Oil States Q3 net income $4.2M on revenue $194M; Offshore/Manufactured backlog $348M

OIL STATES INTERNATIONAL, INC

2023-Q3 EPS reported $0.11 revenue$574,017,000

Net income of $4.2M ($0.07 EPS) vs $0.6M in Q2; adjusted EBITDA $23.4M (+23% sequential).
Revenue $194.3M, up 6% sequentially; Offshore/Manufactured revenue $111M, highest since Q4 2016.
Offshore/Manufactured backlog $348M, fifth consecutive quarterly increase; book-to-bill 1.2x.
Well Site Services revenue $59.8M (down 7% seq); Downhole Technologies revenue $23.4M (down 6% seq).
Operating cash flow $13.6M; cash on hand $52.9M; no borrowings on ABL facility.

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 0.95

OIL STATES INTERNATIONAL, INC reported the quarter ended September 30, 2023 results: revenue $194.3 million, net income $4.2 million, EPS $0.07 per diluted share.

Period: the quarter ended September 30, 2023
Revenue: $194.3 million
Net income: $4.2 million
EPS: $0.07 per diluted share
Result: reported results

Exact text from the filing

Oil States International, Inc. reported net income of $4.2 million, or $0.07 per share, and Adjusted EBITDA of $23.4 million for the third quarter of 2023 on revenues of $194.3 million.

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Source: SEC EDGAR

accession 0001121484-23-000087

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