Frank's International (FI) Misses Q1 EPS by 2c

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Frank’s International N.V. Announces First Quarter 2021 Results

May 4, 2021 7:00 AM EDT

HOUSTON, May 04, 2021 (GLOBE NEWSWIRE) -- Franks International N.V. (NYSE: FI) (the Company or Franks) today reported financial and operational results for the three months ended March 31, 2021.

First Quarter 2021 Financial Highlights

Delivered first quarter revenue of $94.8 million, in line with expectations and fourth quarter 2020 revenue of $96.3 million.First quarter net loss totaled $23.9 million driven by merger and acquisition expense, higher tax expense, and foreign currency losses from a strengthening U.S.... More