OIL STATES INTERNATIONAL, INC. - OIS STOCK NEWS

Oil States International (NYSE: OIS) reported a net loss of $14.3 million, or $0.23 per share, for Q3 2024. The results included restructuring charges of $18.2 million. Consolidated revenues decreased 6% sequentially to $174.3 million, primarily due to lower U.S. land-based activity and project delays in the Gulf of Mexico. The company generated cash flows from operations of $28.8 million and approved a new $50 million stock repurchase program. The Offshore Manufactured Products segment showed strength with a book-to-bill ratio of 1.1x and backlog of $313 million, while U.S. land-based operations faced challenges leading to facility closures and workforce reductions.

Oil States International, Inc. (NYSE:OIS) has announced its third quarter 2024 earnings conference call, scheduled for Wednesday, October 30, 2024, at 9:00 a.m. Central Daylight Time. The company plans to release its results for the quarter ended September 30, 2024, before the markets open on the same day. Investors can access the webcast through Oil States' website or join by phone using specific dial-in numbers and a passcode.

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. Headquartered in Houston, Texas, Oil States has manufacturing and service facilities strategically located worldwide and is publicly traded on the New York Stock Exchange under the symbol 'OIS'.

Seadrill (NYSE: SDRL) and Oil States International, Inc. (NYSE: OIS) have announced a strategic collaboration to enhance offshore Managed Pressure Drilling (MPD) operations. This partnership combines Oil States' MPD Integrated Riser Joint (IRJ) system with Seadrill's high-spec floating drilling vessels to improve safety and efficiency in offshore drilling.

The Oil States MPD IRJ offers several advantages, including improved gas influx handling, reduced nonproductive time, and easier handling. It features twin retrievable annular seals, a passive rotating control device bearing assembly, and eliminates the need for a wear sleeve. This collaboration aims to standardize MPD systems and make them more mainstream in offshore operations.

Oil States Industries (OIS) is set to auction surplus equipment from its Houston plant on September 17, 2024, at 10 a.m. CT. The live webcast auction, managed by Harris Auctions, will feature a wide range of industrial assets, including a full CNC machine shop, welding and fabrication tools, cranes, manlifts, trailers, tooling, and QC equipment. Jean Harris, Jr., the auctioneer, emphasizes this as a prime opportunity for plant managers and shop owners to acquire top-tier equipment at competitive prices. Interested parties can register to bid via BidSpotter or ProxiBid, with pre-auction offers on major equipment being considered. For more information, contact Harris Auctions at 713-462-5800.

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.

Oil States International, Inc. reported a net loss of $13.4 million, or $0.21 per diluted share, for the first quarter of 2024. The company's consolidated revenues decreased by 20% sequentially to $167.3 million. Adjusted EBITDA was $15.5 million. Oil States received two 2024 Spotlight on New Technology™ Awards for their Ultra-deepwater Swift™ connector design and ACTIVEHub™ platform with ACTIVELatch™ technology.

Oil States International, Inc. (OIS) has scheduled its first quarter 2024 earnings conference call for April 26, 2024, at 9:00 a.m. Central Daylight Time. The call will discuss the results for the quarter ended March 31, 2024, expected to be released before the markets open on the same day. Participants can access the webcast on Oil States' website or join by phone. A replay will be available shortly after the call.

Oil States International, Inc. (NYSE: OIS) reported a net income of $6.0 million, or $0.09 per diluted share, for the fourth quarter of 2023. Consolidated revenues increased by 7% sequentially to $208.3 million, driven by higher offshore and international activity. Adjusted EBITDA rose by 2% sequentially to $24.0 million. The Offshore/Manufactured Products segment saw a significant increase in revenues, backlog, and bookings. The company invested $3.9 million in share repurchases during the quarter and extended the maturity date of their ABL Facility to February 16, 2028.