Newpark Resources Files 8-K with Financial Updates
Ticker: NPKI · Form: 8-K · Filed: May 2, 2024 · CIK: 71829
| Field | Detail |
|---|---|
| Company | Newpark Resources Inc (NPKI) |
| Form Type | 8-K |
| Filed Date | May 2, 2024 |
| Risk Level | low |
| Pages | 2 |
| Reading Time | 3 min |
| Key Dollar Amounts | $0.01 |
| Sentiment | neutral |
Sentiment: neutral
Topics: financial-reporting, 8-K, operations
Related Tickers: NR
TL;DR
NR has filed an 8-K with updated financials - check it out.
AI Summary
On May 2, 2024, Newpark Resources, Inc. filed an 8-K report detailing its financial results and operations. The filing includes financial statements and exhibits, providing an update on the company's performance. The report is filed under the Securities Exchange Act of 1934.
Why It Matters
This filing provides investors with crucial, up-to-date financial information and operational details for Newpark Resources, Inc., enabling informed investment decisions.
Risk Assessment
Risk Level: low — This is a routine financial filing and does not indicate any immediate or significant risks.
Key Players & Entities
- Newpark Resources, Inc. (company) — Registrant
- 0000071829-24-000034 (filing_id) — Accession Number
- May 2, 2024 (date) — Date of Report
- Delaware (jurisdiction) — State of Incorporation
- 72-1123385 (tax_id) — IRS Employer Identification No.
- 9320 Lakeside Boulevard, Suite 100, The Woodlands, Texas 77381 (address) — Principal Executive Offices
- 281-362-6800 (phone) — Business Phone
FAQ
What is the primary purpose of this Form 8-K filing for Newpark Resources, Inc.?
The primary purpose is to report current information regarding the company's results of operations and financial condition, as well as financial statements and exhibits.
On what date was this Form 8-K report filed?
The report was filed on May 2, 2024.
Under which section of the Securities Exchange Act is this report filed?
This report is filed pursuant to Section 13 or 15(d) of The Securities Exchange Act of 1934.
What is the principal executive office address for Newpark Resources, Inc.?
The principal executive office address is 9320 Lakeside Boulevard, Suite 100, The Woodlands, Texas 77381.
What is the company's fiscal year end?
The company's fiscal year ends on December 31st.
Filing Stats: 723 words · 3 min read · ~2 pages · Grade level 11.1 · Accepted 2024-05-02 16:27:27
Key Financial Figures
- $0.01 — ange on which registered Common Stock, $0.01 par value NR New York Stock Exchange
Filing Documents
- nr-20240502.htm (8-K) — 31KB
- a2024q18k-erex991.htm (EX-99.1) — 367KB
- newparklogo2023a.jpg (GRAPHIC) — 53KB
- nr-20240502_g1.jpg (GRAPHIC) — 53KB
- 0000071829-24-000034.txt ( ) — 726KB
- nr-20240502.xsd (EX-101.SCH) — 2KB
- nr-20240502_lab.xml (EX-101.LAB) — 22KB
- nr-20240502_pre.xml (EX-101.PRE) — 13KB
- nr-20240502_htm.xml (XML) — 3KB
02. Results of Operations and Financial Condition
Item 2.02. Results of Operations and Financial Condition. On May 2, 2024, Newpark Resources, Inc. (the "Company") issued a press release announcing financial information for the three months ended March 31, 2024. 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, not as a substitute for,
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 May 2, 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: May 2, 2024 By: /s/ Gregg S. Piontek Gregg S. Piontek Senior Vice President and Chief Financial Officer (Principal Financial Officer)