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Jun 30, 2021
Newpark Resources Q2 2021 Earnings Report
Reported an increase in consolidated revenues and progress in strategic initiatives.
Key Takeaways
Newpark Resources reported a slight increase in consolidated revenues to $142.2 million, driven by international Fluids Systems and Industrial Solutions, while experiencing a net loss of $6.0 million, or ($0.07) per share. The company generated $26 million in cash from operations and $25 million in free cash flow during the first half of 2021.
Consolidated revenues increased 1% sequentially to $142 million.
International Fluids Systems revenues increased 28% sequentially.
Industrial Solutions rental and service revenues improved 15% sequentially.
The company generated $25 million of Free Cash Flow for the first half of 2021.
Forward Guidance
Newpark has scheduled a conference call to discuss second quarter of 2021 results and its near-term operational outlook, which will be broadcast live over the Internet, on Wednesday, August 4, 2021 at 10:00 a.m. Eastern Time / 9:00 a.m. Central Time.
Historical Earnings Impact
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Avg. Return Before/After Earnings
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