Newpark Resources, Inc. (NYSE:NR) Q3 2024 Results Conference Call November 8, 2024 9:30 AM ET

Company Participants

Gregg Piontek - Chief Financial Officer
Matthew Lanigan - Chief Executive Officer

Conference Call Participants

Aaron Spychalla - Craig Hallum
Sameer Joshi - H.C. Wainwright
Gerry Sweeney - ROTH Capital
Alex Rygiel - B. Riley
Bill Dezellem - Tieton Capital

Operator

Good morning. My name is Jamie, and I will be your conference operator today. At this time, I would like to welcome everyone to the Newpark Resources Third Quarter 2024 Earnings Conference Call. Today's call is being recorded and will be available for replay beginning at 12:30 p.m. Eastern Standard Time. The recording can be accessed by dialing 877-710-5302 for domestic or 402-220-1605 for International. All lines are currently muted and after the prepared remarks, there will be a live question-and-answer session. [Operator Instructions]

It is now my pleasure to turn the floor over to Gregg Piontek, Chief Financial Officer of Newpark Resources. Please go ahead.

Gregg Piontek

Thank you, operator. I'd like to welcome everyone to the Newpark Resources third quarter 2024 conference call. Joining me today is Matthew Lanigan, our President and Chief Executive Officer.

Before handing over to Matthew, I'd like to highlight that today's discussion contains forward-looking statements regarding future business and financial expectations. Actual results may differ significantly from those projected in today's forward-looking statements due to various risks and uncertainties, including the risks described in our periodic reports filed with the SEC. Except as required by law; we undertake no obligation to update our forward-looking statements.

Our comments on today's call may also include certain non-GAAP financial measures. Additional details and reconciliations to the most directly comparable GAAP financial measures are included in our quarterly earnings release, which can be found on our corporate website. There will be a replay of today's call, and it will be available by webcast within the Investor Relations section of our website at newpark.com. Please note that the information disclosed in today's call is current as of November 8, 2024. At the conclusion of our prepared remarks, we will open the line for questions.

And with that, I would like to turn the call over to our President and CEO, Matthew Lanigan.

Matthew Lanigan

Thanks, Gregg, and welcome to everyone joining us on today's call. I'll begin with an overview of our Q3 performance followed by an outlook for our Q4 and an update on our strategic priorities entering 2025. The third quarter came in below our expectations, as two notable factors combined to impact our results after a very strong second quarter.