NYSE$NPKI

Newpark Resources Inc · Q2 2022 earnings

Q2 2022 earnings · · Investor relations

Briefing

Newpark Resources reported a net loss of ($0.08) per share and an adjusted net income of $0.01 per diluted share.

Newpark Resources reported a revenue of $194.1 million for the second quarter of 2022, a 10% sequential increase. The company's net loss was $7.8 million, or ($0.08) per share, while adjusted net income was $1.1 million, or $0.01 per diluted share. Consolidated revenues were $194 million, delivering Adjusted EBITDA of $13.3 million.

  • Consolidated revenues were $194 million for the second quarter of 2022, delivering Adjusted EBITDA of $13.3 million.
  • Industrial Solutions segment revenues improved by 38% sequentially to $49 million in the second quarter, benefitting from $19 million in second quarter product sales.
  • Fluids Systems segment revenues improved by 3% sequentially, as the seasonal pullback in Canada through Spring break-up was more than offset by solid revenue growth in U.S. land markets and a $5 million increase in the Gulf of Mexico.
  • Company expects revenues and income to strengthen and a return to positive operating cash flow generation in the third quarter, primarily benefitting from the stabilizing supply chain environment, the continued ramp-up of deferred projects in the EMEA region, and the seasonal recovery in Canada.

Headline financials

Total Revenue

$194M

Previous: $142M+36.5%
EPS (adj)

$0.01

Previous: -$0.07+114.3%
Capital Expenditures

-$9.52M

Previous: -$10.5M+9.2%
Free Cash Flow

-$17.3M

Previous: -$16.5M-4.8%
Net Income

-$7.75M

Previous: -$6M-29.2%
Operating Income

-$6.22M

Previous: -$3.25M-91.5%
Gross Profit

$25.9M

Previous: $18.1M+43.0%
Cash & Equivalents

$20.2M

Previous: $35.1M-42.6%
Total Assets

$766M

Previous: $710M+7.9%
Stock-Based Comp

$1.73M

Previous: $1.99M-13.2%

Revenue & EPS history

Newpark Resources · Revenue · Quarterly

$194M

Q2 2022+36.5%vs Q2 2021
Beat estimate in 8 of 14 quarters(57%)
ActualEstimate

Forward guidance

Company expects revenues and income to strengthen and a return to positive operating cash flow generation in the third quarter, primarily benefitting from the stabilizing supply chain environment, the continued ramp-up of deferred projects in the EMEA region, and the seasonal recovery in Canada.

Tailwinds

  • Stabilizing supply chain environment
  • Continued ramp-up of deferred projects in the EMEA region
  • Seasonal recovery in Canada
  • Robust market outlook across all facets of the energy sector
  • Ongoing portfolio actions to strengthen our Fluids Systems business

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 Q2 2022

Historical avgQ2 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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