Oil States Q2 net income $0.6M, Adj EBITDA $19.0M; backlog $338M highest since 2015

OIL STATES INTERNATIONAL, INC

2023-Q2 EPS reported $0.04 revenue$379,728,000

Net income $0.6M ($0.01 diluted EPS) on revenue $183.5M; revenue down 6% seq, up 1% YoY.
Adjusted EBITDA $19.0M, down 11% seq but up 12% YoY; FY2023 guidance reaffirmed $92-100M.
Offshore/Manufactured Products backlog $338M, highest since Dec 2015; book-to-bill 1.1x.
Operating cash flow $44.7M; cash $42.4M; no revolver borrowings; repurchased $3.0M stock.
Downhole Technologies op loss $2.5M incl $1.0M inventory provision; Well Site Services EBITDA margin 18%.

item 2.02 item 9.01

Key facts

Extracted from this filing and checked against the source text.

Earnings Releases SEC 8-K Item 2.02 confidence 0.9

OIL STATES INTERNATIONAL, INC reported the quarter ended June 30, 2023 results: revenue $183.5 million, net income $0.6 million, EPS $0.01 per diluted share. Guidance reaffirmed.

Period: the quarter ended June 30, 2023
Revenue: $183.5 million
Net income: $0.6 million
EPS: $0.01 per diluted share
Guidance: reaffirmed
Result: reported results

Exact text from the filing

Oil States International, Inc. reported net income of $0.6 million, or $0.01 per share, for the second quarter of 2023 on revenues of $183.5 million and Adjusted EBITDA of $19.0 million.

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Source: SEC EDGAR

accession 0001121484-23-000074

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