NYSE$NPKI

Newpark Resources Inc · Q3 2022 earnings

Q3 2022 earnings · · Investor relations

Briefing

Reported a net loss of ($0.26) per share, but adjusted net income was $0.06 per diluted share.

Newpark Resources reported a 13% sequential increase in consolidated revenues to $220 million in Q3 2022. Adjusted EBITDA was $19.6 million, and Adjusted EPS was $0.06 per diluted share. The company is divesting certain businesses to simplify operations and generate cash.

  • Consolidated revenues increased 13% sequentially to $220 million.
  • Adjusted EBITDA of $19.6 million was achieved.
  • Adjusted EPS of $0.06 per diluted share was achieved.
  • Pending divestitures are expected to provide approximately $80 million in cash proceeds.

Headline financials

Total Revenue

$220M

Previous: $152M+44.8%
EPS (adj)

$0.06

Previous: -$0.07+185.7%
Capital Expenditures

-$17.7M

Previous: -$19.1M+7.2%
Free Cash Flow

-$42.3M

Previous: -$29.6M-43.0%
Net Income

-$24.6M

Previous: -$10.5M-134.6%
Operating Income

-$21.3M

Previous: -$6.06M-251.5%
Gross Profit

$32M

Previous: $19.5M+63.7%
Cash & Equivalents

$20.5M

Previous: $31.2M-34.5%
Total Assets

$767M

Previous: $721M+6.3%
Stock-Based Comp

$1.9M

Previous: $2.45M-22.2%

Revenue & EPS history

Newpark Resources · Revenue · Quarterly

$220M

Q3 2022+44.8%vs Q3 2021
Beat estimate in 8 of 14 quarters(57%)
ActualEstimate

Forward guidance

The company expects pending divestitures will provide cash proceeds of approximately $80 million within the next quarter.

Tailwinds

  • Cash proceeds of approximately $80 million from pending divestitures.
  • Simplification of the business.
  • Transition to a more agile and capital-light model.
  • Ability to accelerate investment in higher returning opportunities.
  • Return value to shareholders through share repurchases.

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 Q3 2022

Historical avgQ3 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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