RPC, Inc. Q3 Profit Rises - Quick Facts

(RTTNews) - RPC, Inc. (RES) reported third-quarter net income of $64.9 million or $0.30 per share, compared to $53.8 million or $0.25 per share last year. Earnings before interest, taxes, depreciation and amortization (EBITDA) increased by 16.5 percent to $163.4 million compared to $140.3 million in the prior year.

On average, 15 analysts polled by Thomson Reuters expected the company to report profit per share of $0.34 for the quarter. Analysts' estimates typically exclude special items.

Revenues increased 26.4 percent to $620.7 million compared to $491.1 million in the third quarter of last year. The company said its revenues increased compared to the prior year primarily due to higher activity levels and service intensity in major service lines and a slightly larger fleet of revenue-producing equipment. Analysts expected revenue of $633.99 million for the quarter.