Pason Systems Inc Q2 2021 Earnings Call Transcript

The following is excerpted from the question-and-answer section of the transcript.

Question: John Gibson - BMO Capital Markets Equity Research - Analyst : Congrats on a strong quarter. Can I start with pricing across North America. I realize that you're still seeing some pressure from the downturn. But I'm just wondering if you've seen any signs of life on the pricing side of it?

Question: John Gibson - BMO Capital Markets Equity Research - Analyst : Got it. Just regarding your comments about increased U.S. market share, did you gain some new contractor customers or producers? Or was it more of a factor of your current contractors or customers putting more rigs back to work?

Question: John Gibson - BMO Capital Markets Equity Research - Analyst : Okay. Great. As we look to approach 500 rigs in the U.S., I'm just wondering if there's an inflection point where you would need to add fairly significant costs back to the business? Or will it be more of a gradual build?

Question: John Gibson - BMO Capital Markets Equity Research - Analyst : Okay. Last one for me. I have to ask this. When you look at free cash flow allocation, particularly in spite of the modest rising activity levels and your stronger performance financially. I'm just wondering how you're thinking about share buybacks, dividends and -- compared to maybe proceeding further growth strategies.