Thread regarding Newpark Resources Inc. layoffs

Q2 2022 Financials/CC

Simply laughable. 0 analysts with questions. A long term going out of business sale! Every officer of the company should be fired today. Every manager and salesman that has not been consistently turning 50% margins or greater, should be sh-t canned. All HR and IT should be gone tomorrow. Folks, this fluids company has been an abysmal failure since King Howes decided to put simpleton Vollands over fluids. Last I saw, Simpleton is selling lighted picture frames and gift shop gifts in Minnesota. So much for his astute business guidance! Pi----k and Leprechaun are failing miserably! Time to jet the pits!!!!

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Post ID: @OP+1i2qNEoM

10 replies (most recent on top)

If the CC didn’t give you an indication of “the writing on the wall”, then you must be drinking the koolaid!

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Post ID: @lqet+1i2qNEoM

Here is Leprechauns exact words from the CC: “As we continue to reshape our Fluids business, our divestitures remain a key priority to reduce our capital burden, and we are committed to taking actions on every aspect of our operations that do not show a pathway to acceptable returns. The key area of focus in the near term will be on our deepwater Gulf of Mexico investments, where we have been unable to generate a consistent acceptable return. As a result, we're exploring a range of options to optimize our capital deployment in this market, which includes more than $25 million in net working capital. We see this as another step in driving a capital-light and agile business model for our fluids business”.

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Post ID: @gcjh+1i2qNEoM

Nice try, all Oil stocks up sharply yesterday. You must not have listened to the CC, LEPRECHAUN explicitly stated NP looking at all options for offshore~DUE TO LACK OF PROFITABILITY AND CONSISTENT EARNINGS! Nice try, Amigo……

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Post ID: @gsap+1i2qNEoM

Stock was up almost 15% yesterday! Sound like you are all wrong on the company. Deep water is gaining market share!

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Post ID: @gbcl+1i2qNEoM

The fact that the dysfunctional board allowed D-mb and D-mber to run NP straight into the grave is mind boggling. Hope D-mb Howes enjoys all his worthless stock! Meanwhile D-mber is selling gift shop gifts🤣🤣🤣🤣

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Post ID: @ezzv+1i2qNEoM

Can you say “grasping “? That’s all the CC was. There is NO way NR can service the long term debt and pay the exorbitant corporate overhead with mats. He-l, fluids can’t even pay their own way! Nothing but a prolonged going out of business sale. All the current business unit managers wouldn’t amount to a clipboard holder to the pre 2015 managers. Onward and upward!

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Post ID: @5jgt+1i2qNEoM

Without any doubt, NR’s stock has dropped over 20% since the calamity of a CC. Wall Street’s lack of confidence in Newpark is overwhelming. Seeing that we are in a BO-M, the Board and all upper mgmt should be Sh-t canned. Any mention of employee incentives is completely laughable, you give incentives based on PROFITABILITY! Maybe NR should take a page out of the Genesis and Universal playbook. They can show you how to run a lean profitable fluids company- with ex Newpark folks!

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Post ID: @2iny+1i2qNEoM

Sell to Halliburton!!! And fire management….and EVER Employee that doesn’t wear FR’s!!!

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Post ID: @2unw+1i2qNEoM

I don’t think Newpark has had a fluids salesman ever get 50% margins.

Stick a fork in em!

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Post ID: @1bxs+1i2qNEoM

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