Credit Suisse Downgrades Frank's International (FI) to Neutral

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Go back to Credit Suisse Downgrades Frank's International (FI) to Neutral

Frank’s International N.V. Announces Third Quarter 2015 Results

November 3, 2015 9:14 AM EST

Third quarter revenue and Adjusted EBITDA were $239.9 million and $73.3 million, respectively, representing a 30.6% EBITDA marginActivity levels in the quarter were stable in U.S. Offshore; declined in U.S. Land and the International segment, particularly in West Africa Delivered record Tubular Sales revenue and Adjusted EBITDA of $62.4 million and $16.0 million, respectivelyGenerated positive free cash flow of $62.0 million, the ninth consecutive quarter of positive free cash flow

HOUSTON, Nov. 03, 2015 (GLOBE NEWSWIRE) -- Franks International N.V. (NYSE: FI) (the Company) today reported revenues of $239.9... More