Newpark Resources, Inc. (NYSE:NR) Q4 2022 Earnings Call Transcript

Bill Dezellem: That’s helpful. Thank you.

Ken Dennard: Thanks, Bill. We had another email that had a question that says, as you’ve completed the recent divestitures in Fluids, what oil and gas markets are your primary focus going forward?

Matthew Lanigan: Yes. Thanks, Ken. I’ll jump on that one. Look, I think as we break it down, North American land is an attractive market. It’s a smaller market today, but as you look at the customer discipline, I think it’s going to be a more stable market. That is helpful to us in terms of working capital fluctuations. So, that’s a market that we’re going to continue to look at to optimize. And then it’s really EMEA. I think the European supply dynamics has dramatically shifted. It’s providing some strong tailwinds to that region and our history in Europe, North Africa, and the Middle East position as well in those markets, and we’ll continue to focus there.

Ken Dennard: Thank you, Matthew. We’ve got no additional questions in the queue. Do you want to wrap it up with some final comments?

Matthew Lanigan: Sure. I just wanted to thank everyone once again for joining us in the call and for your interest in Newpark, and we’ll talk to you again next quarter.

Operator: Thank you. This will conclude today’s conference. You may disconnect your lines at this time, and thank you for your participation.