Welcome to our dedicated page for Fiserv news (Ticker: FI), a resource for investors and traders seeking the latest updates and insights on Fiserv stock.
Fiserv, Inc. reports developments tied to its payments and financial services technology business. Company news commonly covers operating results, investor conference participation, executive leadership and board changes, exchange-listing actions for common stock and senior notes, and updates involving account processing, digital banking, card issuer processing, network services, merchant acquiring, e-commerce, and the Clover point-of-sale and business management platform.
Fiserv updates also include payments data and product initiatives, including the Fiserv Small Business Index and digital asset payment services built around the company’s FIUSD platform. Partnership announcements reflect the company’s role as infrastructure provider for financial institutions, merchants, payment flows, and commerce technology.
Frank’s International N.V. (NYSE: FI) will host a conference call on May 4, 2021, at 10:00 a.m. CT to discuss its first quarter 2021 results. The earnings release will be issued prior to the call. Participants can join by dialing (800) 708-4540 or (847) 619-6397, with the call ID 50152344. A live webcast is available on the company’s website. An audio replay will be accessible approximately two hours post-call for 90 days. Founded in 1938, Frank’s provides specialized oil services across 40 countries, employing approximately 2,400 staff.
Expro Group and Frank's International announced a definitive all-stock merger agreement, where Expro shareholders will own approximately 65% of the combined entity. The merger aims to leverage both companies' market leadership in well access and flow optimization, enhancing operational capabilities across well construction and production services. With a projected pro forma revenue exceeding $1 billion and a debt-free balance sheet, the combined entity aims for cost synergies of up to $70 million within three years. The deal is expected to close by September 30, 2021, subject to shareholder and regulatory approvals.
Frank’s International (NYSE: FI) reported Q4 2020 revenue of $96.3 million, a 14.1% increase driven by a 22.9% revenue growth in the Tubular Running Services segment. The company achieved a net loss of $8.2 million, improving over 70% from the previous quarter, and generated adjusted EBITDA of $4.6 million. Full-year 2020 revenue decreased 32.7% to $390.4 million due to COVID-19 impacts, with a net loss of $156.2 million. Cost reduction initiatives resulted in over $143 million in savings. Liquidity stood at $233.8 million at year-end, marking a positive outlook for 2021.
Frank’s International N.V. (NYSE: FI) will host a conference call on February 23, 2021, at 10:00 a.m. CT to discuss its Q4 and full year 2020 results. The earnings release will be issued prior to the call. Participants can join by dialing (800) 708-4540 or (847) 619-6397, using conference ID 50078453. A live webcast will also be available on the company’s website. An audio replay will be accessible approximately two hours after the call for 90 days. Founded in 1938, Frank’s provides engineered tubular running services in around 40 countries, employing roughly 2,400 individuals.
Frank’s International N.V. reported a third quarter net loss of $27.8 million, representing a 19% improvement from the previous quarter. Revenue reached $84.4 million, with Tubulars segment performance partially offsetting declines in Tubular Running Services due to reduced drilling activity. Adjusted EBITDA was at ($1.0) million, reflecting improved cost management. Cash flows from operations were strong at $21.2 million, contributing to free cash flow of $15.7 million. The company anticipates more savings in 2021 and expects a rebound in revenue activity as rig operations increase.
Frank’s International N.V. (NYSE: FI) will host a conference call on November 3, 2020, at 10:00 a.m. CT to discuss its third quarter 2020 results. An earnings release will precede the call, providing key financial insights. Participants can join via phone or live webcast on the company's website, where a replay will also be available post-call. Frank's International specializes in engineered tubular services and operates in about 50 countries, employing around 2,400 staff.
Frank’s International N.V. (NYSE: FI) reported Q1 2020 results with revenues of $123.5 million, down from previous quarters, impacted by rig moves and COVID-19 challenges. The company faced a net loss of $86 million, including $75.7 million in non-cash charges. To counteract losses, Frank’s has implemented cost-cutting initiatives, aiming for over $60 million savings and a 50% reduction in capital expenditures. The company maintains a strong balance sheet with $218 million in liquidity and no debt, while focusing on technology differentiation and operational efficiency.