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Frank’s International N.V. Announces Third Quarter 2019 Results

November 5, 2019 7:01 AM EST

HOUSTON, Nov. 05, 2019 (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, 2019. 

Third Quarter 2019 Financial Highlights

Revenue for the quarter totaled $140.4 million, a decrease from the prior quarter of 10% due to declines in U.S. onshore and other markets. Revenue improved 9% from the prior year quarter.Net loss of $23.8 million for the third quarter period eroded from... More