NYSE$NPKI

Newpark Resources Inc · Q1 2022 earnings

Q1 2022 earnings · · Investor relations

Briefing

Newpark Resources reported first quarter results with revenues of $176 million, operating income of $1.0 million, and net income of $2.5 million.

Newpark Resources reported a decrease in consolidated revenues by 2% sequentially to $176 million, driven by a decline in Industrial Solutions product sales, offset by growth in the Fluids Systems segment. The company achieved its strongest quarterly operating income and EBITDA since Q3 2019.

  • Consolidated revenues decreased 2% sequentially to $176 million.
  • Fluids Systems segment revenues improved 10% sequentially, driven by broad-based growth across several key markets.
  • Industrial Solutions segment revenues declined 31% sequentially to $35 million.
  • The company expects positive net income generation in the second quarter, benefitting primarily from sequential growth in Industrial Solutions revenues and profitability, combined with lower corporate office expenses.

Headline financials

Total Revenue

$176M

Previous: $141M+25.0%
EPS (adj)

$0.03

Previous: -$0.05+160.0%
Capital Expenditures

-$7.62M

Previous: -$8.65M+11.9%
Free Cash Flow

-$5.1M

Previous: -$14M+63.6%
Net Income

$2.52M

Previous: -$5.36M+147.0%
Operating Income

$967K

Previous: $544K+77.8%
Gross Profit

$25.5M

Previous: $21.2M+20.2%
Cash & Equivalents

$21.3M

Previous: $34.2M-37.6%
Total Assets

$752M

Previous: $698M+7.9%
Stock-Based Comp

$1.47M

Previous: $1.28M+14.8%

Revenue & EPS history

Newpark Resources · Revenue · Quarterly

$176M

Q1 2022+25%vs Q1 2021
Beat estimate in 11 of 16 quarters(69%)
ActualEstimate

Forward guidance

The company expects positive net income generation in the second quarter, benefitting primarily from sequential growth in Industrial Solutions revenues and profitability, combined with lower corporate office expenses.

Tailwinds

  • Improving market outlook across all facets of the energy sector
  • Ongoing portfolio actions to strengthen our Fluids Systems business
  • Expected sequential growth in Industrial Solutions revenues and profitability
  • Lower corporate office expenses
  • Foundation for sustainable free cash flow generation going forward

Historical earnings impact

How earnings announcements have historically affected this stock's price.

Avg. return before/after earnings

Based on 20 quarterly earnings reports · overlaid with Q1 2022

Historical avgQ1 2022

+0.1%

Avg return

Earnings day

+0.9%

Avg return

5 days after

+6.9%

Avg return

30 days after

45%

29 / 65 earnings

Positive

+25.5%

Q1 2025

Best reaction

-20.4%

Q2 2021

Worst reaction

Earnings price reactions
QuarterReport dateReaction (Day 0)+5 days+30 days
Q1 2026-4.8%-3.9%-11.3%
Q4 2025+4.3%-4.3%+2.2%
Q3 2025-5.1%-3.5%-8.4%
Q1 2025+25.5%+31.1%+33.9%
Q4 2024-5.1%-14.2%-7.6%
Q3 2024-4.3%-2.4%+1.3%
Q2 2024+9.6%+1.9%+7.4%
Q1 2024+2.5%+6.3%+22.4%
Q4 2023-1.3%+1.9%+17.4%
Q3 2023+3.4%+2.3%-1.0%
Q2 2023-4.5%-4.7%+8.3%
Q1 2023+2.0%-2.0%-8.2%
Q4 2022-3.2%-5.4%-15.0%
Q3 2022-6.3%+1.1%+8.7%
Q2 2022-15.9%-23.4%-17.4%
Q1 2022+11.0%+6.9%+26.6%
Q4 2021-4.9%-5.9%+7.5%
Q3 2021+2.1%+2.6%-15.8%
Q2 2021-20.4%-23.2%-18.6%
Q1 2021+6.1%+11.8%+31.4%
Q4 2020+0.7%+9.9%+27.1%
Q3 2020+0.8%+3.7%+103.7%
Q2 2020+0.0%+4.8%+1.6%
Q1 2020+10.2%+35.6%+110.2%
Q4 2019-16.9%-22.8%-45.1%
Q3 2019-18.3%-6.7%-20.2%
Q2 2019+14.1%+5.4%-1.0%
Q1 2019-17.6%-14.8%-15.3%
Q4 2018+9.3%+10.5%-5.8%
Q3 2018-0.6%+0.5%-3.0%
Q2 2018+12.6%+16.3%+13.7%
Q1 2018+6.2%+8.3%+9.8%
Q4 2017-3.7%-2.4%+7.3%
Q3 2017-4.9%+2.7%-4.9%
Q2 2017+6.8%+15.0%+2.7%
Q1 2017-4.4%-3.1%-3.8%
Q4 2016+5.8%+7.1%-12.3%
Q3 2016-4.4%-13.1%+13.9%
Q2 2016+7.5%+6.1%+27.6%
Q1 2016-12.5%
Q4 2015-9.7%
Q3 2015+3.5%
Q2 2015-5.9%
Q1 2015-5.5%
Q4 2014+9.8%
Q3 2014+5.8%
Q2 2014+14.4%
Q1 2014+4.7%
Q4 2013+3.4%
Q3 2013-1.2%
Q2 2013-4.9%
Q4 2012+17.6%
Q1 2013-3.3%
Q3 2012+2.6%
Q2 2012+7.8%
Q1 2011-1.0%
Q1 2012+1.0%
Q4 2011-1.6%
Q1 2010-1.6%
Q4 2009-1.6%
Q4 2010-1.6%
Q3 2011-4.4%
Q3 2010-4.4%
Q2 2011-0.3%
Q2 2010-0.3%

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