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, Inc. (NYSE: OIS) has scheduled its third quarter 2020 earnings conference call for October 30, 2020, at 10:00 a.m. Central Time. The earnings results for the quarter ended September 30, 2020, will be released on October 29, 2020, after market close. Investors can participate in the call via webcast on Oil States’ website or by dialing in with a provided passcode. The company specializes in providing products and services for the oil and gas industry and is headquartered in Houston, Texas.
Oil States International (OIS) reported a net loss of $24.6 million, or $0.41 per share, for Q2 2020 on revenues of $146.2 million, reflecting the severe impacts of the COVID-19 pandemic. Consolidated EBITDA was a loss of $4.5 million, but excluding severance and downsizing charges, it totaled $0.9 million. The company generated $38.7 million in cash flow from operations and reduced net debt by $39.3 million. The Offshore/Manufactured Products segment showed resilience, with a 4% revenue increase. However, revenues fell sharply in Completion Services and Downhole Technologies, declining 56% and 64%, respectively.
Oil States International (NYSE: OIS) has scheduled its Q2 2020 earnings conference call for July 30, 2020, at 10:00 a.m. CT. The earnings report is expected to be released on July 29, 2020, after market close. The call will be accessible via Oil States' website and by dial-in. The company specializes in products and services for the oil and gas industry, including drilling and production sectors. Oil States is headquartered in Houston and operates globally.
Oil States International (NYSE: OIS) will have its President and CEO, Cindy B. Taylor, present at the J.P. Morgan 2020 Energy, Power & Renewables Virtual Conference on June 17, 2020, at 11:30 a.m. ET. The presentation will be accessible via a live webcast, with slides available on Oil States’ investor relations website beforehand. Oil States provides products and services for the oil and gas industry, focusing on drilling, completion, and infrastructure. Headquartered in Houston, Texas, Oil States is publicly traded under the symbol 'OIS'.
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