Frank's Sees Best Quarter in Years on Broad-Based Improvement
Frank's International had an excellent second quarter, with revenue improving 14% sequentially and adjusted EBITDA margins moving to 7% from negative 5% previously. Much of the improvement (particularly on the top line) came from the Blackhawk segment, which Frank's acquired in late 2016. However, even excluding Blackhawk, Frank's still achieved its best companywide result in two years, owing to broad improvement in tubular running services, driven by improving oilfield activity levels across gl...
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