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, Principal Accounting Officer
Scott A. McCurdy
President, Blackhawk Specialty Tools
John Symington
Senior Vice President, Chief Compliance Officer, General Counsel, Secretary
Nigel Malcolm Lakey
Senior Vice President, Technology
Steven J. Russell
Senior Vice President, Operations
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 nine months ended 30 September 2019, Franks International NV revenues increased 17% to $440.5M. Net loss decreased 10% to $67.2M. Revenues reflect Tubular Running Ser segment increase from $78.9M to $307M, Cementing Equipment segment increase from $19M to $80M, Tubular Sales segment increase of 20% to $53.5M, United States segment increase from $70.2M to $222.6M.
Employees: 3,100 as of Dec 31, 2018
Reporting Currency: U.S. Dollars
Enterprise value: $745.83M as of Sep 30, 2019
Annual revenue (TTM): $586.33M as of Sep 30, 2019
EBITDA (TTM): $39.69M as of Sep 30, 2019
Net annual income (TTM): -$83.13M as of Sep 30, 2019
Free cash flow (TTM): -$57.66M as of Sep 30, 2019
Net Debt Last Fiscal Year: N/A
Shares outstanding: 225,503,348 as of Oct 31, 2019
TTM: Trailing Twelve Months
EBITDA: Earnings Before Interest, Taxes, Depreciation, & Amortization