FTS International Announces First Quarter 2021 Financial and Operational Results
FORT WORTH, Texas–(BUSINESS WIRE)–FTS International, Inc. (NYSE American: FTSI) today reported its financial and operational results for the first quarter of 2021.
Michael Doss, Chief Executive Officer, commented “I am incredibly pleased to report that we are back to generating positive adjusted EBITDA as we continue to efficiently and safely provide best-in-class performance to our customers. Our adjusted EBITDA was $7.8 million in the first quarter, a $13 million sequential increase, despite significant operational disruptions from Winter Storm Uri in February.
With the depressed business conditions of 2020 and our financial restructuring behind us, we are focused on the future with several important initiatives,…