Become a member today. It's free.
We will not release or resell your information to third-parties without your permission.
North America North America revenues for the quarter were $1,529 million, an 8% decrease over the same quarter in the prior year and down 10% sequentially. The quarter’s operating income was $167 million, down $59 million, or 26% from the same quarter in the prior year and down 25% sequentially. The sequential decline was largely due to the seasonal effect of the “spring breakup” in Canada impacting revenues and margins in all product lines, and was partially offset by increased U.S. Artificial Lift and Well Construction activity. U.S. year-over-year performance declined, driven primarily by lower Stimulation profitability. http://phx.corporate-ir.net/External.Fileitem=UGFyZW50SUQ9MTk1NTc5fENoaWxkSUQ9LTF8VHlwZT0z&t=1