RPC, Inc CEO Discusses Second Quarter Results - Earnings Call Transcript

RPC, Inc (RES)

Q2 2012 Earnings Call

July 25, 2012, 09:00 am ET

Executives

Jim Landers – VP, Corporate Finance

Ben Palmer – VP, CFO and Treasurer

Rick Hubbell – President and CEO

Analysts

Neal Dingmann – SunTrust

Andrea Sharkey - Gabelli & Company

John Daniel - Simmons & Company

Doug Garber – Dahlman Rose

Luke Lemoine - Capital One

John Lawrence - Tudor, Pickering, Holt

Michael Marino - Stevens Incorporated

Ben Swomley - Morgan Stanley

Jeffery Spittel - Global Hunter Securities

Presentation

Operator

Good day, ladies and gentlemen, and welcome to the RPC second quarter earnings conference call. As a reminder, today's conference is being recorded. Now, I'd like to turn the conference over to your host, Mr. Jim Landers. Please go ahead, sir.

Jim Landers

Thank, you, (Katherine), and good morning. Before we begin our call today, I wanted to remind you that in order to talk about our company, we're going to mention a few things that are not historical facts.

Some of the statements that we made on this call could be forward looking in nature and reflect a number of known and unknown risks. I'd like to refer you to our press release issued today along with our 2011 10-K and other public filings that outline those risks, all of which can be found on RPC's website at www.rpc.net.

I also need to tell you that in today's earnings release and conference call, we'll be referring to EBITDA which is a non-GAAP measure of operating performance. RPC uses EBITDA as a measure of operating performance because it allows us to compare performance consistently over various periods without regard to changes in our capital structure.

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