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Free Post Earnings Research Report: Frank’s International’s Revenue Grew 2.8%

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:

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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:

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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:

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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.

Segment Details

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.

Balance Sheet

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.

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