$NPKI

NEWPARK RESOURCES INC

CIK:0000071829|SEC Filings

Condensed Consolidated Statements of Operations (Unaudited) - USD ($) $ in Thousands	3 Months Ended		6 Months Ended
	Jun. 30, 2026	Jun. 30, 2025	Jun. 30, 2026	Jun. 30, 2025
Income Statement [Abstract]
Revenues	$ 81,585	$ 68,233	$ 156,655	$ 133,010
Cost of revenues	51,426	43,052	99,310	82,579
Selling, general and administrative expenses	14,160	13,657	27,351	25,403
Other operating (income) loss, net	(91)	(105)	(519)	(129)
Operating income from continuing operations	16,090	11,629	30,513	25,157
Foreign currency exchange (gain) loss	(154)	(626)	(9)	(940)
Interest (income) expense, net	347	1	670	(47)
Income from continuing operations before income taxes	15,897	12,254	29,852	26,144
Provision for income taxes from continuing operations	3,908	3,470	7,505	6,985
Income from continuing operations	11,989	8,784	22,347	19,159
Income (loss) from discontinued operations, net of tax	(22)	(106)	78	(478)
Net income	$ 11,967	$ 8,678	$ 22,425	$ 18,681
Income (loss) per common share - basic
Income from continuing operations (in dollars per share)	$ 0.14	$ 0.10	$ 0.26	$ 0.22
Income (loss) from discontinued operations (in dollars per share)	0	0	0.01	0
Net income, basic (in dollars per share)	0.14	0.10	0.27	0.22
Income (loss) per common share - diluted
Income from continuing operations (in dollars per share)	0.14	0.10	0.26	0.22
Income (loss) from discontinued operations (in dollars per share)	0	0	0	0
Net income (in dollars per share)	$ 0.14	$ 0.10	$ 0.26	$ 0.22

Condensed Consolidated Statements of Cash Flows (Unaudited) - USD ($) $ in Thousands	6 Months Ended
	Jun. 30, 2026	Jun. 30, 2025
Cash flows from operating activities:
Net income	$ 22,425	$ 18,681
Adjustments to reconcile net income to net cash provided by operations:
Gain on divestitures	(500)	0
Depreciation and amortization	16,545	11,974
Stock-based compensation expense	4,125	2,596
Provision for deferred income taxes	6,284	6,164
Credit loss expense	64	19
Gain on sale of assets	(1,212)	(1,557)
Amortization of original issue discount and debt issuance costs	158	313
Change in assets and liabilities:
Increase in receivables	(1,472)	(6,283)
Decrease in inventories	25	3,596
Increase in other assets	(736)	(1,924)
Increase in accounts payable	3,708	1,823
Decrease in accrued liabilities and other	(6,387)	(5,134)
Net cash provided by operating activities	43,027	30,268
Cash flows from investing activities:
Capital expenditures	(33,215)	(21,705)
Proceeds from divestitures	5,490	14,485
Proceeds from sale of property, plant and equipment	1,019	3,320
Other investing activities	0	3,089
Net cash used in investing activities	(26,706)	(811)
Cash flows from financing activities:
Borrowings on lines of credit	12,600	0
Payments on lines of credit	(17,900)	0
Debt issuance costs	0	(797)
Purchases of treasury stock	(5,882)	(19,291)
Proceeds from employee stock plans	528	0
Other financing activities	(2,416)	(1,704)
Net cash used in financing activities	(13,070)	(21,792)
Effect of exchange rate changes on cash	(40)	110
Net increase in cash, cash equivalents, and restricted cash	3,211	7,775
Cash, cash equivalents, and restricted cash at beginning of period	5,140	18,237
Cash, cash equivalents, and restricted cash at end of period	$ 8,351	$ 26,012

Condensed Consolidated Balance Sheets (Unaudited) - USD ($) $ in Thousands	Jun. 30, 2026	Dec. 31, 2025
ASSETS
Cash and cash equivalents	$ 8,351	$ 5,140
Receivables, net of allowance of $545 and $330, respectively	60,276	59,806
Inventories	11,503	11,500
Prepaid expenses and other current assets	4,866	5,046
Total current assets	84,996	81,492
Property, plant and equipment, net	250,037	233,048
Operating lease assets	10,018	11,195
Goodwill	75,971	76,341
Other intangible assets, net	18,647	21,297
Deferred tax assets	1,603	5,535
Other assets	8,458	12,850
Total assets	449,730	441,758
LIABILITIES AND STOCKHOLDERS’ EQUITY
Current debt	5,183	5,170
Accounts payable	23,370	22,327
Accrued liabilities	24,125	29,647
Total current liabilities	52,678	57,144
Long-term debt, less current portion	5,383	11,692
Noncurrent operating lease liabilities	8,630	9,877
Deferred tax liabilities	9,685	7,476
Other noncurrent liabilities	1,977	4,413
Total liabilities	78,353	90,602
Commitments and contingencies (Note 9)
Common stock, $0.01 par value (200,000,000 shares authorized and 89,969,464 and 90,134,477 shares issued, respectively)	900	902
Paid-in capital	487,744	489,632
Accumulated other comprehensive loss	(2,723)	(1,610)
Retained earnings (deficit)	(78,102)	(100,527)
Treasury stock, at cost (5,059,570 and 5,616,798 shares, respectively)	(36,442)	(37,241)
Total stockholders’ equity	371,377	351,156
Total liabilities and stockholders’ equity	$ 449,730	$ 441,758