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Stock impact report

Frank’s International N.V. Announces Fourth Quarter and Full Year 2020 Results

Frank's Intl NV (FI)  More Company Research Source: GlobeNewswire
Last frank's intl nv earnings: 2/25 07:00 am Check Earnings Report
PDF 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 [Read more]
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