Newpark Resources reports Q1 adjusted EPS 10c, consensus 5c

Reports Q1 revenue $169.1M, consensus $170.79M. “Early into 2024, we’ve continued to advance our multi-year value creation strategy as we position Newpark to become a market-leading, pure-play specialty rental business serving the global worksite access market,” stated Matthew Lanigan, President and CEO of Newpark. “Our focus on asset optimization, operational excellence and returns-focused capital deployment contributed to 210 basis points of Adjusted EBITDA margin expansion in the first quarter, including contributions from both our Industrial Solutions and Fluids Systems segments as well as our corporate office.”