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Dec 31, 2021
Newpark Resources Q4 2021 Earnings Report
Reported an improvement in revenues and a return to profitability for the Fluids Systems segment.
Key Takeaways
Newpark Resources reported a sequential increase in consolidated revenues, driven by growth in both the Industrial Solutions and Fluids Systems segments. The Fluids Systems segment returned to profitability, while the Industrial Solutions segment experienced a slight decline in operating margin.
Consolidated revenues increased 18% sequentially to $179.6 million.
Industrial Solutions segment revenues increased 18% sequentially to $51.7 million.
Fluids Systems segment revenues also improved 18% sequentially to $127.9 million, returning to positive operating income.
The company is winding down industrial blending operations and exploring strategic options for the U.S. mineral grinding business to enhance liquidity.
Forward Guidance
The company expects DSO's will normalize in the first quarter and provide a favorable tailwind for cash generation.
Historical Earnings Impact
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Avg. Return Before/After Earnings
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