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Flowserve Announces Dates for Fourth Quarter and Full Year 2020 Financial Results

3 months ago Amanda T. Noriega

DALLAS–(BUSINESS WIRE)–Flowserve Corporation (NYSE: FLS), a leading provider of flow control products and services for the global infrastructure markets, today announced that it plans to release its results for the fourth quarter and full year 2020 after the close of the New York Stock Exchange (NYSE) on Thursday, February 18.

The following morning, on Friday, February 19, the company will hold its conference call with the financial community at 11 a.m. Eastern time. Scott Rowe, president and chief executive officer, and other members of management will present.

The earnings materials and webcast of the conference call can be accessed by shareholders and other interested parties at www.flowserve.com under the “Investor Relations” section.

About Flowserve: Flowserve Corp. is one of the world’s leading providers of fluid motion and control products and services. Operating in more than 55 countries, the company produces engineered and industrial pumps, seals and valves as

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Liberty Oilfield Services Inc. Announces Fourth Quarter and Full Year 2020 Financial and Operational Results

3 months ago Amanda T. Noriega

DENVER–(BUSINESS WIRE)–Feb 4, 2021–

Liberty Oilfield Services Inc. (NYSE: LBRT; “Liberty” or the “Company”) announced today fourth quarter and full year 2020 financial and operational results.

Summary Results and Highlights

  • Revenue of $966 million and net loss 1 of $161 million, or $1.36 fully diluted loss per share, for the year ended December 31, 2020

  • Adjusted EBITDA 2 of $58 million, which excludes stock based compensation of $17 million, and annualized Adjusted EBITDA per average active fleet of $4.4 million for the year ended December 31, 2020

  • Revenue of $258 million for the quarter ended December 31, 2020, a 75% increase from the third quarter

  • Net loss 1 of $48 million, or $0.41 fully diluted loss per share, for the quarter ended December 31, 2020

  • Adjusted EBITDA 2 of $7 million, which excludes stock based compensation of over $4 million, for the quarter ended December 31, 2020

  • Average active frac
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PROS Holdings, Inc. Reports Fourth Quarter and Full Year 2020 Financial Results

3 months ago Amanda T. Noriega

HOUSTON–(BUSINESS WIRE)–PROS Holdings, Inc. (NYSE: PRO), a provider of AI-powered solutions that optimize selling in the digital economy, today announced financial results for the fourth quarter and full year ended December 31, 2020.

“I’m incredibly proud of our global team who helped grow our business and delivered a record number of customer go-lives during this challenging year,” stated CEO Andres Reiner. “We’ve been innovating on our platform to ensure companies are prepared for the shift to digital selling. Industry analysts expect that by 2025, 80% of B2B sales interactions will occur in digital channels, and we’re well-positioned to capture the large market opportunity in front of us.”

Fourth Quarter and Full Year 2020 Financial Highlights

Key financial results for the fourth quarter and full year 2020 are shown below. Throughout this press release, all dollar figures are in millions, except net loss per share. Unless otherwise noted,

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Fortinet Reports Fourth Quarter and Full Year 2020 Financial Results

3 months ago Amanda T. Noriega

The MarketWatch News Department was not involved in the creation of this content.

SUNNYVALE, Calif., Feb 04, 2021 (GLOBE NEWSWIRE via COMTEX) —
Fourth Quarter 2020 Highlights

SUNNYVALE, Calif., Feb. 04, 2021 (GLOBE NEWSWIRE) — Fortinet(R) (Nasdaq: FTNT), a global leader in broad, integrated and automated cybersecurity solutions, today announced financial results for the fourth quarter and full year ended December 31, 2020.

“We reported our third consecutive year of product revenue growth of approximately 16%, services revenue growth of approximately 22% and total organic revenue growth of approximately 20%. These results were driven by a strong worldwide sales operation, an innovative culture that results in a diversified product set and the market’s growing demand for cybersecurity products both on-premise and in the cloud. Our solid 2020 revenue performance led to an all-time company high non-GAAP operating margin of 26.9%,” said Ken Xie, Founder, Chairman, and Chief Executive Officer. “Given

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Proofpoint Announces Fourth Quarter and Full Year 2020 Financial Results

3 months ago Amanda T. Noriega

Fourth Quarter Highlights

  • Total revenue of $275.1 million, up 13% year-over-year
  • Billings of $374.9 million, up 8% year-over-year
  • GAAP EPS of $(0.61) per share, Non-GAAP EPS of $0.51 per share
  • Operating cash flow of $55.7 million and free cash flow of $28.9 million

SUNNYVALE, Calif., Feb. 04, 2021 (GLOBE NEWSWIRE) — Proofpoint, Inc. (NASDAQ: PFPT), a leading next-generation security and compliance company, today announced financial results for the fourth quarter and full year ended December 31, 2020.

“Our strong fourth quarter financial results closed out a challenging year on an exceptionally positive note,” stated Gary Steele, chief executive officer of Proofpoint. “The targeted investments we’ve made in expanding the scale of our team and people-centric cybersecurity and compliance services are expected to play an important role in accelerating our growth over the course of 2021 and capture the significant market opportunity that lies ahead.” 

Fourth Quarter 2020 Financial Highlights

  • Revenue
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FBL Financial Group Reports Fourth Quarter and Full Year 2020 Results

3 months ago Amanda T. Noriega

WEST DES MOINES, Iowa–(BUSINESS WIRE)–FBL Financial Group, Inc. (NYSE: FFG) today reported net income attributable to FBL Financial Group for the fourth quarter of 2020 of $27.8 million, or $1.14 per diluted common share, compared to net income of $34.7 million, or $1.40 per diluted common share, for the fourth quarter of 2019. Adjusted operating income(1) totaled $27.3 million, or $1.11 per common share, for the fourth quarter of 2020, compared to $34.8 million, or $1.41 per common share, for the fourth quarter of 2019. Fourth quarter 2020 earnings reflect:

  • Unfavorable mortality results largely due to claims related to COVID-19
  • Higher equity income
  • Favorable market performance resulting in lower amortization of acquisition costs and a lower increase in reserves associated with Guaranteed Living Withdrawal Benefits (GLWB)
  • The benefit of other investment-related income
  • A focus on expense control
  • A lower effective tax rate
  • Continued investment in the
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