Frank's International (FI) Misses Q2 EPS by 4c

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Go back to Frank's International (FI) Misses Q2 EPS by 4c

Frank’s International N.V. Announces Second Quarter 2020 Results

August 4, 2020 7:01 AM EDT

HOUSTON, Aug. 04, 2020 (GLOBE NEWSWIRE) -- Franks International N.V. (NYSE: FI) (the Company or Franks) today reported financial and operational results for the three and six months ended June 30, 2020.

Second Quarter 2020 Financial Highlights

Second quarter net loss of $34.2 million improved over prior period resulting from market-related impairments taken in the first quarter of 2020.
Second quarter revenue of $86.1 million and Adjusted EBITDA of ($1.7) million reflecting decremental margin of 24% driven by cost reductions.... More