Frank’s International, which went public last year, this week reported net income of $350.8 million revenues of $1.08 billion in 2013. Diluted earnings per share were $1.85 per share with weighted average shares outstanding of 185.5 million. Adjusted earnings before interest, taxes, depreciation and amortization (EBITDA) were $438.7 million, including $12.5 million in bad debt expenses.

MAY 9319For the fourth quarter, the company had $282.1 million in revenues and net income of $76.4 million. Diluted earnings per share were 36 cents, with weighted average shares outstanding of 207.3 million. EBITDA was $110.2 million.

Said Keith Mosing, Frank’s International’s chairman, president and CEO, in announcing the earnings: “2013 was an exciting year for Frank’s International. In August we took the company public after 75 years as a family company, and then we finished the year growing revenue by four percent on top of record revenue in 2012. Our fourth quarter results exceeded our own expectations, primarily due to higher than expected offshore work in the Gulf of Mexico and internationally. For 2014, we believe we are well positioned to meet the continued increasing exploration and development activity, specifically offshore.”

2013 highlights:
• Revenue was $1.08 billion, up 3.7% year-over-year
• International Services revenue was $475.3 million, up 1.7% year-over-year
• U.S. Services revenue was $434.9 million, up 2.9% year-over-year
• Tubular Sales revenue was $167.5 million, up 12.1% year-over-year
• Adjusted EBITDA totaled $438.7 million with Adjusted EBITDA margin of 40.7%

Read the full year and fourth quarter earnings report here.

To post a comment, please log into your IND account. If you do not have an account, click the "register" button to create one. Facebook comments can be used as an alternative to creating an account at

feed-image RSS Feed
ABiz Stock Watch
o Home Bancorp 23.15 ▲0.05 (0.22%)
o Frank's International 19.53 ▼0.40 (-2.01%)
o IberiaBank Corp 67.58 ▲0.08 (0.12%)
o LHC Group 23.96 ▼0.11 (-0.46%)
o MidSouth Bancorp 18.69 ▼0.11 (-0.59%)
o Petroquest Energy 4.11 ▲0.11 (2.75%)
o PHI Inc. 41.27 0.00 (0.00%)
o Superior Energy 23.38 ▼0.84 (-3.47%)
o Stone Energy 20.83 ▼0.78 (-3.61%)
o Facebook Inc. 77.62 ▲1.99 (2.63%)
o Twitter Inc. 41.13 ▲1.37 (3.45%)
o Gannett 32.74 ▲0.48 (1.49%)

Home Bancorp

Company ID [NYSE:HBCP] Last trade:23.15 Trade time:4:08PM EST Value change:▲0.05 (0.22%)

Frank's International

Company ID [NYSE:FI] Last trade:19.53 Trade time:4:06PM EST Value change:▼0.40 (-2.01%)

IberiaBank Corp

Company ID [NYSE:IBKC] Last trade:67.58 Trade time:4:08PM EST Value change:▲0.08 (0.12%)

LHC Group

Company ID [NYSE:LHCG] Last trade:23.96 Trade time:4:08PM EST Value change:▼0.11 (-0.46%)

MidSouth Bancorp

Company ID [NYSE:MSL] Last trade:18.69 Trade time:4:00PM EST Value change:▼0.11 (-0.59%)

Petroquest Energy

Company ID [NYSE:PQ] Last trade:4.11 Trade time:4:03PM EST Value change:▲0.11 (2.75%)

PHI Inc.

Company ID [NYSE:PHII] Last trade:41.27 Trade time:2:42PM EST Value change:0.00 (0.00%)

Superior Energy

Company ID [NYSE:SPN] Last trade:23.38 Trade time:4:06PM EST Value change:▼0.84 (-3.47%)

Stone Energy

Company ID [NYSE:SGY] Last trade:20.83 Trade time:4:05PM EST Value change:▼0.78 (-3.61%)

Facebook Inc.

Company ID [NYSE:FB] Last trade:77.62 Trade time:4:08PM EST Value change:▲1.99 (2.63%)

Twitter Inc.

Company ID [NYSE:TWTR] Last trade:41.13 Trade time:4:01PM EST Value change:▲1.37 (3.45%)


Company ID [NYSE:GCI] Last trade:32.74 Trade time:4:03PM EST Value change:▲0.48 (1.49%)

Read the Flipping Paper!

Click Here for the Entire Print Version of