Newpark Resources, Inc. Reports Consolidated Unaudited Impairments for the Fourth Quarter Ended December 31, 2020
February 11, 2021 at 04:15 pm EST
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Newpark Resources, Inc. reported consolidated unaudited impairments for the fourth quarter ended December 31, 2020. For the quarter,the company reported impairments of $11,689,000 against $11,422,000 a year ago.
Newpark Resources, Inc. is a geographically diversified supplier providing products, as well as rentals and services to customers across multiple industries. The Company operates through two segments include Industrial Solutions, Fluids Systems and Industrial Blending. Its Industrial Solutions segment provides temporary worksite access solutions, including the rental of its recyclable composite matting systems, along with related site construction and services to customers in various markets including power transmission, oil and natural gas exploration and production (E&P), pipeline, renewable energy, petrochemical, construction and other industries, primarily in the United States and Europe. Its Fluids Systems segment provides drilling, completion, and stimulation fluids products and related technical services to customers for oil, natural gas, and geothermal projects primarily in North America and Europe, the Middle East and Africa, as well as certain countries in Asia Pacific.
NEWPARK RESOURCES, INC. 
