Frank's International (FI) Misses Q3 EPS by 2c, Revenues Miss
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Frank’s International N.V. Announces Third Quarter 2020 Results
November 3, 2020 7:00 AM ESTHOUSTON, Nov. 03, 2020 (GLOBE NEWSWIRE) -- Franks International N.V. (NYSE: FI) (the Company or Franks) today reported financial and operational results for the three and nine months ended September 30, 2020.
Third Quarter 2020 Financial Highlights
Third quarter net loss of $27.8 million, a 19% improvement compared to the prior quarter. Third quarter revenue of $84.4 million with strong performance in the Tubulars segment partially offsetting declines in the Tubular Running Services segment related to drilling activity declines quarter over quarter.Adjusted EBITDA of ($1.0) million improving from the prior quarter reflecting incremental margin... More