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 International reported a net loss of $9.4 million or $0.16 per share for Q1 2022, despite generating revenues of $164.0 million and Consolidated EBITDA of $14.5 million. Revenue increased from $161.3 million in Q4 2021, marking the highest levels since Q1 2020. Short-cycle product revenues rose 15%, and the Offshore/Manufactured Products backlog grew to $265 million. However, the Well Site Services segment faced revenue decline due to exiting certain operations, resulting in a tempered growth outlook. Liquidity remains strong with $90.2 million available.
Oil States International (NYSE: OIS) will host its Q1 2022 earnings conference call on April 29, 2022, at 9:00 a.m. CDT. The company will discuss its financial results for the quarter ending March 31, 2022, which will be released on April 28, 2022, after market close. The call will be accessible via webcast on the company’s website or by phone in the U.S. and internationally. Oil States International provides engineered products and services for the energy, industrial, and military sectors, with headquarters in Houston, Texas.
Oil States International reported a net loss of $19.9 million, or $0.33 per share, for Q4 2021, influenced by non-cash impairment charges and a foreign currency translation loss. Revenues rose to $161.3 million, up from $140.5 million in Q3 2021, with Adjusted EBITDA increasing 57% to $13.4 million. The Offshore/Manufactured Products segment saw a 34% revenue growth, driven by a 72% rise in project-related revenue. The company's backlog reached $260 million, with a book-to-bill ratio of 1.1x for Q4. For the full year, Oil States reported a net loss of $64 million on revenues of $573.2 million.
Oil States International, Inc. (NYSE: OIS) has scheduled its fourth quarter 2021 earnings conference call for February 17, 2022, at 9:00 a.m. Central Time. The earnings results for the quarter ending December 31, 2021, will be released on February 16, 2022, after market close. The call will be webcast and accessible via the company’s website. Oil States provides manufactured products and services for energy, industrial, and military sectors, headquartered in Houston, Texas.
Oil States International (NYSE: OIS) reported a net loss of $13.0 million, or $0.22 per share, for Q3 2021, impacted by Hurricane Ida. Revenues declined to $140.5 million from $145.7 million in Q2 2021, with an Adjusted Consolidated EBITDA of $8.5 million. The hurricane caused a $5.9 million revenue reduction and $3.0 million decrease in EBITDA. However, the Offshore/Manufactured Products backlog rose to $249 million, with bookings up 64% sequentially, leading to a robust book-to-bill ratio of 1.5x. The company also received the ESG Accelerator Award for advancements in sustainability.
Oil States International has scheduled its third quarter 2021 earnings conference call for November 1, 2021, at 9:00 a.m. Central Time. The results for the quarter ending September 30, 2021 will be released that morning before markets open. Participants can access the call via Oil States’ website or by calling 1 (888) 771-4371 in the U.S. A replay will be available shortly after the call. Oil States International is a global provider of products and services in the energy, industrial, and military sectors, trading under the symbol OIS.
Oil States International (NYSE: OIS) reported a net loss of $15.3 million for Q2 2021, equating to $0.25 per share. Despite this loss, revenue rose to $145.7 million, a 16% increase from Q1 2021. Adjusted EBITDA totaled $10.1 million, up 64% from the prior quarter. The Offshore/Manufactured Products segment saw a significant revenue increase of 27%, while cash flow from operations was $22.4 million. The company successfully reduced net debt by $17.5 million. The backlog stood at $214 million with bookings of $65 million, reflecting a book-to-bill ratio of 0.9.
Oil States International, Inc. (NYSE: OIS) has scheduled its second quarter 2021 earnings conference call for July 29, 2021, at 10:00 a.m. Central Time. The earnings report will be released on July 28, 2021, after market close. The conference call will be available via webcast on the company's website and can be joined by phone for participants in the U.S. and internationally.
Oil States is a global provider of manufactured products and services in energy, industrial, and military sectors, headquartered in Houston, Texas.
Oil States International (NYSE:OIS) has appointed Denise Castillo-Rhodes to its Board of Directors as a Class II Director, with her term expiring in May 2024. She will also serve on the Audit Committee. Castillo-Rhodes brings extensive experience in accounting and finance, currently serving as CFO for Texas Medical Center. This appointment aims to enhance the board's expertise as the company navigates the evolving energy sector.
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