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Press Releases

 
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Apr 25, 2018
RPC, Inc. Announces Regular Quarterly Cash Dividend

Apr 03, 2018
RPC, Inc. Announces Date for First Quarter 2018 Financial Results and Conference Call

Apr 02, 2018
RPC, Inc. Announces First Quarter 2018 Share Repurchases

Feb 12, 2018
RPC, Inc. Authorizes Expansion of Stock Buyback Program

Jan 24, 2018
RPC, Inc. Announces 43 Percent Increase in Regular Quarterly Cash Dividend

Jan 24, 2018
RPC, Inc. Reports Fourth Quarter 2017 Financial Results

Jan 02, 2018
RPC, Inc. Announces Date for Fourth Quarter 2017 Financial Results and Conference Call

Nov 27, 2017
RPC, Inc. to Present at the Jefferies 2017 Energy Conference

Oct 25, 2017
RPC, Inc. Reports Third Quarter 2017 Financial Results

Oct 25, 2017
RPC, Inc. Announces Regular Quarterly Cash Dividend and Special Year-End Cash Dividend

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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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