secwatch.observer — SEC 8-K summary
======================================

Issuer:     OIL STATES INTERNATIONAL, INC (OIS)
CIK:        0001121484
Form:       8-K
Filed at:   2026-05-05T23:59:59+00:00
Accession:  0001121484-26-000021
Event type: earnings
Sentiment:  neutral
Materiality: 0.65
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Oil States Q1 revenue falls 9% YoY to $145M; adjusted net income $5M
--------------------------------------------------------------------

- Revenue $145M (-9% YoY); net income $1.1M ($0.02 EPS); adjusted net income $5M ($0.09 EPS)
- Adjusted EBITDA $16.7M vs $18.7M last year; margins pressured by geopolitical delays in Middle East.
- Retired $52.7M of 4.75% convertible notes Apr 1 with cash ($25.5M), revolver ($25M), 529k shares.
- Backlog $430M, book-to-bill 0.9x; received two SPE OTC 2026 technology awards (GeoLok, MPD tool).
- Restructuring/impairment charges $4.1M in Q1; new Jan 2026 credit facility ($75M revolver + $50M term loan).

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1121484/000112148426000021/0001121484-26-000021-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1121484/000112148426000021/ois-20260505.htm
  HTML page:      https://secwatch.observer/filing/0001121484-26-000021

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