Newpark Resources: Newpark Resources, Inc. Reports Earnings Results for the Third Quarter and Nine Months Ended September 30, 2024

Newpark Resources, Inc. reported earnings results for the third quarter and nine months ended September 30, 2024. For the third quarter, the company reported sales was USD 44.21 million compared to USD 57.26 million a year ago. Net loss was USD 174.3 million compared to net income of USD 7.67 million a year ago. Basic earnings per share from continuing operations was USD 0.17 compared to USD 0.03 a year ago. Diluted earnings per share from continuing operations was USD 0.17 compared to USD 0.03 a year ago. Basic loss per share was USD 2.02 compared to basic earnings per share of USD 0.09 a year ago. Diluted loss per share was USD 1.99 compared to diluted earnings per share of USD 0.09 a year ago. For the nine months, sales was USD 159.97 million compared to USD 161.19 million a year ago. Net loss was USD 158.97 million compared to net income of USD 14.99 million a year ago. Basic earnings per share from continuing operations was USD 0.32 compared to USD 0.1 a year ago. Diluted earnings per share from continuing operations was USD 0.32 compared to USD 0.1 a year ago. Basic loss per share was USD 1.86 compared to basic earnings per share of USD 0.17 a year ago. Diluted loss per share was USD 1.82 compared to diluted earnings per share of USD 0.17 a year ago.