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. (NASDAQ: FI) is a prominent American multinational corporation headquartered in Brookfield, Wisconsin. With a rich history in the financial technology sector, Fiserv provides a broad range of services to banks, credit unions, securities broker-dealers, mortgage companies, insurance firms, leasing and finance companies, and retailers.
As a leading provider of core processing and complementary services, Fiserv specializes in electronic funds transfer, payment processing, and loan processing. These services are critical for small and midsize banks and credit unions, helping them manage their day-to-day operations efficiently.
In 2019, Fiserv significantly expanded its capabilities by merging with First Data, a move that strengthened its position in the payment processing sector, particularly for merchants. This merger has allowed Fiserv to offer a more comprehensive suite of payment solutions and enhance its service offerings.
Despite being primarily focused on the US market, approximately 10% of Fiserv's revenue is generated from international operations. This global reach ensures that the company remains a key player in the financial technology landscape worldwide.
Fiserv's dedication to innovation and customer satisfaction has led to numerous recent achievements. The company continues to invest in new technologies and partnerships to stay ahead in the competitive fintech market. Current projects include the development of advanced payment solutions, improved security measures, and enhanced digital banking platforms.
Financially, Fiserv maintains a strong position with consistent revenue growth and robust financial health. The company's strategic initiatives and operational efficiencies contribute to its long-term stability and growth potential.
Frank’s International N.V. (NYSE: FI) reported a second quarter revenue of $107.8 million, marking a 14% increase from the previous quarter and 25% year-over-year. The net loss improved to $12.6 million from $23.9 million. Adjusted EBITDA reached $12.4 million, an 85% increase sequentially. The company is on track for a strategic merger with Expro Group to enhance its energy services portfolio. Revenue growth was noted across all segments, with significant contributions from U.S. Gulf of Mexico and geothermal energy projects, indicating strong operational momentum.
Frank's International (NYSE: FI) announced it received the inaugural 2021 Most Valuable Partner Award from a major operator for its outstanding service in Guyana. The award recognized Frank's achievement in Safety, Security, Health, and Environment (SSHE) Excellence, Reliability, Adaptability, and Proactivity. Their customized solutions facilitated faster casing runs while ensuring personnel safety. The company achieved an impressive 99.8% uptime and saved five hours in operations thanks to effective planning and execution by its Tubular Running Services, Cementing, and Well Integrity teams.
Frank's International N.V. (NYSE: FI) announced its upcoming conference call to discuss second quarter 2021 results, scheduled for August 3, 2021, at 10:00 a.m. CT. The earnings release will precede the call, and participants can join by phone or via a live webcast on the company's website. Frank's International, founded in 1938, specializes in tubular running services and solutions for complex wells, employing approximately 2,400 staff across 40 countries. An audio replay of the call will be available for 90 days post-event.
Frank’s International N.V. (NYSE: FI) reported Q1 2021 results with revenue of $94.8 million, slightly down from $96.3 million in Q4 2020. The company recorded a net loss of $23.9 million influenced by acquisition costs and foreign currency losses. Adjusted EBITDA improved by 44.1% to $6.7 million, driven by increased customer activity, particularly in the Tubular Running Services segment. A three-year contract extension in the Gulf of Mexico and a merger with Expro Group are also notable developments. Q2 forecasts predict growth in tubular deliveries and drilling activities.
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.
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