Welcome to our dedicated page for Oil States Intl news (Ticker: OIS), a resource for investors and traders seeking the latest updates and insights on Oil States Intl stock.
Oil States International Inc (OIS) provides critical solutions for offshore energy production and well construction, serving global energy and industrial markets. This dedicated news hub offers investors and professionals centralized access to official announcements, financial disclosures, and operational updates.
Track verified information across OIS's core segments: offshore equipment innovations, completion services advancements, and downhole technology developments. Key updates include quarterly earnings reports, strategic partnerships, and project milestones in deepwater drilling environments.
Our curated collection eliminates the need to monitor multiple sources, providing timely insights into acquisitions, product launches, and market expansions. Bookmark this page for efficient monitoring of OIS's evolving role in energy infrastructure and industrial services.
Oil States Industries (OIS) is set to auction surplus equipment from its Houston plant on September 17, 2024, at 10 a.m. CT. The live webcast auction, managed by Harris Auctions, will feature a wide range of industrial assets, including a full CNC machine shop, welding and fabrication tools, cranes, manlifts, trailers, tooling, and QC equipment. Jean Harris, Jr., the auctioneer, emphasizes this as a prime opportunity for plant managers and shop owners to acquire top-tier equipment at competitive prices. Interested parties can register to bid via BidSpotter or ProxiBid, with pre-auction offers on major equipment being considered. For more information, contact Harris Auctions at 713-462-5800.
Oil States International (NYSE: OIS) reported net income of $1.3 million, or $0.02 per share, for Q2 2024. Adjusted net income was $4.4 million, or $0.07 per share, excluding charges. Consolidated revenues increased 11% sequentially to $186.4 million, driven by timing of order conversions and U.S. oil market share gains. Adjusted EBITDA rose 38% to $21.3 million. The Offshore Manufactured Products segment saw 17% revenue growth to $101.6 million. Well Site Services revenue declined 2% to $46.4 million, while Downhole Technologies revenue grew 16% to $38.4 million. The company received $10.3 million from selling an idle facility and repurchased $11.5 million of convertible notes and $2.4 million of common stock.
Oil States International, Inc. (NYSE:OIS) has announced its second quarter 2024 earnings conference call scheduled for Monday, July 29, 2024, at 9:00 a.m. Central Daylight Time. The company will discuss the results for the quarter ended June 30, 2024, which are expected to be released before markets open on the same day. Investors can access the webcast on Oil States' website or join by phone using the provided dial-in numbers. A replay of the call will be available approximately two hours after completion.
Oil States International is a global provider of manufactured products and services to customers in the energy, industrial, and military sectors. The company specializes in highly engineered capital equipment and consumable products, with manufacturing and service facilities strategically located worldwide.
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