Newpark Resources (NR) Misses Q4 EPS by 4c, provides guidance

Newpark Resources (NYSE: NR) reported Q4 EPS of $0.04, $0.04 worse than the analyst estimate of $0.08. Revenue for the quarter came in at $167.8 million versus the consensus estimate of $171.14 million.

FINANCIAL GUIDANCE

The following forward-looking guidance reflects the Company\'s current expectations and beliefs as of February 21, 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 $230 million to $240 million and segment Adjusted EBITDA in a range of $80 million to $85 million
Total Industrial Solutions capital expenditures in a range of $30 million to $35 million

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

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