Franks International NV (N:FI)

Business Focus: Oil Related Services and Equipment

Sector:  Energy Industry:  Oil Related Services and Equipment
See Regulatory Filings on SEC
Company Contact
Address: Mastenmakersweg 1
Tel: 1-713-2312515
IR: See website
Key People
Michael Charles Kearney
Chairman of the Supervisory Board, President, Chief Executive Officer
Melissa Cougle
Chief Financial Officer, Senior Vice President
John Symington
Senior Vice President, Chief Compliance Officer, General Counsel, Secretary
Steven J. Russell
Senior Vice President - Operations, Managing Director
Nigel Malcolm Lakey
Senior Vice President, Technology
Business Overview
Frank's International N.V. (FINV) is a provider of engineered tubular services, tubular fabrication and specialty well construction and well intervention solutions to the oil and gas industry. The Company operates through four business segments: International Services, U. S. Services, Tubular Sales and Blackhawk. As of December 31, 2016, the International Services segment provided tubular services in international offshore markets and in several onshore international regions in approximately 60 countries on six continents. The U.S. Services segment provides tubular services. The Blackhawk segment provides well construction and well intervention rental equipment, services and products, in addition to the cementing tool expertise, in the United States and Mexican Gulf of Mexico, onshore United States and other select international locations.
Financial Overview
For the six months ended 30 June 2020, Franks International NV revenues decreased 30% to $209.6M. Net loss increased from $43.4M to $120.2M. Revenues reflect Tubular Running Ser segment decrease of 26% to $151.8M, Tubular Sales segment decrease of 48% to $21.3M, Cementing Equipment segment decrease of 33% to $36.5M, United States segment decrease of 46% to $84.6M, Europe/Middle East/Africa segment decrease of 24% to $57.3M.
Employees: 3,100 as of Dec 31, 2019
Reporting Currency: U.S. Dollars
Enterprise value: $191.52M as of Jun 30, 2020
Annual revenue (TTM): $489.45M as of Jun 30, 2020
EBITDA (TTM): $22.04M as of Jun 30, 2020
Net annual income (TTM): -$312.11M as of Jun 30, 2020
Free cash flow (TTM): $8.62M as of Jun 30, 2020
Net Debt Last Fiscal Year: N/A
Shares outstanding: 226,142,257 as of Jul 28, 2020
TTM: Trailing Twelve Months
EBITDA: Earnings Before Interest, Taxes, Depreciation, & Amortization

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