Newpark's Board of Directors has approved a stock repurchase program that authorizes the Company to purchase up to $25 million of outstanding shares of Newpark common stock.
Share Repurchase Program Update
In February 2008, Newpark's Board of Directors approved a stock repurchase program, authorizing the Company to purchase up to $25 million of outstanding shares of Newpark common stock. As part of this stock repurchase program, the Company established a repurchase program under Rule 10b5-1 of the Securities Exchange Act of 1934 during the first quarter and repurchased 784,000 outstanding shares for an aggregate price of $3.8 million, at an average per share price of $4.80.
2700 Research Forest Drive
The Woodlands, TX 77381
United States - Map
Web Site: http://www.newpark.com
Index Membership: N/A
Sector: Basic Materials
Industry: Oil & Gas Equipment & Services
Full Time Employees: 1,846
Newpark Resources, Inc. provides integrated fluids management and well site preparation products and services to the oil and gas exploration and production industry in the United States, Canada, Mediterranean region, Mexico, and Brazil. The company operates in two segments, Fluids Systems and Engineering, and Mats and Integrated Services. The Fluids Systems and Engineering segment offers drilling fluids products and technical services. It also provides fluids services and equipment rental services. The Mats and Integrated Services segment offers site preparation, pit design, construction and drilling waste management, and installation and rental of composite or wooden mat systems. This segment also provides access roads and temporary work sites for pipeline, electrical utility, and highway construction projects. The company serves utilities, municipalities, and government sectors. Newpark Resources, Inc. was founded in 1932 and is based in The Woodlands, Texas.
President and Chief Executive Officer
Vice President and Chief Financial Officer
Float 87.6 mil