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. (NYSE: OIS) generates a steady flow of news and disclosures tied to its role as a global provider of manufactured products and services for the energy, industrial and military sectors. As a company in the Oil and Gas Field Machinery and Equipment Manufacturing industry, its updates often reflect trends in offshore and international project activity, U.S. land markets, and capital allocation decisions.
News coverage for Oil States commonly includes quarterly earnings releases, where the company reports revenues, net income, Adjusted EBITDA, segment performance, and backlog for its Offshore Manufactured Products, Completion and Production Services, and Downhole Technologies segments. These releases also discuss the mix between offshore and international revenues and U.S. land activity, along with the impact of restructuring actions in its U.S. land-based businesses.
Investors following OIS news will see announcements about backlog and bookings in Offshore Manufactured Products, contract awards for deepwater production facility projects, and updates on technology-focused offerings and industry awards. The company has highlighted recognition from industry organizations for technologies such as workover packages and connector systems, as well as developments in managed pressure drilling equipment and international manufacturing capacity.
Oil States’ news flow also covers capital structure and strategic actions, including share repurchase activity, the purchase of convertible senior notes, facility sales, and amendments to its asset-based revolving credit facility. Corporate announcements have addressed the company’s dual listing on NYSE Texas while maintaining its primary listing on the New York Stock Exchange under the OIS ticker symbol.
For readers and investors, the OIS news page provides a centralized view of these earnings updates, strategic announcements, technology recognitions and market-related developments. Regularly reviewing this information can help track how Oil States manages its offshore, international and U.S. land businesses and how its segment performance evolves over time.
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.
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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.
Oil States International reported a net loss of $15.8 million or $0.26 per share for Q1 2021, impacted by $0.7 million in asset impairment charges and $3.4 million in restructuring costs. Despite this, revenues reached $125.6 million, an increase from $137.4 million in Q4 2020. Adjusted EBITDA was $6.1 million. The firm secured a $125 million asset-based credit facility and issued $135 million in convertible notes. Severe winter weather negatively influenced operations, but March saw a recovery in revenue. Bookings improved to $70 million.