FTS International Announces First Quarter 2019 Financial and Operational Results
FTS International, Inc. Class A (FTSI)
Last fts international, inc. class a earnings: 4/29 06:15 pm
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US:NYSE Investor Relations:
ftsi.com/investor-relations/default.aspx
Company Research
Source: Business Wire
FORT WORTH, Texas--(BUSINESS WIRE)-- FTS International, Inc. (NYSE: FTSI) (the “Company” or “FTSI”) today reported its financial and operational results for the first quarter of 2019. Michael Doss, FTSI’s Chief Executive Officer, commented “We are pleased with our operational performance in the first quarter despite a challenging market environment. Stages completed per active fleet improved 8% compared to the prior quarter, while pricing for our services fell due to the continued over supply of HHP in the market. The pipeline of opportunities has steadily increased from the start of the year, but we continued to take a measured approach and walked away from a number of opportunities due to unsustainable profitability. Our primary focus in the second quarter is to rationalize underperforming fleets, converting them to more profitable work. Also included in our first quarter results was th
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