secwatch.observer — SEC 8-K summary
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Issuer:     RPC INC (RES)
CIK:        0000742278
Form:       8-K
Filed at:   2023-01-25T23:59:59+00:00
Accession:  0001104659-23-006359
Event type: earnings
Sentiment:  positive
Materiality: 0.75
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

RPC Q4 net income $87M ($0.40 EPS), revenue $482M, up 4.9% QoQ; EBITDA $135.5M
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- Revenue $482.0M in Q4 2022, up 4.9% from $459.6M in Q3 2022, driven by improved pricing and utilization.
- Net income $87.0M ($0.40 diluted EPS) vs $69.3M ($0.32) in Q3 2022; adjusted EPS $0.41.
- EBITDA $135.5M, up 19.8% sequentially; cost of revenues improved to 64.0% of revenue from 67.4%.
- Recorded a $2.9M pension settlement charge; pension plan termination expected in Q1 2023.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/742278/000110465923006359/0001104659-23-006359-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/742278/000110465923006359/tm234301d2_8k.htm
  HTML page:      https://secwatch.observer/filing/0001104659-23-006359

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