Newpark Resources Files 8-K on Financials

TL;DR

NR has filed an 8-K detailing its Q3 financials and operations.

AI Summary

Newpark Resources, Inc. filed an 8-K on November 7, 2024, reporting on its results of operations and financial condition as of October 29, 2024. The filing also includes other events and financial statements and exhibits.

Why It Matters

This 8-K filing provides an update on Newpark Resources' financial performance and operational status, which is crucial information for investors and stakeholders to assess the company's current health and future prospects.

Risk Assessment

Risk Level: low — This filing is a routine disclosure of financial information and does not appear to contain any immediate negative news or significant changes.

Key Players & Entities

• NEWPARK RESOURCES INC (company) — Registrant
• 0000071829-24-000111 (filing_id) — Accession Number
• October 29, 2024 (date) — Period of Report
• November 7, 2024 (date) — Filing Date
• 9320 Lakeside Boulevard, Suite 100, The Woodlands, Texas 77381 (address) — Principal Executive Offices

FAQ

Key Financial Figures

• $0.01 — ange on which registered Common Stock, $0.01 par value NR New York Stock Exchange

Filing Documents

• nr-20241029.htm (8-K) — 33KB
• a2024q38k-erex991.htm (EX-99.1) — 387KB
• newparklogo2023a.jpg (GRAPHIC) — 53KB
• nr-20241029_g1.jpg (GRAPHIC) — 53KB
• 0000071829-24-000111.txt ( ) — 751KB
• nr-20241029.xsd (EX-101.SCH) — 2KB
• nr-20241029_lab.xml (EX-101.LAB) — 22KB
• nr-20241029_pre.xml (EX-101.PRE) — 13KB
• nr-20241029_htm.xml (XML) — 3KB

02. Results of Operations and Financial Condition

Item 2.02. Results of Operations and Financial Condition. On November 7, 2024, Newpark Resources, Inc. (the "Company") issued a press release announcing financial information for the three and nine months ended September 30, 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 Income (Loss) from Continuing Operations, Adjusted Income (Loss) from Continuing Operations Per Common Share, earnings before interest, taxes, depreciation and amortization ("EBITDA") from Continuing Operations, Adjusted EBITDA from Continuing Operations, Free Cash Flow, and Adjusted EBITDA Margin from Continuing Operations. 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 d

01 Other Events

Item 8.01 Other Events. On October 29, 2024, the Company detected a ransomware cybersecurity incident ("Incident") in which an unauthorized third party gained access to certain of the Company's internal information systems. Upon detection, the Company activated its cybersecurity response plan and launched an investigation internally with the support of external advisors to assess and to contain the threat. The incident has caused disruptions and limitation of access to certain of the Company's information systems and business applications supporting aspects of the Company's operations and corporate functions, including financial and operating reporting systems. However, the Company's manufacturing and field operations have continued in all material respects utilizing established downtime procedures. The full scope of the costs and related impacts of the Incident, including any future impact on our financial condition and results of operations, has not yet been determined. Based on the Company's current knowledge of the facts and circumstances related to this incident, the Company believes that this incident is not reasonably likely to materially impact the Company's financial conditions or results of operations. Should any of the relevant facts and circumstances substantively change, the Company will make any required disclosures.

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 November 7 , 2024 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: November 7, 2024 By: /s/ Gregg S. Piontek Gregg S. Piontek Senior Vice President and Chief Financial Officer (Principal Financial Officer)

View Full Filing

View this 8-K filing on SEC EDGAR