UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

FORM 8-K

CURRENT REPORT
Pursuant to Section 13 OR 15(d) of The Securities Exchange Act of 1934

Date of Report (Date of earliest event reported): July 31, 2008

NEWPARK RESOURCES, INC.
(Exact name of registrant as specified in its charter)

Delaware		1-2960		72-1123385
(State or other Jurisdiction of Incorporation)		(Commission File Number)		(IRS Employer Identification No.)

2700 Research Forest Drive, Suite 100 The Woodlands, TX		77381
(Address of Principal Executive Offices)		(Zip Code)

Registrant’s telephone number, including area code: (281) 362-6800

(Former name or former address if changed since last report.)

Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions:

o Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)

o Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)

o Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))

o Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))

Exhibit No.		Description
99.1		Press release issued by Newpark Resources, Inc. on July 31, 2008.

		NEWPARK RESOURCES, INC.
Dated: August 1, 2008		By:		/s/ James E. Braun
				James E. Braun, Vice President and Chief Financial Officer (Principal Financial Officer)

Exhibit No.		Description
99.1		Press release issued by Newpark Resources, Inc. on July 31, 2008.

Exhibit 99.1

NEWS RELEASE

		Contacts:		James E. Braun, CFO
				Newpark Resources, Inc.
				281-362-6800
				Ken Dennard, Managing Partner
				Dennard Rupp Gray & Easterly, LLC
				ksdennard@drg-e.com
				713-529-6600

NEWPARK RESOURCES REPORTS 2008 SECOND QUARTER RESULTS
Company reports income from continuing operations of $0.10 per diluted share

THE WOODLANDS, TX — July 31, 2008 — Newpark Resources, Inc. (NYSE: NR) today announced results for its second quarter ended June 30, 2008. Total revenues were $194.0 million for the second quarter of 2008 compared to $150.0 million for the second quarter of 2007. The Company reported income from continuing operations of $8.7 million, or $0.10 per diluted share, compared to $6.1 million, or $0.07 per diluted share, in the second quarter of 2007. Net income was $10.0 million, or $0.11 per diluted share, compared to $5.3 million, or $0.06 per diluted share, in the second quarter of 2007.

Paul Howes, President and Chief Executive Officer of Newpark, stated, “During the second quarter, we continued our focus on growing our core drilling fluids business where revenues were up 29% in a year-over-year comparison and 8% sequentially from the first quarter of 2008. While this segment’s operating margins were lower on a sequential basis, this decline is partially attributable to the seasonal slow-down in the Canadian market, along with start-up costs and short-term inefficiencies associated with new and future revenue streams.

“Meanwhile, despite continued challenges in the Gulf Coast region, our Mats and Integrated Services business rebounded from the first quarter of 2008, increasing its operating margin to almost 10%. We are continuing to reduce the operating costs in this business, and under the leadership of our new division President Bill Moss, we expect to see more benefits ahead.”

SEGMENT RESULTS

The Fluids Systems and Engineering segment generated revenues of $169.1 million and a 10.7% operating margin in the second quarter of 2008 compared to revenues of $131.2 million and a 12.4% operating margin during the second quarter of 2007. Second quarter 2008 revenues were driven by strong growth in both the North American and Mediterranean regions. North American revenues increased 21% over the second quarter of 2007 on solid revenue gains from the U.S. market, while our Mediterranean region revenues increased 53% compared to the second quarter of 2007. Brazil also contributed to revenue growth, generating a $3.5 million increase in the second quarter of 2008. Operating margins in this segment were negatively impacted by several factors, including new customer activity which is initially at lower margins due to start-up inefficiencies, unfavorable product mix and inflationary cost increases related to personnel and materials. In addition, the Company incurred start-up costs associated with future revenue streams.

The Mats and Integrated Services segment generated revenues of $24.9 million and a 9.7% operating margin in the second quarter of 2008 compared to revenues of $18.8 million and a 12.1% operating margin in the second quarter of 2007. The growth in revenues is attributable to an $8.3 million increase in composite mat sales, partially offset by lower mat rental and related services revenue. The revenue decline in mat rental and related services, as well as the segment’s year-to-year operating margin decline, is primarily attributable to continued weakness in the South Louisiana land rig count, resulting in reduced demand along with pricing pressure.

