- Revenues for the First Quarter Increased 25.7 Percent over Prior Year
- Diluted EPS for the First Quarter Increased by 16.0 Percent to $0.29, Compared to $0.25 in the First Quarter of the Prior Year.
RPC Inc. announced its unaudited results for the first quarter ended March 31, 2007. RPC provides a broad range of specialized oilfield services and equipment primarily to independent and major oilfield companies engaged in the exploration, production and development of oil and gas properties throughout the United States and in selected international markets.
For the quarter ended March 31, 2007, revenues increased 25.7 percent to $171,045,000 compared to $136,024,000 in the first quarter last year. Operating profit for the quarter was $43,985,000 compared to $39,517,000 in the prior year. Net income was $28,045,000 or $0.29 diluted earnings per share, compared to $24,900,000, or $0.25 diluted earnings per share last year. Earnings before interest, taxes, depreciation and amortization (EBITDA) increased by 19.1 percent to $60,145,000 compared to $50,483,000 in the prior year.(1)
complete this article visit at : biz.yahoo.com
Your Ads At Here
