secwatch.observer — SEC 8-K summary
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Issuer:     OIL STATES INTERNATIONAL, INC (OIS)
CIK:        0001121484
Form:       8-K
Filed at:   2024-04-26T23:59:59+00:00
Accession:  0001121484-24-000036
Event type: earnings
Sentiment:  negative
Materiality: 0.75
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Oil States Q1 2024 net loss $13.4M; revenue down 20% sequentially; goodwill impairment of $10M
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- Net loss $13.4M ($0.21/share) includes $10M non-cash goodwill impairment; adjusted net loss $1.9M ($0.03/share).
- Consolidated revenue $167.3M, down 20% sequentially and 15% YoY; Adjusted EBITDA $15.5M, down 36% sequentially.
- Offshore Manufactured Products revenue $86.9M, down 31% sequentially; backlog $305M, book-to-bill 0.8x.
- Downhole Technologies revenue $33.1M, operating loss $12.1M due to goodwill impairment; Well Site Services operating loss $0.4M.
- ABL facility amended, maturity extended to Feb 2028; cash $24.1M; capex $10.1M for Batam land.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1121484/000112148424000036/0001121484-24-000036-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1121484/000112148424000036/ois-20240426.htm
  HTML page:      https://secwatch.observer/filing/0001121484-24-000036

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