Newpark Resources Inc (N:NR)
Business Focus: Oil Related Services and Equipment
| Sector: Energy | Industry: Oil Related Services and Equipment |
| See Regulatory Filings on SEC | |
| Company Contact | |
| Address: | SUITE 100, 2700 RESEARCH FOREST DRIVE THE WOODLANDS TX 77381 |
| Tel: | 1-281-3626800 |
| Website: | https://www.newpark.com |
| IR: | See website |
| Key People | ||
| Matthew S. Lanigan President, Chief Executive Officer, Director | Gregg S. Piontek Chief Financial Officer, Senior Vice President | Douglas L. White Chief Accounting Officer, Vice President, Treasurer |
| Celeste Fruge Chief Compliance Officer, Vice President, General Counsel, Company Secretary | Lori Briggs Vice President, President of Industrial Solutions | David A. Paterson Vice President, President of Fluids Systems |
| Business Overview |
| Newpark Resources, Inc. is a geographically diversified supplier providing products, as well as rentals and services to customers across multiple industries. The Company operates through two segments include Industrial Solutions, Fluids Systems and Industrial Blending. Its Industrial Solutions segment provides temporary worksite access solutions, including the rental of its recyclable composite matting systems, along with related site construction and services to customers in various markets including power transmission, oil and natural gas exploration and production (E&P), pipeline, renewable energy, petrochemical, construction and other industries, primarily in the United States and Europe. Its Fluids Systems segment provides drilling, completion, and stimulation fluids products and related technical services to customers for oil, natural gas, and geothermal projects primarily in North America and Europe, the Middle East and Africa, as well as certain countries in Asia Pacific. |
| Financial Overview |
| For the fiscal year ended 31 December 2023, Newpark Resources Inc revenues decreased 8% to $749.6M. Net income totaled $14.5M vs. loss of $20.8M. Revenues reflect Fluids Systems segment decrease of 13% to $542M, United States segment decrease of 24% to $409.5M, Latin America, Bazil & Mexico segment decrease of 64% to $1.8M. Net Income reflects Fluids Systems segment income totaling $11.9M vs. loss of $15.6M. |
| Employees: | 1,550 as of Dec 31, 2023 |
| Reporting Currency: | U.S. Dollars |
| Enterprise value: | $656.71M as of Dec 31, 2023 |
| Annual revenue (TTM): | $749.60M as of Dec 31, 2023 |
| EBITDA (TTM): | $77.24M as of Dec 31, 2023 |
| Net annual income (TTM): | $14.52M as of Dec 31, 2023 |
| Free cash flow (TTM): | $70.77M as of Dec 31, 2023 |
| Net Debt Last Fiscal Year: | $36.44M as of Dec 31, 2023 |
| Shares outstanding: | 85,201,652 as of Feb 16, 2024 |
| TTM: Trailing Twelve Months EBITDA: Earnings Before Interest, Taxes, Depreciation, & Amortization | |
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