Newpark Resources, Inc. Reports Earnings Results for the Full Year Ended December 31, 2022
February 16, 2023 at 09:15 pm
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Newpark Resources, Inc. reported earnings results for the full year ended December 31, 2022. For the full year, the company reported sales was USD 815.59 million compared to USD 614.78 million a year ago. Net loss was USD 20.83 million compared to USD 25.53 million a year ago.
Basic loss per share from continuing operations was USD 0.22 compared to USD 0.28 a year ago. Diluted loss per share from continuing operations was USD 0.22 compared to USD 0.28 a year ago.
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.
NEWPARK RESOURCES, INC. 
