secwatch.observer — SEC 8-K summary
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Issuer:     OIL STATES INTERNATIONAL, INC (OIS)
CIK:        0001121484
Form:       8-K
Filed at:   2023-07-27T23:59:59+00:00
Accession:  0001121484-23-000074
Event type: earnings
Sentiment:  neutral
Materiality: 0.65
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1121484/000112148423000074/0001121484-23-000074-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1121484/000112148423000074/ois-20230727.htm
  HTML page:      https://secwatch.observer/filing/0001121484-23-000074

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