RPC, Inc. (RES) Q1 2025 Earnings Call

Investor webinar replay

Replay transcript excerpt

question and answer session. Instructions will be provided at this time for you to queue up for questions. I would like to advise everyone that this conference call is being recorded. I will now turn the call over to Mr. Schmidt. Thank you and good morning. Before we begin, I want to remind you that some of the statements that will be made on this call could be forward-looking in nature and reflect a number of known and unknown risks. Please refer to our press release issued today along with our 2024 10-K and other public filings that outline those risks, all of which can be found on RPC's website at www.rpc.net. In today's earnings release and conference call, we'll be referring to several non-GAAP measures of operating performance and liquidity. We believe these non-GAAP measures allow us to compare performance consistently over various periods. Our press release and our website contain reconciliations of these non-GAAP measures to the most directly comparable GAAP measures. I'll now turn the call over to our President and CEO, Ben Palmer. Thanks, Mike, and thank you for joining our call. Today we will talk about our first quarter results in the acquisition we just closed in early April. as well as share our views about the increasing tariff-driven macro uncertainties. We are encouraged by the start of the year with respect to our financial performance and excited to bring Pentel into the RPC portfolio. Further, we are confident that our strong balance sheet, even following the funding of the acquisition, provides a solid cushion in uncertain times while still affording us the ability to invest as attractive opportunities arise. First quarter results can be summarized as stable revenues with some EBITDA growth. Recall that our fourth quarter held up relatively well...