Brief: Total Energy Services Reports Quarterly Earnings Per Share Of $0.10

Total Energy Services

06/05/2020 23:14

May 6 (Reuters) - Total Energy Services Inc  TOT.TO :
    * TOTAL ENERGY SERVICES INC. ANNOUNCES Q1 2020 RESULTS
    * TOTAL ENERGY SERVICES INC - QTRLY REVENUE $134.3 MILLION
VERSUS
$222 MILLION
    * TOTAL ENERGY SERVICES INC - QTRLY EARNINGS PER SHARE $0.10
    * TOTAL ENERGY SERVICES INC - SUSPENDED ITS DIVIDEND ($10.8
MILLION OF ANNUAL CASH SAVINGS)
    * TOTAL ENERGY SERVICES INC - REDUCED ITS 2020 CAPITAL
EXPENDITURE
BUDGET BY $13.0 MILLION TO $10.0 MILLION
    * TOTAL ENERGY SERVICES - REDUCED NORTH AMERICAN EMPLOYEE
HEAD
COUNT TO LEVELS BELOW THOSE PRIOR ACQUISITION OF SAVANNA ENERGY
SERVICES
    * TOTAL ENERGY SERVICES INC - REDUCED DIRECTOR AND OFFICER
COMPENSATION BY 10% TO 15%
    * TOTAL ENERGY SERVICES INC - REDUCED NORTH AMERICAN
EMPLOYEE
COMPENSATION BY A MINIMUM OF 10%
    * TOTAL ENERGY SERVICES INC - REDUCED AND ELIMINATED
DISCRETIONARY
NORTH AMERICAN EMPLOYEE BENEFIT PLANS

Source text for Eikon:  ID:nGNX6VLKX8 
Further company coverage:  TOT.TO 

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