Stock Monitor: Star Group Post Earnings Reporting
LONDON, UK / ACCESSWIRE / December 14, 2017 / Active-Investors free earnings report on Frank's International N.V. (NYSE: FI) has freshly been issued to its members, and you can also sign up to view this report at www.active-investors.com/registration-sg/?symbol=FI. The Company posted its financial results on November 02, 2017, for the third quarter of the fiscal year 2017. The oil and gas pipeline provider's adjusted EPS was in-line with analysts' expectations. Register today and get free access to our complimentary member's area where many more reports are available:
Active-Investors.com is currently working on the research report for Star Group, L.P. (NYSE: SGU), which also belongs to the Basic Materials sector as the Company Frank's Intl. Do not miss out and become a member today for free to access this upcoming report at:
Active-Investors.com is focused on giving you timely information and the inside line on companies that matter to you. This morning, Frank's International most recent news is on our radar and we have decided to include it on our blog post. Today's free coverage is available at:
Earnings Highlights and Summary
For the three months ended September 30, 2017, Frank's International's total revenues increased 2.8% to $108.08 million from $105.11 million in Q3 FY16. The Company's total revenue numbers were below analysts' expectations of $120.2 million.
For the reported quarter, the Company's Equipment Rentals and Services revenue increased 8% to $92.55 million from $85.70 million in Q3 FY16. During Q3 FY17, the Company's Products revenue decreased 20% to $15.54 million from $19.42 million in the same period of last year.
During Q3 FY17, Frank's International's gross profit increased 14.4% to $36.35 million from $31.78 million in the comparable period of last year. For the reported quarter, the Company's gross margin increased 340 basis points to 33.6% of revenue from 30.2% of revenue in the third quarter of last year.
During Q3 FY17, Frank's International's adjusted earnings before interest, tax, depreciation, and amortization (EBITDA) was positive $1.97 million compared to negative $1.30 million in the corresponding period of last year.
During Q3 FY17, Frank's International's operating loss was $35.08 million compared to an operating loss of $48.93 million in the same period of last year. During Q3 FY17, Frank's International's earnings before tax (EBT) was positive $89.91 million compared to negative $49.0 million in Q3 FY16.
For the reported quarter, Frank's International's net income was $2.30 million compared to a net loss of $36.98 million in Q3 FY16. During Q3 FY17, the Company's diluted earnings per share (EPS) was positive $0.01 versus negative $0.21 in the same period of last year. For the reported quarter, Frank's International's adjusted net loss was $25.49 million compared to an adjusted net loss of $25.06 million in Q3 FY16. During Q3 FY17, the Company's adjusted diluted EPS was negative $0.11 compared to negative $0.14 in Q3 FY16, meeting analysts' expectations of negative $0.11.
International Services - During Q3 FY17, the Company's International Services segment's revenue increased 5.3% to $53.74 million from $51.03 million in the comparable period of last year. For the reported quarter, the segment's adjusted EBITDA increased 146.1% to $11.15 million from $4.53 million in Q3 FY16.
US Services - During Q3 FY17, the Company's US Services segment's revenue decreased 14.7% to $29.07 million from $34.06 million in the corresponding period of last year. For the reported quarter, the segment's adjusted EBITDA was negative $11.32 million compared to negative $6.00 million in Q3 FY16.
Tubular Sales - During Q3 FY17, the Company's Tubular Sales segment's revenue decreased 61.5% to $7.70 million from $20.03 million in the same period of last year. For the reported quarter, the segment's adjusted EBITDA was negative $1.33 million compared to positive $165 million in Q3 FY16.
Blackhawk - During Q3 FY17, the Company's Blackhawk segment's revenue decreased 2.9% to $17.58 million from $18.11 million in Q2 FY17, due to lower onshore product sales. For the reported quarter, the segment's adjusted EBITDA increased 17.2% to $3.48 million from $2.97 million in Q2 FY17.
