Oil States Intl Stock Price, News & Analysis

Oil States International (NYSE:OIS) will hold its first quarter 2023 earnings conference call on April 28, 2023 at 10:00 AM CDT. The results for the quarter ending March 31, 2023 will be disclosed on April 27, 2023, after market close. Interested parties can join the call by dialing 1 (888) 210-3346 in the U.S. or +1 (646) 960-0253 internationally, using the passcode 7534957. A replay of the call will be available shortly after its conclusion.

Oil States provides manufactured products and services across the energy, industrial, and military sectors. The company is headquartered in Houston, Texas, with global manufacturing and service facilities.

Oil States International reported fourth quarter 2022 revenue of $202.4 million, reflecting a 7% sequential increase and a 25% year-over-year growth. Excluding a $6.1 million litigation-related settlement gain from the previous year, operating income improved to $3.3 million, up $4.3 million sequentially. The net income stood at $2.9 million or $0.05 per diluted share. The company declared a $25 million stock repurchase plan and recorded a backlog increase of 19% to $308 million. However, Adjusted EBITDA decreased by $1.4 million sequentially but increased 30% year-over-year, indicating mixed results amid strong industry fundamentals.

Oil States International, Inc. (NYSE:OIS) has scheduled its fourth quarter 2022 earnings conference call for February 17, 2023 at 10:00 a.m. Central Time. The earnings results for the quarter ended December 31, 2022 will be released on February 16, 2023, after market close. Investors can access the call via webcast on Oil States' website or by phone. A replay will also be available shortly after the call's conclusion. Oil States operates in energy, industrial, and military sectors, providing highly engineered capital equipment and consumables from facilities worldwide.

Oil States International (NYSE: OIS) reported a net income of $2.1 million for Q3 2022, marking a recovery from a net loss of $5.1 million in the previous quarter. Revenues grew to $189.4 million, up from $181.8 million, driven by strong performance in all business segments. The Offshore/Manufactured Products backlog increased to $258 million, with a book-to-bill ratio of 1.2x. Notably, cash flow from operations reached $29 million. CEO Cindy B. Taylor highlighted improvements as industry demand grows, despite ongoing macroeconomic challenges.

Oil States International (NYSE: OIS) has scheduled its third quarter 2022 earnings conference call for October 28, 2022, at 9:00 a.m. Central Daylight Time. The earnings results will be disclosed on October 27, 2022, after market close. Interested parties can access the call via the company’s website or by phone. Oil States, headquartered in Houston, Texas, is a global provider of manufactured products and services across the energy, industrial, and military sectors.

Oil States International (OIS) reported a second-quarter net loss of $5.1 million, translating to $0.08 per share, despite generating $181.8 million in revenue, a sequential increase of 11%. Consolidated EBITDA rose 17% to $17.0 million. Highlights included a 14% revenue increase in the Well Site Services segment and a 15% increase in Offshore/Manufactured Products. The company acquired E-Flow Holdings for $8 million. Backlog totaled $241 million as of June 30, with bookings of $77 million and a book-to-bill ratio of 0.8x. The company has $84.1 million in liquidity available as of June 30.

Oil States International (NYSE: OIS) will hold its second quarter 2022 earnings conference call on July 28, 2022, at 10:00 a.m. CDT. The earnings report for the quarter ending June 30, 2022, is set to be released on July 27, 2022, after market close. The call will be available via webcast on the company’s website. Participants can join by phone using specific dial-in numbers. A replay will be accessible shortly after the call's completion.

Oil States International provides products and services to the energy, industrial, and military sectors, with global operations based in Houston, Texas.