Newpark Resources, Inc. Reports Earnings Results for the First Quarter Ended March 31, 2021
May 04, 2021 at 02:26 pm EDT
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Newpark Resources, Inc. announced earnings results for the first quarter ended March 31, 2021. For the first quarter, the company announced sales was USD 141.172 million compared to USD 164.550 million a year ago. Operating income was USD 544,000 compared to operating loss of USD 5.886 million a year ago. Net loss was USD 5.362 million compared to USD 12.148 million a year ago. Basic loss per share from continuing operations was USD 0.06 compared to USD 0.14 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. 
