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.
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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.