Newpark Resources, Inc. Reports Earnings Results for the Second Quarter Ended June 30, 2021
August 03, 2021 at 04:15 pm EDT
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Newpark Resources, Inc. announced earnings results for the second quarter ended June 30, 2021. For the second quarter, the company announced sales was USD 142.249 million compared to USD 101.946 million a year ago. Operating loss was USD 3.247 million compared to USD 30.539 million a year ago. Net loss was USD 5.998 million compared to USD 26.244 million a year ago. Basic loss per share from continuing operations was USD 0.07 compared to USD 0.29 a year ago. For the half year, sales was USD 283.421 million compared to USD 266.496 million a year ago. Operating loss was USD 36.425 million compared to USD 2.703 million a year ago. Net loss was USD 11.360 million compared to USD 38.392 million a year ago. Basic loss per share from continuing operations was USD 0.12 compared to USD 0.43 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. 
