earnings
confidence high
sentiment negative
materiality 0.80
Oil States Q3 net loss $14.3M ($0.23/sh) on $174.3M revenue, down 6% sequentially
OIL STATES INTERNATIONAL, INC
2024-Q3 EPS reported
-$0.42
revenue$527,993,000
- Net loss includes $18.2M restructuring; adjusted net income $2.7M ($0.04/sh).
- Offshore Manufactured Products revenue $102.2M (+1% seq), Adj Segment EBITDA $23.3M (+16%).
- Completion & Production Services (ex Well Site Services) revenue $40.1M (-14% seq); segment restructuring with $12.9M non-cash impairments.
- Generated $28.8M cash from ops; Board approved new $50M share repurchase authorization through Oct 2026.
- Backlog $313M; quarterly book-to-bill 1.1x on $112M bookings.