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RPC : Reports First Quarter 2021 Financial Results


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ATLANTA, April 28, 2021/PRNewswire/ RPC, Inc. (NYSE: RES) today announced its unaudited results for the first quarter ended March 31, 2021. 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 Statesand in selected international markets.
For the quarter ended March 31, 2021, RPC generated revenues of $182.6 million, a decrease of 25.1 percent compared to $243.8 millionin the first quarter of 2020. Operating loss for the first quarter of 2021 was $10.5 millioncompared to an operating loss of $218.7 millionand an adjusted operating loss of $13.2 millionin the first quarter of the prior year. ....

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Spirit AeroSystems Reports Fourth Quarter and Full-Year 2020 Results


     Represents an amount equal to or in excess of 100% or not meaningful.
2020 was one of the most challenging years in aviation history. For Spirit, the 737 MAX grounding and the COVID-19 pandemic created a dual-crisis. Our response focused on five critical actions: protecting employees, restructuring our cost base, strengthening our liquidity, implementing productivity projects, and diversifying the business with our planned acquisitions, said Tom Gentile, Spirit AeroSystems President and Chief Executive Officer. With these actions, we worked to stabilize our liquidity and ended the year with $1.9 billion in cash while positioning Spirit to continue playing a leadership role in the aviation industry. ....

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