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: 1-713-2312463
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
Nigel Malcolm Lakey
President - Tubular and Drilling Technologies
Scott A. McCurdy
President, Blackhawk Specialty Tools
Steven J Russell
President -Tubular Running Services
John Symington
Senior Vice President, Chief Compliance Officer, General Counsel, Secretary
Blake Holcomb
Director, Investor Relations
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 2019, Franks International NV revenues increased 21% to $300.1M. Net loss decreased 36% to $43.4M. Revenues reflect Tubular Running Ser segment increase from $78.9M to $204.7M, Cementing Equipment segment increase from $19M to $54.4M, Tubular Sales segment increase of 29% to $41M. Lower net loss reflects Tubular Running Ser segment income totaling $8.8M vs. loss of $16.9M.
Employees: 3,100 as of Dec 31, 2018
Reporting Currency: U.S. Dollars
Enterprise value: $963.48M as of Jun 30, 2019
Annual revenue (TTM): $574.90M as of Jun 30, 2019
EBITDA (TTM): $33.50M as of Jun 30, 2019
Net annual income (TTM): -$66.34M as of Jun 30, 2019
Free cash flow (TTM): -$74.62M as of Jun 30, 2019
Net Debt Last Fiscal Year: N/A
Shares outstanding: 225,341,713 as of Jul 31, 2019
TTM: Trailing Twelve Months
EBITDA: Earnings Before Interest, Taxes, Depreciation, & Amortization