Newpark Resources (NR) Tops Q3 EPS by 10c, provides guidance

Newpark Resources (NYSE: NR) reported Q3 EPS of $0.17, $0.10 better than the analyst estimate of $0.07. Revenue for the quarter came in at $44.2 million versus the consensus estimate of $54.83 million.

FINANCIAL GUIDANCE

The following forward-looking guidance reflects the Company’s current expectations and beliefs as of November 7, 2024 and is subject to change. The following statements apply only as of the date of this disclosure and are expressly qualified in their entirety by the cautionary statements included elsewhere in this document.

For the full year 2024, Newpark currently anticipates the following:

Industrial Solutions segment revenue in a range of $217 million to $223 million
Industrial Solutions segment Adjusted EBITDA in a range of $77 million to $81 million
Total Industrial Solutions capital expenditures in a range of $33 million to $35 million

For earnings history and earnings-related data on Newpark Resources (NR) click here.

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