forward-looking statements. We really feel for shareholders in this scenario. Get short term trading ideas from the MarketBeat Idea Engine. Newpark Resources' stock was trading at $4.15 at the beginning of the year. real person. What is Newpark Resources' stock price today? Separately, the Company entered into an agreement in October 2022 with a leading global energy services provider, providing for a seven-year sublease of the Company's Fourchon, LA drilling fluids shorebase and blending facility. scusiamo se questo pu causarti degli inconvenienti. Also, an archive of the webcast will be available shortly after the call at www.newpark.comfor 90 days. Sie weiterhin diese Meldung erhalten, informieren Sie uns darber bitte per E-Mail Guess you will be able to buy nr @ the 99 cents store pretty soon. These measures should be considered in addition to, not as a substitute for, financial measures prepared in accordance with GAAP. Nonetheless, it's fair to say the rapidly declining share price (down 34%, compound, over five years) suggests the market is very disappointed with this level of growth. Wonder if any of the bod will do the right thing and resign next week. Biden To Unleash "Choke Point" Operation On America? Average salary for Newpark Resources Drilling Fluid Technician in Kiowa, CO: [salary]. Only 5.80% of the stock of Newpark Resources is held by insiders. 14% of Newpark employees are Black or African American. dvelopper et amliorer nos produits et services. Sign-up to receive the latest news and ratings for Newpark Resources and its competitors with MarketBeat's FREE daily newsletter. Onze Lamentamos Employees 1,565. Track A&D/M&A transactions by: buyer, seller, deal value, production, reserves, acreage, price per BOE, Access select maps from operator presentations for acreage, acquisitions, trends, and more, Track the latest well results and performance from operators in the Permian-basin, Track spending quarter by quarter as operators adjust spending throughout the year, Property Listings (Assets for sale by Operator, State, County, Region, Type), Still not sure? Dec 12, 2021 Newpark Resources (NR) is a company in turmoil. For more information, visit our website at www.newpark.com. Leveraging our deep expertise, innovative digital solutions and comprehensive drilling, drill-in, completion and stimulation fluids portfolio, our team can accurately model, simulate and adapt our fluids solutions to your . this can allow for the creation of focused businesses that yield significant long-term benefits for Newpark's shareholders, employees . Newpark Resources, Inc. (NYSE:NR) Q4 2022 Earnings Call Transcript February 17, 2023 Operator: Greetings. Minimum 15 minutes delayed. MINERAL GRINDING BUSINESS AND CONROE, TEXAS BLENDING FACILITY TRANSACTIONS, Donald Young Is The Independent Director of Newpark Resources, Inc. (NYSE:NR) And They Just Picked Up 14% More Shares, Newpark Resources Board Member Trades Company's Stock, Newpark Resources, Inc. (NR) Q3 2022 Earnings Call Transcript, Newpark Resources' (NYSE:NR) Returns On Capital Not Reflecting Well On The Business, NEWPARK RESOURCES REPORTS THIRD QUARTER 2022 RESULTS, Newpark Resources to sell U.S. minerals grinding business in $66M deal, NEWPARK RESOURCES ANNOUNCES DEFINITIVE AGREEMENT TO SELL ITS U.S. Compare your portfolio performance to leading indices and get personalized stock ideas based on your portfolio. We appreciate our employees and their achievements as we recognize they are integral to fully implementing our business strategy, directly translating to improving our long-term profitability and increasing shareholder value. Reported anonymously by Newpark Resources employees. To help understand the Company's financial performance, the Company has supplemented its financial results that it provides in accordance with generally accepted accounting principles ("GAAP") with non-GAAP financial measures. Dollar General Offers Great Prices, but the Stock isn't a Value, Jabil Inc.: Blue Chip Tech Stock Pulls Back To Buy Zone, The Big Banks Join Forces to Save First Republic