SHARE REPURCHASE PROGRAM UPDATE

As previously announced, Newpark’s Board of Directors approved a stock repurchase program in February 2008, authorizing the Company to purchase up to $25.0 million of outstanding shares of Newpark common stock. As of June 30, 2008, the Company has repurchased 1,886,000 outstanding shares for an aggregate price of $10.0 million, an average per share price of $5.32.

CONFERENCE CALL

In conjunction with this release, Newpark has scheduled a conference call, which will be broadcast live over the Internet, on Friday, August 1, 2008 at 10:00 a.m. Eastern Time / 9:00 a.m. Central Time. To participate in the call, dial (303) 262-2130 and ask for the Newpark Resources conference call at least 10 minutes prior to the start time, or access it live over the Internet at www.newpark.com. For those who cannot listen to the live call, a replay will be available through August 8, 2008 and may be accessed by dialing (303) 590-3000 and using pass code 11115505#. Also, an archive of the webcast will be available shortly after the call at www.newpark.com for 90 days.

Newpark Resources, Inc. is a worldwide provider of drilling fluids, temporary worksites and access roads for oilfield and other commercial markets, and environmental waste treatment solutions. For more information, visit our website at www.newpark.com.

This news release contains forward-looking statements within the meaning of the Private Securities Litigation Reform Act that are based on management’s current expectations, estimates and projections. All statements that address expectations or projections about the future, including Newpark’s strategy for growth, product development, market position, expected expenditures and financial results are forward-looking statements. Some of the forward-looking statements may be identified by words like “expects,” “anticipates,” “plans,” “intends,” “projects,” “indicates,” and similar expressions. These statements are not guarantees of future performance and involve a number of risks, uncertainties and assumptions. Many factors, including those discussed more fully elsewhere in this release and in documents filed with the Securities and Exchange Commission by Newpark, particularly its Annual Report on Form 10-K for the year ended December 31, 2007, as well as others, could cause results to differ materially from those stated. These factors include, but are not limited to, Newpark’s successful completion of the proposed sale of the environmental business, the investigation of the certain accounting matters by the Securities and Exchange Commission; changes in the laws, regulations, policies and economic conditions, including inflation, interest and foreign currency exchange rates, of countries in which Newpark does business; competitive pressures; successful integration of structural changes, including restructuring plans, acquisitions, divestitures and alliances; cost of raw materials, research and development of new products, including regulatory approval and market acceptance; and seasonality of sales of Newpark products. Newpark’s filings with the Securities and Exchange Commission can be obtained at no charge at www.sec.gov, as well as through our website at www.newpark.com.

Newpark Resources, Inc.
Consolidated Statements of Operations

		Three Months								Six Months
(Unaudited)		Ended June 30,								Ended June 30,
(In thousands, except per share data)		2008				2007				2008				2007
Revenues		$	194,032			$	149,982			$	372,499			$	299,246
Cost of revenues			173,511				131,386				330,820				259,420
			20,521				18,596				41,679				39,826
General and administrative expenses			4,996				5,111				9,777				13,266
Operating income			15,525				13,485				31,902				26,560
Foreign currency exchange (gain) loss			(199	)			(331	)			97				(222	)
Interest expense, net			2,649				3,812				5,876				8,232
Income from continuing operations before income taxes			13,075				10,004				25,929				18,550
Provision for income taxes			4,410				3,859				8,587				6,636
Income from continuing operations			8,665				6,145				17,342				11,914
Income (loss) from discontinued operations, net of tax			1,337				(846	)			4,011				619
Net income		$	10,002			$	5,299			$	21,353			$	12,533
Basic weighted average common shares outstanding			88,762				89,979				89,454				89,907
Diluted weighted average common shares outstanding			89,073				90,671				89,671				90,359
Income per common share (basic and diluted):
Income from continuing operations		$	0.10			$	0.07			$	0.19			$	0.13
Income (loss) from discontinued operations			0.01				(0.01	)			0.05				0.01
Net income per common share		$	0.11			$	0.06			$	0.24			$	0.14

