Edition:
United States

Franks International NV (FI.N)

FI.N on New York Stock Exchange

7.67USD
22 Sep 2017
Change (% chg)

$0.10 (+1.32%)
Prev Close
$7.57
Open
$7.54
Day's High
$7.72
Day's Low
$7.54
Volume
199,839
Avg. Vol
381,494
52-wk High
$14.66
52-wk Low
$6.03

Latest Key Developments (Source: Significant Developments)

Frank's International Q2 revenue $118 million
Monday, 7 Aug 2017 07:30am EDT 

Aug 7 (Reuters) - Franks International Nv :Frank's International N.V. announces second quarter 2017 results.Q2 revenue $118 million versus I/B/E/S view $113.2 million.Q2 loss per share $0.12.Q2 earnings per share view $-0.11 -- Thomson Reuters I/B/E/S.Franks International - "for remainder of 2017, we expect to see continued positive trends in our international, U.S. onshore and Blackhawk businesses".  Full Article

Frank's International names Kyle Mcclure CFO
Wednesday, 7 Jun 2017 09:12am EDT 

June 7 (Reuters) - Franks International Nv :frank’s international n.v. Names kyle f. Mcclure chief financial officer.Board of supervisory directors has named kyle mcclure as chief financial officer, effective june 5, 2017.  Full Article

Franks International posts Q1 loss per share of $0.12
Tuesday, 2 May 2017 07:00am EDT 

May 2 (Reuters) - Franks International NV :Announces first quarter 2017 results.Q1 loss per share $0.12.Q1 revenue $111 million versus I/B/E/S view $107.8 million.Q1 earnings per share view $-0.11 -- Thomson Reuters I/B/E/S.Still face headwinds in U.S. Offshore and tubulars sales businesses.  Full Article

Frank's International confirms sale of common stock by certain members of the mosing family
Thursday, 23 Mar 2017 06:00am EDT 

Franks International Nv : Frank's International N.V. confirms sale of common stock by certain members of the mosing family and related family members . Franks International N.V. - following sale, members of mosing family and affiliated entities own an approximate 75pct interest in company. . Franks International N.V. - Morgan Stanley intends to make shares of Frank's International common stock available for re-sale to third parties . Franks International - entities controlled by certain members of mosing family have sold about 5.6 million shares of co's common stock to Morgan Stanley . Franks International- received notification entities controlled by certain members of mosing family sold about 5.6 million shares of co's stock to Morgan Stanley .Franks International N.V. - FRANK'S is not offering any stock in the transaction & will not receive any proceeds from sale of shares by family members.  Full Article

Frank’s International Q4 adjusted loss per share $0.18 excluding items
Thursday, 23 Feb 2017 07:30am EST 

Frank's International Nv : frank’s international n.v. Announces fourth quarter and full year 2016 results . Q4 adjusted loss per share $0.18 excluding items . Q4 loss per share $0.30 . Q4 revenue $108 million versus i/b/e/s view $107.5 million . Q4 earnings per share view $-0.13 -- Thomson Reuters I/B/E/S . Frank's international nv says qtrly results were adversely impact by reduced customer spending, particularly on offshore projects .Frank's international nv - capital expenditures for 2017 are estimated at $40.0 million.  Full Article

Frank's International NV says Douglas Stephens appointed CEO and president
Monday, 14 Nov 2016 08:26am EST 

Frank's International Nv : Says Douglas Stephens appointed ceo and president . Frank's International NV - Douglas Stephens succeeding Gary P. Luquette, effective November 15, 2016 - SEC filing .Frank's International - Luquette will remain an employee and serve as a special advisor to co through December 31, 2016.  Full Article

Frank's International to acquire Blackhawk Group Holdings for about $150 mln
Friday, 7 Oct 2016 08:11am EDT 

Frank's International Nv : Deal for approximately $150 million of cash on hand and approximately 12.8 million shares of company's common stock . Says Blackhawk will survive merger as a wholly-owned subsidiary of company . Bain capital and other stockholders of Blackhawk delivered a written consent adopting merger agreement . Entered into a definitive merger agreement to acquire blackhawk group holdings, inc. . Certain investment funds affiliated with Bain Capital Partners Llc currently own about 70% of capital stock of Blackhawk . If deal closes, co to place some shares comprising equity consideration in escrow as partial security for blackhawk's obligations .Merger agreement contains caps on certain losses arising under agreement of up to approximately 17% of transaction value.  Full Article

• Frank's International agrees to acquire Blackhawk Specialty Tools for about $321 mln
Friday, 7 Oct 2016 08:00am EDT 

Frank's International Nv : Frank's International agrees to acquire Blackhawk Specialty Tools, adding specialty cementing and well intervention services and products to business line . Merger consideration funded with cash on hand and Frank's equity .Transaction is valued at approximately $321 million.  Full Article

Frank's International conducting internal investigation of some foreign units operations in West Africa
Monday, 13 Jun 2016 08:34am EDT 

Frank's International Nv : Conducting an internal investigation of operations of certain of its foreign subsidiaries in West Africa . Conducting an internal investigation for possible violations of U.S. Foreign corrupt practices act, Co's policies and other laws . In June 2016, co voluntarily disclosed existence of extensive internal review to u.s. Sec and united states DOJ . Review does not indicate that there has been any material impact on company's previously filed financial statements ."Company continues to collect information and is unable to predict ultimate resolution of these matters" with agencies.  Full Article

Frank's International N.V. Announces Change of Chairman of the Board
Tuesday, 5 Jan 2016 06:13pm EST 

Frank's International NV:Says Donald Keith Mosing has resigned from his position as Executive Chairman of the Company's Supervisory Board of Directors effective December 31, 2015.Mosing will remain on the Supervisory Board as a Director, but will no longer perform day-to-day activities as an employee of the Company.  Full Article

BRIEF-Frank's International Q2 revenue $118 million

* Frank's International N.V. announces second quarter 2017 results