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May 06, 2020
RPC, Inc. Reports First Quarter 2020 Financial Results

May 05, 2020
RPC, Inc. Announces Updated Date for First Quarter 2020 Financial Results and Conference Call

Apr 28, 2020
RPC, Inc. Announces Delay in Reporting of First Quarter 2020 Financial Results and Discloses Unaudited Financial Highlights

Apr 28, 2020
RPC, Inc. Announces Executive Management Salary Reduction

Apr 09, 2020
RPC, Inc. Announces Date for First Quarter 2020 Financial Results and Conference Call

Jan 29, 2020
RPC, Inc. Reports Fourth Quarter 2019 Financial Results

Jan 08, 2020
RPC, Inc. Announces Date for Fourth Quarter 2019 Financial Results and Conference Call

Nov 14, 2019
RPC, Inc. to Present at the 2019 Southwest IDEAS Investor Conference

Oct 23, 2019
RPC, Inc. Reports Third Quarter 2019 Financial Results

Oct 08, 2019
RPC, Inc. Announces Date for Third Quarter 2019 Financial Results and Conference Call

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Non-GAAP Financial Measures

RPC, Inc. uses the following non-GAAP financial measures:

  • Adjusted net loss;
  • Adjusted net income;
  • Adjusted loss per share;
  • Adjusted earnings per share;
  • Adjusted operating loss;
  • Adjusted operating profit
  • Earnings before interest, taxes, depreciation and amortization (EBITDA); and,
  • Adjusted earnings before interest, taxes, depreciation and amortization (adjusted EBITDA)

Management believes that presenting these financial measures enable us to compare our operating performance consistently over various time periods without regard to non-recurring items. We are also required to use EBITDA to report compliance with financial covenants under our revolving credit facility.

A non-GAAP financial measure is a numerical measure of financial performance, financial position, or cash flows that either 1) excludes amounts, or is subject to adjustments that have the effect of excluding amounts, that are included in the most directly comparable measure calculated and presented in accordance with GAAP in the statement of operations, balance sheet or statement of cash flows, or 2) includes amounts, or is subject to adjustments that have the effect of including amounts, that are excluded from the most directly comparable measure so calculated and presented. Set forth below are reconciliations of these non-GAAP measures with their most comparable GAAP measures:

Reconciliation of Net (Loss) Income to Adjusted Net (Loss) Income
Net (Loss) Income
Add:
Discrete tax adjustment
Impairment and other charges, net of tax
Adjusted Net (Loss) Income

Reconciliation of Net (Loss) Income Per Share to Adjusted Net (Loss) Income Per Share
Net (Loss) Per Share
Add:
Total Impact of Discrete tax adjustment and Impairment and Other Charges
Adjusted Net (Loss) Income Per Share

Reconciliation of Operating (Loss) Profit to Adjusted Operating (Loss) Profit
Operating (loss) profit
Add: Impairment and other charges
Adjusted Operating (Loss) Profit

Reconciliation of Net (Loss) Income to EBITDA and Adjusted EBITDA
Net (Loss) Income
Add:
Income tax (benefit) provision
Interest expense
Depreciation and amortization
Less:
Interest income
EBITDA
Add:
Impairment and other charges
Adjusted EBITDA


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