Company Reports Q4 Revenue of $3.00B, Beating Consensus
Reports Q4 revenue $3.00B, consensus $2.96B. The company states: "In the fourth quarter, our sales to Rig Direct(R) customers in the United States and Canada continued to show resilience as did our Tubes sales in other regions, and, in Argentina we resumed our fracking and coiled tubing services. Our margins held up well, despite reflecting the full impact of the 50% Section 232 tariffs, as we brought our Koppel steel shop back on line following a transformer outage and we had an efficient industrial performance."
