secwatch.observer — SEC 8-K summary
======================================

Issuer:     OIL STATES INTERNATIONAL, INC (OIS)
CIK:        0001121484
Form:       8-K
Filed at:   2023-02-16T23:59:59+00:00
Accession:  0001121484-23-000006
Event type: earnings
Sentiment:  positive
Materiality: 0.70
Item codes: 2.02, 5.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Oil States Q4 net income $2.9M, rev $202.4M; backlog hits $308M, $25M buyback approved
--------------------------------------------------------------------------------

- Net income $2.9M ($0.05 diluted EPS) vs $2.1M ($0.03) in Q3; revenue $202.4M, up 7% sequentially and 25% YoY.
- Adjusted EBITDA $20.5M, down 6% sequentially but up 53% YoY; excluding Q3 litigation gain, up 30% sequentially.
- Offshore/Manufactured Products backlog $308M, highest since Q4 2015, up 19% sequentially; book-to-bill 1.5x in Q4.
- Board approved $25M stock repurchase plan extending through February 2025.
- Director Christopher T. Seaver to retire at May 2023 annual meeting; not due to disagreement.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1121484/000112148423000006/0001121484-23-000006-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1121484/000112148423000006/ois-20230216.htm
  HTML page:      https://secwatch.observer/filing/0001121484-23-000006

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer