Entering text into the input field will update the search result below

FTS International, Inc. (FTSI) CEO Mike Doss on Q1 2020 Results - Earnings Call Transcript

SA Transcripts profile picture
SA Transcripts

FTS International, Inc. (NYSE:FTSI) Q1 2020 Results Earnings Conference Call April 30, 2020 10:00 AM ET

Company Participants

Mike Doss - Chief Executive Officer

Lance Turner - Chief Financial Officer, Treasurer

Conference Call Participants

Dhruv Kharbanda - Tudor, Pickering, Holt & Co.

Stephen Gengaro - Stifel

Andrew Ginsburg - R.W. Pressprich

David Honeycutt - Amundi Pioneer

John Daniel - Daniel Energy

Stan Manoukian - Independent Credit Research

Dan Kutz - Morgan Stanley


Thank you and good morning everyone. We appreciate you joining us for the FTS International conference call and webcast to review first quarter 2020 results. As a reminder, this conference is being recorded for replay purposes. Presenting today's prepared remarks is Mike Doss, CEO, who will also be joined by Lance Turner, CFO and Buddy Petersen, COO, for the Q&A portion of the call.

Before we begin, I would like to remind everyone that comments made on today's call that include management's plans, intentions, beliefs, expectations, anticipations or predictions for the future are forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. These forward-looking statements are subject to risks and uncertainties that could cause the company's actual results to differ materially from those expressed in any forward-looking statement.

These risks and uncertainties are discussed in the company's Annual Report on Form 10-K and in other reports the company files with the SEC. Except as required by law, the company does not undertake any obligation to publicly update or revise any forward-looking statements. The company's SEC filings may be obtained by contacting the company and are available on the company's website, ftsi.com and on the SEC's website, sec.gov.

This conference also includes discussions of non-GAAP financial measures. Our earnings release includes further information about these non-GAAP financial measures as well as reconciliations of these

Recommended For You

Comments (2)

Thinking of taking a tax loss in another highly challenged oil/gas name and moving the proceeds here. Can anyone handicap their survival and if so do you see dilution and to what degree? Like the roughly 200 mil in cash but see the 400 mil in debt coming in 2022.
Bonds are trading a very steep discounts so I think it's possible for them to buy back most of their debt. So they may not need dilution. Though I'd expect some.

Activity dropped very significantly and so it'll be absolutely critical that they see a steep recovery in a few months. I've been holding shares since last year so it's been a painful ride. I do hope they can turn things around.
To report an error in this transcript, .Contact us to add your company to our coverage or use transcripts in your business. Learn more about Seeking Alpha transcripts here. Your feedback matters to us!

More on FTSI

To ensure this doesn’t happen in the future, please enable Javascript and cookies in your browser.
Is this happening to you frequently? Please report it on our feedback forum.
If you have an ad-blocker enabled you may be blocked from proceeding. Please disable your ad-blocker and refresh.