Please wait while we load the requested 10-Q report or click the link below:
https://last10k.com/sec-filings/report/71829/000007182918000144/a2018q310q.htm
November 2023
October 2023
August 2023
August 2023
June 2023
May 2023
May 2023
May 2023
April 2023
February 2023
![]() | NEWS RELEASE | ||
Contacts: | Gregg Piontek Senior Vice President and Chief Financial Officer Newpark Resources, Inc. gpiontek@newpark.com 281-362-6800 | ||
FOR IMMEDIATE RELEASE |
• | $1.8 million of pre-tax charges in the Corporate office ($1.8 million after-tax) associated with the retirement and transition of our Senior Vice President, General Counsel and Chief Administrative Officer, primarily reflecting the impact of modifications to certain outstanding stock-based and other incentive awards; |
• | $1.1 million of pre-tax charges in the Brazil Fluids Systems business ($1.1 million after-tax), primarily related to severance costs associated with our planned workforce reductions in the fourth quarter of 2018 in connection with the completion of the current contract with Petrobras, which is scheduled to conclude in December 2018; |
• | $0.8 million of pre-tax charges in the U.S. Fluids Systems business ($0.6 million after-tax), associated with the July 2018 fire at our Kenedy, Texas drilling fluids facility; and |
• | $0.6 million of non-capitalizable expenses in the U.S. Fluids Systems business ($0.5 million after-tax), related to the upgrade and conversion of a drilling fluids facility into a completion fluids facility, which is expected to be operational by the end of 2018. Located in the Port of Fourchon, this adjacent facility complements our primary Gulf of Mexico deepwater shorebase and supports our product line expansion. |
Please wait while we load the requested 10-Q report or click the link below:
https://last10k.com/sec-filings/report/71829/000007182918000144/a2018q310q.htm
Compare this 10-Q Quarterly Report to its predecessor by reading our highlights to see what text and tables were removed , added and changed by Newpark Resources Inc.
Newpark Resources Inc's Definitive Proxy Statement (Form DEF 14A) filed after their 2018 10-K Annual Report includes:
Rating
Learn More![]()
Operating expenses for the third quarter of 2018 include $0.8 million of charges associated with the Kenedy, Texas facility fire discussed above, as well as increased start-up costs associated with our product line expansion into stimulation chemicals and completion fluids, including $0.6 million of non-capitalizable expenses related to the upgrade and conversion of a drilling fluids facility into a completion fluids facility.
Operating expenses for the first nine months of 2018 include $0.8 million of charges associated with the Kenedy, Texas facility fire discussed above, as well as increased start-up costs associated with our product line expansion into stimulation chemicals and completion fluids, including $0.6 million of non-capitalizable expenses related to the upgrade and conversion of a drilling fluids facility into a completion fluids facility.
In addition, the ABL Facility contains customary events of default, including, without limitation, a failure to make payments under the facility, acceleration of more than $25.0 million of other indebtedness, certain bankruptcy events and certain change of control events.
In addition, expenses increased in the Mats and Integrated Services segment, including costs attributable to the WSG acquisition.
The increase in expenses includes a corporate office charge of $1.8 million in the third quarter of 2018 associated with the retirement and transition of our Senior Vice President, General Counsel and Chief Administrative Officer, primarily reflecting the impact of modifications to certain outstanding stock-based and other incentive awards.
The completion of the WSG...Read more
The increase in expenses was...Read more
In Australia, we provide drilling...Read more
Operating income from international operations...Read more
This $33.7 million increase includes...Read more
This $155.5 million increase includes...Read more
While the incremental service revenues...Read more
While the incremental service revenues...Read more
Foreign currency exchange Foreign currency...Read more
The 2017 effective tax rate...Read more
The 2017 effective tax rate...Read more
The improvement in operating results...Read more
The improvement in operating results...Read more
Provision for income taxes The...Read more
Provision for income taxes The...Read more
Operating Income Segment operating income...Read more
Operating Income Segment operating income...Read more
Our Mats and Integrated Services...Read more
Operating income from international operations...Read more
Significant estimates used in preparing...Read more
Third Quarter of 2018 Compared...Read more
25 25 First Nine Months...Read more
Selling, general and administrative expenses...Read more
Selling, general and administrative expenses...Read more
To support this effort, we...Read more
Internationally, revenues increased 2% to...Read more
Internationally, revenues increased 13% to...Read more
As of September 30, 2018,...Read more
Corporate Office Corporate office expenses...Read more
Corporate Office Corporate office expenses...Read more
While this event and related...Read more
The profitability of our business...Read more
The provision for income taxes...Read more
Under previous guidance, we recognized...Read more
Operating Segment Results Summarized financial...Read more
Operating Segment Results Summarized financial...Read more
Petrobras has delayed any award...Read more
Petrobras has delayed any award...Read more
24 24 Mats and Integrated...Read more
Mats and Integrated Services Revenues...Read more
In addition to our international...Read more
The ABL Facility is a...Read more
Our future revenue levels in...Read more
Following our efforts in recent...Read more
Due to the relative contribution...Read more
Financial Statements, Disclosures and Schedules
Inside this 10-Q Quarterly Report
Material Contracts, Statements, Certifications & more
Newpark Resources Inc provided additional information to their SEC Filing as exhibits
Ticker: NR
CIK: 71829
Form Type: 10-Q Quarterly Report
Accession Number: 0000071829-18-000144
Submitted to the SEC: Fri Oct 26 2018 4:44:51 AM EST
Accepted by the SEC: Fri Oct 26 2018
Period: Sunday, September 30, 2018
Industry: Oil And Gas Field Machinery And Equipment