Newpark Resources Reports Fourth Quarter 2020 Results

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Go back to Newpark Resources Reports Fourth Quarter 2020 Results

Newpark Resources (NR) Misses Q4 EPS by 7c, Revenues Beat

February 11, 2021 4:28 PM EST

Newpark Resources (NYSE: NR) reported Q4 EPS of ($0.20), $0.07 worse than the analyst estimate of ($0.13). Revenue for the quarter came in at $129.7 million versus the consensus estimate of $119.25 million.

Paul Howes, Newpark's President and Chief Executive Officer, stated, "2020 was a year in which companies around the world faced unprecedented challenges. I'm extremely proud of the resilience of our entire organization as we continued to advance our market diversification efforts. Although the combination of the oil & gas industry dislocation and the prolonged COVID-related headwinds impacted our operations for much of the year, we... More