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Oil States International, Inc. (OIS) is a key player in the global oil and gas industry, offering an extensive range of products and services tailored to meet the needs of deep water production facilities and subsea pipelines. As a leading manufacturer, Oil States provides engineered capital equipment and consumable products utilized in the drilling, well construction, and production phases of oil and natural gas. The company’s expertise extends beyond manufacturing, encompassing a variety of essential services, including land drilling, completion and production-related rental tools, workforce accommodations, logistics, and the distribution of oil country tubular goods.
Oil States International operates through three primary business segments: Offshore/Manufactured Products, Well Site Services, and Downhole Technologies. The Offshore/Manufactured Products segment generates the majority of the company’s revenue by delivering advanced equipment for offshore oil and gas production. The Well Site Services division supports onshore operations through the provision of high-quality rental tools and well completion services. Meanwhile, the Downhole Technologies segment focuses on innovative solutions for drilling and well intervention.
The company’s client base includes national and international oil and natural gas companies, onshore and offshore drilling firms, and various oilfield service providers. Oil States International also serves the defense and industrial sectors, showcasing the versatility and broad applicability of its product and service offerings.
Recent achievements for Oil States International include strategic partnerships and advancements in technological innovation, enhancing its capabilities and market position. The company continually invests in research and development to optimize its product lineup and service efficiency, ensuring they meet the evolving demands of the energy sector.
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.
Oil States International (NYSE: OIS) will hold its second quarter 2022 earnings conference call on July 28, 2022, at 10:00 a.m. CDT. The earnings report for the quarter ending June 30, 2022, is set to be released on July 27, 2022, after market close. The call will be available via webcast on the company’s website. Participants can join by phone using specific dial-in numbers. A replay will be accessible shortly after the call's completion.
Oil States International provides products and services to the energy, industrial, and military sectors, with global operations based in Houston, Texas.
Oil States International reported a net loss of $9.4 million or $0.16 per share for Q1 2022, despite generating revenues of $164.0 million and Consolidated EBITDA of $14.5 million. Revenue increased from $161.3 million in Q4 2021, marking the highest levels since Q1 2020. Short-cycle product revenues rose 15%, and the Offshore/Manufactured Products backlog grew to $265 million. However, the Well Site Services segment faced revenue decline due to exiting certain operations, resulting in a tempered growth outlook. Liquidity remains strong with $90.2 million available.
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.
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