Bank, Don't Miss Out: $2 Trillion Could be Headed to the Banking Sector, Buy THIS stock before Taiwan is attacked, Newpark Resources (NYSE:NR) Now Covered by Analysts at StockNews.com, Newpark Resources Full Year 2022 Earnings: US$0.23 loss per share (vs US$0.28 loss in FY 2021), Newpark Resources, Inc. (NYSE:NR) Q4 2022 Earnings Call Transcript, Q4 2022 Newpark Resources Inc Earnings Call, Newpark Resources Non-GAAP EPS of $0.07, revenue of $225M, NEWPARK RESOURCES REPORTS FOURTH QUARTER 2022 RESULTS, Newpark Resources: A Splash Of Cash And A Potential Catalyst, NEWPARK RESOURCES ANNOUNCES FOURTH QUARTER 2022 EARNINGS RELEASE AND CONFERENCE CALL SCHEDULE, NEWPARK RESOURCES ANNOUNCES COMPLETION OF GULF OF MEXICO TRANSACTIONS, NEWPARK RESOURCES ANNOUNCES RETIREMENT OF BOARD CHAIRMAN, NEWPARK RESOURCES ANNOUNCES CLOSING OF U.S. Popular online brokerages with access to the U.S. stock market include WeBull, Vanguard Brokerage Services, TD Ameritrade, E*TRADE, Robinhood, Fidelity, and Charles Schwab. The Fluids Systems segment generated revenues of $127.9 million for the fourth quarter of 2021 compared to $108.0 million for the third quarter of 2021 and $79.4 million for the fourth quarter of 2020. As previously disclosed, the Company initiated several strategic actions earlier this year, intended to enhance profitability and returns on invested capital. As part of this arrangement, substantially all Gulf of Mexico drilling fluids inventory will be sold to the lessee as consumed, or no later than nine-months from completion of the transaction. Should You Bring The Luck Of The Irish To Your Investmets? Reuters, the news and media division of Thomson Reuters, is the worlds largest multimedia news provider, reaching billions of people worldwide every day. Based on 1 salaries posted anonymously by Newpark Resources Indirect Tax Manager employees in Bay City, TX. The following tables reconcile the Company's net income (loss) or segment operating income (loss) calculated in accordance with GAAP to the non-GAAP financial measure of EBITDA: Newpark Resources, Inc.Non-GAAP Reconciliations (Continued)(Unaudited). Insiders that own company stock include Donald Win Young, Edward Chipman Earle, Gregg Piontek, John C Minge, Michael A Lewis and Paul L Howes. What is Paul L. Howes' approval rating as Newpark Resources' CEO? om ons te informeren over dit probleem. 1,540. Nonetheless, it's fair to say the rapidly declining share price (down 34%, compound, over five years) suggests the market is very disappointed with this level of growth. Information is provided 'as-is' and solely for informational purposes, not for trading purposes or advice, and is delayed. The Industrial Solutions segment generated revenues of $51.2 million for the third quarter of 2022 compared to $48.9 million for the second quarter of 2022 and $42.0 million for the third quarter of 2021. Image source: The Motley Fool. Such financial measures include earnings before interest, taxes, depreciation and amortization ("EBITDA"), EBITDA Margin, Free Cash Flow, Net Debt, and the Ratio of Net Debt to Capital. Employees 1,540 Related . It's a good reminder of the importance of diversification, and it's worth keeping in mind there's more to life than money, anyway. He just plugs away, executing what may be the most effective investment strategy on Earth. Newpark and its affiliates do not discriminate against applicants or employees on the basis of race, color, age, religion, sex (including pregnancy and gender identity), national origin, sexual . To get full access now. Newpark and its affiliates do not discriminate against applicants or employees on the basis of race, color, age, religion, sex (including pregnancy and gender identity), national origin, sexual . Brokerage account, an archive of the Irish to your Investmets Solutions segments latest news ratings... Np has nothing but uneducated hypocritical buffoons running the company investor bases and boost excessive costs! Adjusted net income for the third quarter of 2022 was $ 5.2 million, $! 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