Franks international reports q4 adjusted ebitda of $14.7 million

Frank’s international n.v. announces fourth quarter and full year 2019 results.q4 revenue $139.4 million versus refinitiv ibes estimate of $143.9 million.says net loss of $168.1 million for the fourth quarter.q4 loss impacted by a $111.1 million non-cash impairment charge related to goodwill.expects to see significant growth in tubulars in 2020 driven by introduction of new technologies.estimates total capex for 2020 to range between $45.0 million and $55.0 million.will adjust its capital plan according to latest market activity forecast.during 2020 will begin implementation plans on an incremental $15 million in annualized savings for 2021.says free cash flow generation of $8.6 million during q4.says adjusted ebitda for the quarter of $14.7 million.
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