Newpark Resources, Inc.
Operating Segment Results

(Unaudited)		Three Months Ended
(In thousands)		June 30, 2008				March 31, 2008				June 30, 2007
Segment revenues
Fluids systems and engineering		$	169,128			$	157,216			$	131,163
Mats and integrated services			24,904				21,251				18,819
Total segment revenues		$	194,032			$	178,467			$	149,982
Segment operating income
Fluids systems and engineering		$	18,104			$	21,107			$	16,323
Mats and integrated services			2,417				51				2,273
Total segment operating income		$	20,521			$	21,158			$	18,596
Segment operating margin
Fluids systems and engineering			10.7	%			13.4	%			12.4	%
Mats and integrated services			9.7	%			0.2	%			12.1	%
Total segment operating margin			10.6	%			11.9	%			12.4	%

Newpark Resources, Inc.
Consolidated Balance Sheets

		June 30,				December 31,
(In thousands, except share data)		2008				2007
		(Unaudited)
ASSETS
Cash and cash equivalents		$	10,243			$	5,741
Receivables, net			174,974				141,949
Inventories			122,574				120,202
Deferred tax asset			27,383				28,439
Prepaid expenses and other current assets			12,846				12,131
Assets of discontinued operations			84,834				86,628
Total current assets			432,854				395,090
Property, plant and equipment, net			159,534				159,094
Goodwill			63,355				62,616
Deferred tax asset, net			399				408
Other intangible assets, net			16,648				18,474
Other assets			6,250				6,097
Total assets		$	679,040			$	641,779
LIABILITIES AND STOCKHOLDERS’ EQUITY
Foreign bank lines of credit		$	10,028			$	7,297
Current maturities of long-term debt			11,400				11,565
Accounts payable			67,331				62,505
Accrued liabilities			26,454				20,367
Liabilities of discontinued operations			11,687				10,456
Total current liabilities			126,900				112,190
Long-term debt, less current portion			157,787				158,616
Deferred tax liability			13,913				5,923
Other noncurrent liabilities			2,291				4,386
Total liabilities			300,891				281,115
Common Stock, $0.01 par value, 100,000,000 shares authorized 90,953,756 and 90,215,175 shares issued, respectively			909				902
Paid-in capital			453,481				450,319
Accumulated other comprehensive income			16,990				13,988
Retained deficit			(83,192	)			(104,545	)
Less treasury stock, at cost; 1,886,000 shares			(10,039	)			—
Total stockholders’ equity			378,149				360,664
Total Liabilities and Stockholders’ Equity		$	679,040			$	641,779

Newpark Resources, Inc.
Consolidated Statements of Cash Flows

(Unaudited)		Six Months Ended June 30,
(In thousands)		2008				2007
Cash flows from operating activities:
Net income		$	21,353			$	12,533
Adjustments to reconcile net income to net cash provided by operations:
Net income from discontinued operations			(4,011	)			(619	)
Depreciation and amortization			12,272				9,952
Stock-based compensation expense			2,314				1,197
Provision for deferred income taxes			9,119				5,883
Provision for doubtful accounts			1,336				549
Loss on sale of assets			445				795
Change in assets and liabilities:
Increase in receivables			(32,170	)			(5,569	)
Increase in inventories			(832	)			(2,488	)
Increase in other assets			(961	)			(1,083	)
Increase in accounts payable			3,431				10,068
Increase (decrease) in accrued liabilities and other			2,939				(7,400	)
Net operating activities of continuing operations			15,235				23,818
Net operating activities of discontinued operations			8,099				13,232
Net cash provided by operating activities			23,334				37,050
Cash flows from investing activities:
Capital expenditures			(11,465	)			(9,302	)
Proceeds from sale of property, plant and equipment			78				633
Net investing activities of continuing operations			(11,387	)			(8,669	)
Net investing activities of discontinued operations			(115	)			(2,230	)
Net cash used in investing activities			(11,502	)			(10,899	)
Cash flows from financing activities:
Net borrowings (payments) on lines of credit			2,098				(30,555	)
Principal payments on notes payable and long-term debt			(1,014	)			(6,080	)
Proceeds from exercise of stock options and ESPP			1,241				1,702
Purchase of treasury stock			(10,039	)			—
Net financing activities of continuing operations			(7,714	)			(34,933	)
Net financing activities of discontinued operations			(63	)			(31	)
Net cash used in financing activities			(7,777	)			(34,964	)
Effect of exchange rate changes			447				222
Net increase (decrease) in cash and cash equivalents			4,502				(8,591	)
Cash and cash equivalents at beginning of year			5,741				12,736
Cash and cash equivalents at end of year		$	10,243			$	4,145