secwatch.observer — SEC 8-K summary
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Issuer:     OIL STATES INTERNATIONAL, INC (OIS)
CIK:        0001121484
Form:       8-K
Filed at:   2023-10-27T23:59:59+00:00
Accession:  0001121484-23-000087
Event type: earnings
Sentiment:  neutral
Materiality: 0.65
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1121484/000112148423000087/0001121484-23-000087-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1121484/000112148423000087/ois-20231027.htm
  HTML page:      https://secwatch.observer/filing/0001121484-23-000087

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