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Greetings, and welcome to the Newpark Resources First Quarter Earnings Conference Call. [Operator Instructions]
It is now my pleasure to introduce your host, Ken Dennard, Investor Relations for Newpark Resources. Thank you, Mr Dennard. You may begin.
Ken Dennard
Investor Relations
Thank you, operator and good morning, everyone. We appreciate you joining us for the Newpark Resources conference call and webcast to review first quarter 2021 results. Participating from the Company in today s call are Paul Howes, Newpark s President and Chief Executive Officer; Gregg Piontek, Chief Financial Officer; David Paterson, President of Fluids business; and Matthew Lanigan, President of the Industrial Solutions business. Following my remarks, management will provide a high level commentary on the financial details of the first quarter results and near-term outlook before turning the call over to Q&A. And then before I give the call to management, I have a few housekeeping details to run t
Newpark: Q1 Earnings Snapshot
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THE WOODLANDS, Texas (AP) Newpark Resources Inc. (NR) on Tuesday reported a loss of $5.4 million in its first quarter.
The The Woodlands, Texas-based company said it had a loss of 6 cents per share. Losses, adjusted for non-recurring costs, came to 5 cents per share.
The oil and gas industry supplier posted revenue of $141.2 million in the period.
In the final minutes of trading on Tuesday, the company s shares hit $3.13. A year ago, they were trading at $1.18.
This story was generated by Automated Insights (http://automatedinsights.com/ap) using data from Zacks Investment Research. Access a Zacks stock report on NR at https://www.zacks.com/ap/NR
Newpark Resources Reports First Quarter 2021 Results
Industrial Solutions segment generates $53 million of revenues and 25% operating margin
First quarter cash provided by operating activities is $28 million; Debt reduced by $15 million
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THE WOODLANDS, Texas, May 4, 2021 /PRNewswire/ Newpark Resources, Inc. (NYSE: NR) ( Newpark or the Company ) today announced results for its first quarter ended March 31, 2021. Total revenues for the first quarter of 2021 were $141.2 million compared to $129.7 million for the fourth quarter of 2020 and $164.6 million for the first quarter of 2020. Net loss for the first quarter of 2021 was $5.4 million, or ($0.06) per share, compared to a net loss of $18.4 million, or ($0.20) per share, for the fourth quarter of 2020, and net loss of $12.1 million, or ($0.14) per diluted share, for the first quarter of 2020.