As on September 30, 2017, Frank's International's cash and cash equivalents decreased 27% to $233.34 million from $319.53 million as on December 31, 2016. For the reported quarter, the Company's total debt decreased 68.5% to $87 million from $276 million in Q4 FY16.
During Q3 FY17, the Company's cash provided by operating activities was positive $32.05 million versus negative $30.19 million in the comparable period of last year. During Q3 FY17, the Company's free cash flow was positive $37.14 million compared to negative $41.32 million in the corresponding period of last year.
Stock Performance Snapshot
December 13, 2017 - At Wednesday's closing bell, Frank's International's stock declined 1.79%, ending the trading session at $6.04.
Volume traded for the day: 1.15 million shares.
After yesterday's close, Frank's International's market cap was at $1.34 billion.
The stock has a dividend yield of 4.97%.
The stock is part of the Basic Materials sector, categorized under the Oil & Gas Pipelines industry. This sector was up 0.3% at the end of the session.
Active-Investors (A-I) produces regular sponsored and non-sponsored reports, articles, stock market blogs, and popular investment newsletters covering equities listed on NYSE and NASDAQ and Canadian stocks. A-I has two distinct and independent departments. One department produces non-sponsored analyst certified content generally in the form of press releases, articles and reports covering equities listed on NYSE and NASDAQ and the other produces sponsored content (in most cases not reviewed by a registered analyst), which typically consists of compensated investment newsletters, articles, and reports covering listed stocks and micro-caps. Such sponsored content is outside the scope of procedures detailed below.
A-I has not been compensated; directly or indirectly; for producing or publishing this document.
PRESS RELEASE PROCEDURES:
The non-sponsored content contained herein has been prepared by a writer (the "Author") and is fact checked and reviewed by a third-party research service company (the "Reviewer") represented by a credentialed financial analyst [for further information on analyst credentials, please email email@example.com. Rohit Tuli, a CFA® charter holder (the "Sponsor"), provides necessary guidance in preparing the document templates. The Reviewer has reviewed and revised the content, as necessary, based on publicly available information which is believed to be reliable. Content is researched, written and reviewed on a reasonable effort basis. The Reviewer has not performed any independent investigations or forensic audits to validate the information herein. The Reviewer has only independently reviewed the information provided by the Author according to the procedures outlined by A-I. A-I is not entitled to veto or interfere in the application of such procedures by the third-party research service company to the articles, documents or reports, as the case may be. Unless otherwise noted, any content outside of this document has no association with the Author or the Reviewer in any way.
A-I, the Author, and the Reviewer are not responsible for any error which may be occasioned at the time of printing of this document or any error, mistake or shortcoming. No liability is accepted whatsoever for any direct, indirect or consequential loss arising from the use of this document. A-I, the Author, and the Reviewer expressly disclaim any fiduciary responsibility or liability for any consequences, financial or otherwise arising from any reliance placed on the information in this document. Additionally, A-I, the Author, and the Reviewer do not (1) guarantee the accuracy, timeliness, completeness or correct sequencing of the information, or (2) warrant any results from use of the information. The included information is subject to change without notice.
NOT AN OFFERING
This document is not intended as an offering, recommendation, or a solicitation of an offer to buy or sell the securities mentioned or discussed, and is to be used for informational purposes only. Please read all associated disclosures and disclaimers in full before investing. Neither A-I nor any party affiliated with us is a registered investment adviser or broker-dealer with any agency or in any jurisdiction whatsoever. To download our report(s), read our disclosures, or for more information, visit http://active-investors.com/legal-disclaimer/.
For any questions, inquiries, or comments reach out to us directly. If you're a company we are covering and wish to no longer feature on our coverage list contact us via email and/or phone between 09:30 EDT to 16:00 EDT from Monday to Friday at:
Phone number: 73 29 92 6381
Office Address: 6, Jalan Kia Peng, Kuala Lumpur, 50450 Kuala Lumpur, Wilayah Persekutuan Kuala Lumpur, Malaysia
CFA® and Chartered Financial Analyst® are registered trademarks owned by CFA Institute.