Newpark Resources, Inc. Provides Revenue Guidance for the Fourth Quarter 2023
October 01, 2023 at 01:45 am IST
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Newpark Resources, Inc. provided revenue guidance for the fourth quarter 2023. For the quarter, the company expected Industrial Solutions segment revenue in a range of $54-$60 million and Fluids Systems segment revenue in a range of $110-$120 million.
Newpark Resources, Inc. is a geographically diversified supplier providing products, as well as rentals and services to customers across multiple industries. The Company operates through two segments include Industrial Solutions, Fluids Systems and Industrial Blending. Its Industrial Solutions segment provides temporary worksite access solutions, including the rental of its recyclable composite matting systems, along with related site construction and services to customers in various markets including power transmission, oil and natural gas exploration and production (E&P), pipeline, renewable energy, petrochemical, construction and other industries, primarily in the United States and Europe. Its Fluids Systems segment provides drilling, completion, and stimulation fluids products and related technical services to customers for oil, natural gas, and geothermal projects primarily in North America and Europe, the Middle East and Africa, as well as certain countries in Asia Pacific.