Frank’s International N.V. Announces Fourth Quarter and Full Year 2020 Results
Last frank's intl nv earnings: 2/25 07:00 am
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US:NYSE Investor Relations: investor.franksinternational.com/investor-overview
HOUSTON, Feb. 23, 2021 (GLOBE NEWSWIRE) -- Frank’s International N.V. (NYSE: FI) (the “Company” or “Frank’s”) today reported financial and operational results for the three and twelve months ended December 31, 2020. Fourth Quarter 2020 Financial Highlights Delivered fourth quarter revenue of $96.3 million, a 14.1% increase over the prior period, primarily driven by 22.9% sequential revenue improvement in our Tubular Running Services segment.Fourth quarter net loss of $8.2 million, an improvement of more than 70% over the prior period.Generated fourth quarter Adjusted EBITDA of $4.6 million, moving the company back into positive territory compared to the prior two quarters, with profitability improving across all operating segments due to higher customer activity levels and continued realization of cost savings.Fourth quarter cash flows from operating activities totaled $14.3 million generating free cash flow of $11.6 million driven by a relentless focus on working capital, cost re
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News
- Frank's International (<a href="https://www.marketbeat.com/stocks/NYSE/FI/price-target/">NYSE: FI</a>) was upgraded by analysts at Zacks Investment Research from a "hold" rating to a "buy" rating. They now have a $5.25 price target on thMarketBeat
- Frank's International N.V. (FI) CEO Mike Kearney on Q4 2020 Results - Earnings Call Transcript [Seeking Alpha]Seeking Alpha
- Frank's International N.V. (FI) Q4 2020 Earnings Call Transcript [The Motley Fool]The Motley Fool
- Frank's International (<a href="https://www.marketbeat.com/stocks/NYSE/FI/price-target/">NYSE: FI</a>) was downgraded by analysts at Zacks Investment Research from a "hold" rating to a "sell" rating.MarketBeat
- Frank’s International N.V. Schedules Fourth Quarter and Full Year 2020 Earnings Release and Conference CallGlobeNewswire
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FI
SEC Filings
- 2/24/21 - Form 4
- 2/24/21 - Form 4
- 2/24/21 - Form 4
- FI's page on the SEC website
- More