National Energy Services Reunited Q4 Earnings Call Highlights

Angeli also detailed $24.1 million of charges and credits impacting adjusted EBITDA, including expected credit loss provisions primarily in Oman, impairment charges tied to two legacy technology investments, contract mobilization-related restructuring costs in Oman, and other write-offs including a provision for a construction-in-process prepayment in Saudi Arabia following a vendor bankruptcy. He said the adjustments were “predominantly one-time items” and that the company does not expect material contract ...