Frank's International (FI) Misses Q4 EPS by 5c

Go back to Frank's International (FI) Misses Q4 EPS by 5c

Frank’s International N.V. Announces Fourth Quarter and Full Year 2016 Results

February 23, 2017 7:30 AM EST

HOUSTON, Feb. 23, 2017 (GLOBE NEWSWIRE) -- Franks International N.V. (NYSE: FI) (the Company or Franks) today reported revenues of $108.0 million and net loss of $66.2 million, or $0.30 per share, for the three months ended December 31, 2016. Adjusted loss per share for the fourth quarter was $0.18, excluding $17.2 million in severance and other charges and $9.8 million in merger and acquisition associated costs, net of tax, with weighted average shares outstanding of 218.1 million. Excluded items are referenced in the non-GAAP reconciliation included in this release. Adjusted EBITDA for the quarter was $5.0 million or 4.6% of revenue. 

... More