Business
Calfrac Announces Second Quarter Results and Contract Award
CALGARY, July 31, 2013 /CNW/ - Calfrac Well Services Ltd. ("Calfrac" or "the Company") (TSX-...
About this update from Calfrac Well Services Ltd.
[{"type":"text","content":"\n\n\nCALGARY, July 31, 2013 /CNW/ - Calfrac Well Services Ltd. (\"Calfrac\" or \"the Company\") (TSX-CFW) announces its financial and operating results for the three and six\n months ended June 30, 2013.\n\n\n\n\n\n\n\nHIGHLIGHTS\n\n\n \n\n\n \n\n\n \n\n\n \n\n\n \n\n\n \n\n\n \n\n\n\n\n \n\n\nThree Months Ended June 30,\n\n\n      Six Months Ended June 30,\n\n\n\n\n \n\n\n2013\n\n\n2012\n\n\nChange\n\n\n2013\n\n\n2012\n\n\nChange\n\n\n\n\n(C$000s, except per share and unit data)\n\n\n($)\n\n\n($)\n\n\n(%)\n\n\n($)\n\n\n($)\n\n\n(%)\n\n\n\n\n(unaudited)\n\n\n \n\n\n \n\n\n \n\n\n \n\n\n \n\n\n \n\n\n\n\nFinancial\n\n\n \n\n\n \n\n\n \n\n\n \n\n\n \n\n\n \n\n\n\n\nRevenue\n\n\n288,701\n\n\n335,780\n\n\n(14)\n\n\n712,098\n\n\n809,887\n\n\n(12)\n\n\n\n\nOperating income(1)\n\n\n16,307\n\n\n29,810\n\n\n(45)\n\n\n78,977\n\n\n143,191\n\n\n(45)\n\n\n\n\nEBITDA(2)\n\n\n16,235\n\n\n18,736\n\n\n(13)\n\n\n81,404\n\n\n146,731\n\n\n(45)\n\n\n\n\n \n\n\nPer share - basic\n\n\n0.36\n\n\n0.42\n\n\n(14)\n\n\n1.79\n\n\n3.33\n\n\n(46)\n\n\n\n\n \n\n\nPer share - diluted\n\n\n0.35\n\n\n0.42\n\n\n(17)\n\n\n1.78\n\n\n3.29\n\n\n(46)\n\n\n\n\nNet income (loss) attributable to\n\n\n \n\n\n \n\n\n \n\n\n \n\n\n \n\n\n \n\n\n\n\n \n\n\nthe shareholders of Calfrac\n\n\n \n\n\n \n\n\n \n\n\n \n\n\n \n\n\n \n\n\n\n\n \n\n\nbefore foreign exchange\n\n\n \n\n\n \n\n\n \n\n\n \n\n\n \n\n\n \n\n\n\n\n \n\n\nlosses or gains(3)\n\n\n(14,969)\n\n\n(4,294)\n\n\n(249)\n\n\n7,707\n\n\n54,971\n\n\n(86)\n\n\n\n\n \n\n\nPer share - basic\n\n\n(0.33)\n\n\n(0.10)\n\n\n(230)\n\n\n0.17\n\n\n1.25\n\n\n(86)\n\n\n\n\n \n\n\nPer share - diluted\n\n\n(0.33)\n\n\n(0.10)\n\n\n(230)\n\n\n0.17\n\n\n1.23\n\n\n(86)\n\n\n\n\nNet income (loss) attributable to\n\n\n \n\n\n \n\n\n \n\n\n \n\n\n \n\n\n \n\n\n\n\n \n\n\nthe shareholders of Calfrac\n\n\n(14,584)\n\n\n(11,855)\n\n\n(23)\n\n\n10,061\n\n\n58,986\n\n\n(83)\n\n\n\n\n \n\n\nPer share - basic\n\n\n(0.32)\n\n\n(0.27)\n\n\n(19)\n\n\n0.22\n\n\n1.34\n\n\n(84)\n\n\n\n\n \n\n\nPer share - diluted\n\n\n(0.32)\n\n\n(0.27)\n\n\n(19)\n\n\n0.2...