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 (NYSE:OIS) has scheduled its first quarter 2025 earnings conference call for Thursday, May 1, 2025 at 9:00 a.m. Central Daylight Time. The company plans to release its Q1 2025 results before markets open on the same day.
The earnings call will be accessible through webcast on the company's website and via telephone conference. Participants can dial 1 (888) 210-3346 in the United States or +1 (646) 960-0253 internationally using the passcode 7534957.
Oil States International is a global provider of manufactured products and services for energy, industrial, and military sectors, specializing in highly engineered capital equipment and consumable products. The company maintains manufacturing and service facilities across the globe, with headquarters in Houston, Texas.
Oil States International (NYSE: OIS) reported Q4 2024 net income of $15.2 million ($0.24 per share), including a $15.3 million facility sale gain offset by $3.1 million in restructuring charges. Quarterly revenue was $164.6 million, down 6% sequentially due to lower U.S. land-based activity.
Key Q4 metrics include Adjusted EBITDA of $18.7 million and operating cash flow of $18.2 million. The company sold an idle facility for $24.8 million and repurchased $9.1 million of common stock. For full-year 2024, the company reported a net loss of $11.3 million on revenues of $692.6 million, compared to 2023's net income of $12.9 million on revenues of $782.3 million.
The Offshore Manufactured Products segment showed resilience with 5% sequential revenue growth to $107 million and a book-to-bill ratio of 1.1x, maintaining a backlog of $311 million. The company continues strategic initiatives to optimize U.S. operations and exit commoditized business lines to enhance future margins.
Oil States International (NYSE:OIS) has scheduled its fourth quarter 2024 earnings conference call for Friday, February 21, 2025 at 9:00 a.m. Central Standard Time. The company plans to release its Q4 2024 results before markets open on the same day.
The conference call will be accessible via webcast on the company's website and through dial-in numbers for both U.S. (1-888-210-3346) and international (+1-646-960-0253) participants using passcode 7534957. A replay will be available approximately two hours after the call.
Oil States International is a global provider of manufactured products and services to the energy, industrial, and military sectors, specializing in highly engineered capital equipment and consumable products. The company is headquartered in Houston, Texas, with manufacturing and service facilities worldwide.
Oil States International (NYSE:OIS) has announced the completion of a previously idled facility sale, generating $24.8 million in net proceeds. The company has also repurchased 1.5 million shares of common stock for $7.9 million under its new $50 million share repurchase authorization plan initiated in October 2024.
The company's strategic initiatives include business unit optimization, exit from underperforming U.S. domestic operations, investment in new technologies including Managed Pressure Drilling systems, and focus on generating free cash flow. The Houston operations consolidation and facility sale, combined with share repurchases, align with Oil States' long-term strategy to enhance stockholder value through offshore and international growth opportunities.
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.
