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. provides manufactured products and services for energy, military and industrial customers, including highly engineered capital equipment and consumable products. Its updates commonly cover results across Offshore Manufactured Products, Completion and Production Services and Downhole Technologies, with attention to offshore backlog, bookings, project timing, margins and activity among oil and natural gas customers.
Company news also addresses capital-structure actions, credit facilities, convertible note retirement, restructuring of U.S. land-based service operations, exchange listings and executive succession. Product and technology announcements may reference equipment used in offshore, drilling, completion, production and geothermal applications.
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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