Frank's International (FI) Misses Q1 EPS by 1c

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Go back to Frank's International (FI) Misses Q1 EPS by 1c

Frank’s International N.V. Announces First Quarter 2017 Results

May 2, 2017 7:01 AM EDT

Revenue of $111 million, up 3% sequentially from the fourth quarter 2016U.S. onshore revenues up 16% sequentiallyStrong growth in West Africa and Latin America drove International segment revenues higher 2% sequentially

HOUSTON, May 02, 2017 (GLOBE NEWSWIRE) -- Franks International N.V. (NYSE: FI) (the Company or Franks) today reported revenues of $110.7 million and net loss of $26.7 million, or $0.12 per share, for the three months ended March 31, 2017. Adjusted EBITDA for the quarter was $1.5 million or 1.4% of revenue. 

The increase in U.S. onshore rig activity... More