Newpark Resources Files 8-K on Financial Condition
Ticker: NPKI · Form: 8-K · Filed: Feb 21, 2024 · CIK: 71829
| Field | Detail |
|---|---|
| Company | Newpark Resources Inc (NPKI) |
| Form Type | 8-K |
| Filed Date | Feb 21, 2024 |
| Risk Level | low |
| Pages | 2 |
| Reading Time | 3 min |
| Key Dollar Amounts | $0.01 |
| Sentiment | neutral |
Sentiment: neutral
Topics: financial-condition, results-of-operations, 8-K
TL;DR
**Newpark Resources just dropped an 8-K on its financials, standard stuff for investors to check out.**
AI Summary
Newpark Resources, Inc. (NYSE: NR) filed an 8-K on February 21, 2024, reporting on its results of operations and financial condition. The filing, under SEC File Number 001-02960, indicates the company's business address is 9320 Lakeside Boulevard, Suite 100, The Woodlands, Texas 77381, and its phone number is (281) 362-6800. This report is a standard disclosure for public companies regarding their financial performance.
Why It Matters
This filing provides investors with an update on Newpark Resources' financial performance, which can influence stock valuation and future investment decisions. It ensures transparency in the company's operational results.
Risk Assessment
Risk Level: low — This 8-K is a routine disclosure of financial results and does not indicate any specific new risks or adverse events.
Key Numbers
- 001-02960 — SEC File Number (Identifies the company's filing with the SEC)
- 281-362-6800 — Business Phone (Contact number for Newpark Resources, Inc.)
- 20240221 — Filing Date (Date the 8-K was filed)
Key Players & Entities
- Newpark Resources, Inc. (company) — Registrant
- Delaware (company) — State of incorporation
- 001-02960 (dollar_amount) — Commission File Number
- 72-1123385 (dollar_amount) — I.R.S. Employer Identification No.
- February 21, 2024 (dollar_amount) — Date of earliest event reported
FAQ
What is the purpose of this 8-K filing by Newpark Resources, Inc.?
The 8-K filing by Newpark Resources, Inc. is to report on its results of operations and financial condition, as indicated by the 'ITEM INFORMATION: Results of Operations and Financial Condition' section.
What is the earliest event reported date in this filing?
The date of the earliest event reported in this filing is February 21, 2024.
Where is Newpark Resources, Inc.'s principal executive office located?
Newpark Resources, Inc.'s principal executive office is located at 9320 Lakeside Boulevard, Suite 100, The Woodlands, Texas 77381.
What is the Commission File Number for Newpark Resources, Inc.?
The Commission File Number for Newpark Resources, Inc. is 001-02960.
What is the Registrant's telephone number?
The Registrant's telephone number, including area code, is (281) 362-6800.
Filing Stats: 727 words · 3 min read · ~2 pages · Grade level 11.4 · Accepted 2024-02-21 16:28:18
Key Financial Figures
- $0.01 — ange on which registered Common Stock, $0.01 par value NR New York Stock Exchange
Filing Documents
- nr-20240221.htm (8-K) — 31KB
- a2023q48k-erex991.htm (EX-99.1) — 520KB
- newparklogo2023a.jpg (GRAPHIC) — 53KB
- nr-20240221_g1.jpg (GRAPHIC) — 53KB
- 0000071829-24-000003.txt ( ) — 889KB
- nr-20240221.xsd (EX-101.SCH) — 2KB
- nr-20240221_lab.xml (EX-101.LAB) — 25KB
- nr-20240221_pre.xml (EX-101.PRE) — 13KB
- nr-20240221_htm.xml (XML) — 3KB
02 Results of Operations and Financial Condition
Item 2.02 Results of Operations and Financial Condition. On February 21, 2024, Newpark Resources, Inc. (the "Company") issued a press release announcing financial information for the three months and twelve months ended December 31, 2023. The press release is attached to this Current Report on Form 8-K as Exhibit 99.1 and is incorporated herein by reference. The information in Item 2.02 of this Current Report on Form 8-K and the information in the exhibit attached hereto shall not be deemed "filed" for purposes of Section 18 of the Securities Exchange Act of 1934, as amended (the "Exchange Act"), or otherwise subject to the liabilities of that section, nor shall it be deemed incorporated by reference in any filing under the Securities Act of 1933, as amended, or the Exchange Act except as expressly set forth by specific reference in such filing. Use of Non-GAAP Financial Information 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. Such financial measures include Adjusted Net Income (Loss), Adjusted Net Income (Loss) Per Common Share, earnings before interest, taxes, depreciation and amortization ("EBITDA"), Adjusted EBITDA, Free Cash Flow, Adjusted EBITDA Margin, Net Debt, and Net Leverage. We believe these non-GAAP financial measures are frequently used by investors, securities analysts and other parties in the evaluation of our performance and liquidity with that of other companies in our industry. Management uses these measures to evaluate our operating performance, liquidity and capital structure. In addition, our incentive compensation plan measures performance based on our consolidated EBITDA, along with other factors. The methods we use to produce these non-GAAP financial measures may differ from methods used by other companies. These measures should be considered in addition to,
01 Financial Statements and Exhibits
Item 9.01 Financial Statements and Exhibits. (d) Exhibits. Exhibit No. Description 99.1 Press release issued by Newpark Resources, Inc. on February 21 , 202 4 104 Cover Page Interactive Data File (formatted as Inline XBRL and contained in Exhibit 101)
SIGNATURES
SIGNATURES Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized. NEWPARK RESOURCES, INC. (Registrant) Date: February 21, 2024 By: /s/ Gregg S. Piontek Gregg S. Piontek Senior Vice President and Chief Financial Officer (Principal Financial Officer)