---
schema_version: "secwatch.filing_event.v1"
accession: "0001121484-23-000047"
form_type: "8-K"
ticker: "OIS"
cik: "0001121484"
company_name: "OIL STATES INTERNATIONAL, INC"
filed_at: "2023-04-27T23:59:59+00:00"
generated_at: "2026-06-16T08:08:38.939046+00:00"
event_type: "earnings"
sentiment: "positive"
materiality_score: 0.65
calibrated_materiality_score: 0.65
confidence: "high"
source: SEC EDGAR
---

# Oil States Q1 net income $2.2M, revenue $196.2M, backlog grows to $326M

## Summary
- Net income of $2.2M ($0.03 diluted EPS) vs. $2.9M ($0.05) in Q4 2022; revenue $196.2M, up 20% YoY but down 3% sequentially.
- Adjusted EBITDA $21.4M, up 4% sequentially and 48% YoY; Offshore/Manufactured Products backlog $326M, highest since 2015.
- Well Site Services Adjusted EBITDA rose 6% sequentially to $13.2M; Downhole Technologies Adjusted EBITDA surged 164% to $2.8M.
- Repaid $17.3M convertible notes in Feb; Board approved $25M stock repurchase plan (no buybacks in Q1); liquidity $108.6M.
- Received multiple industry awards including two OTC Spotlight awards and NOIA Safety in Seas Culture of Safety Award.

## SEC filing metadata
- accession: 0001121484-23-000047
- form_type: 8-K
- ticker: OIS
- cik: 0001121484
- company_name: OIL STATES INTERNATIONAL, INC
- filed_at: 2023-04-27T23:59:59+00:00
- event_type: earnings
- sentiment: positive
- materiality_score: 0.65
- calibrated_materiality_score: 0.65
- confidence: high
- sec_items: 2.02, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1121484/000112148423000047/0001121484-23-000047-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1121484/000112148423000047/ois-20230427.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001121484-23-000047
- JSON: https://secwatch.observer/filing/0001121484-23-000047.json
- Plain text: https://secwatch.observer/filing/0001121484-23-000047.txt

## Key facts
- Earnings Releases
  OIL STATES INTERNATIONAL, INC reported the quarter ended March 31, 2023 results: revenue $196,199, net income $2,158, EPS $0.03.
  - Period: the quarter ended March 31, 2023
  - Revenue: $196,199
  - Net income: $2,158
  - EPS: $0.03
  - Result: reported results
  source text: Ended % Change (Unaudited, In Thousands, Except Per Share Amounts) March 31, 2023 December 31, 2022 March 31, 2022 Sequential Year-over-Year Consolidated results: Revenues $ 196,199 $ 202,434 $ 164,044 (3) % 20 % Operating income (loss) $ 5,875 $ 3,273 $ (4,336) 79 % nm Net income (loss) $ 2,158 $ 2,885 $ (9,424) (25) % nm Diluted earning per share $ 0.03 $
  evidence_url: https://www.sec.gov/Archives/edgar/data/1121484/000112148423000047/0001121484-23-000047-index.htm

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.