Ranger Energy Services, Inc. Announces Q2 2020 Results
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Ranger Industries, Inc. (RNGR) Misses Q2 EPS by 5c, Revenues Miss
July 23, 2020 5:35 PM EDTRanger Industries, Inc. (NYSE: RNGR) reported Q2 EPS of ($0.58), $0.05 worse than the analyst estimate of ($0.53). Revenue for the quarter came in at $30.7 million versus the consensus estimate of $39.88 million.
CEO Comments
Despite the speed and intensity of the recent downturn, our management teams extraordinary efforts allowed us to deliver Q2 results that featured both positive EBITDA and positive cash flow alongside near stable sequential segment margins.
As discussed last quarter, when market conditions changed late Q1, our team aggressively took the difficult, yet necessary steps in response. We immediately downsized our... More
