THE WOODLANDS, Texas (AP) _ Newpark Resources Inc. (NR) on Thursday reported a fourth-quarter loss of $17.1 million, after reporting a profit in the same period a year earlier.
The The Woodlands, Texas-based company said it had a loss of 19 cents per share. Earnings, adjusted for asset impairment costs and non-recurring costs, were less than 1 cent on a per-share basis.
The oil and gas industry supplier posted revenue of $189.5 million in the period.
For the year, the company reported a loss of $12.9 million, or 14 cents per share, swinging to a loss in the period. Revenue was reported as $820.1 million.
Newpark shares have fallen 18% since the beginning of the year. In the final minutes of trading on Thursday, shares hit $5.15, a drop of 39% in the last 12 months.