Brief: Rpc, Inc. Reports Fourth Quarter 2021 Financial Results

RPC

26/01/2022 13:21

Jan 26 (Reuters) - RPC Inc  RES.N :
    * RPC, INC. REPORTS FOURTH QUARTER 2021 FINANCIAL RESULTS
    * Q4 EARNINGS PER SHARE $0.06
    * Q4 REVENUE ROSE 80.5 PERCENT TO $268.3 MILLION
    * Q4 ADJUSTED LOSS PER SHARE $0.03
    * OPERATIONAL ENVIRONMENT IS BEING IMPACTED BY PERSONNEL
SHORTAGES
EXACERBATED BY CURRENT COVID SURGE
    * INDUSTRY ALSO FACING MATERIALS & PARTS SHORTAGES IMPACTING
MANY
ESSENTIAL INPUTS,AS WELL AS PRICE INCREASES FOR RAW MATERIALS &
COMPONENTS
    * Q4 EARNINGS PER SHARE VIEW $0.03, REVENUE VIEW $240.3
MILLION --
REFINITIV IBES DATA
    * RPC - PERSONNEL, MATERIAL & PARTS SHORTAGES, AND PRICE
INCREASES
FOR RAW MATERIALS & COMPONENTS MAY IMPACT UTILIZATION AND
PROFITABILITY IN NEAR TERM

Source text for Eikon:  ID:nPn8pqQKVa 
Further company coverage:  RES.N 

 ((Reuters.Briefs@thomsonreuters.com;))