earnings
confidence high
sentiment positive
materiality 0.65
Oil States Q2 net loss $15.3M; revenue $145.7M, up 16% sequentially; EBITDA up 64%
OIL STATES INTERNATIONAL, INC
2021-Q2 EPS reported
-$0.52
revenue$271,313,000
- Net loss $15.3M ($0.25 per share) includes $2.8M impairment, $2.6M restructuring, $0.4M gain on debt extinguishment.
- Revenue $145.7M (+16% QoQ); Adj. Consolidated EBITDA $10.1M (+64% QoQ) driven by 27% growth in Offshore/Manufactured Products.
- Offshore/Manufactured Products revenue $76.9M, EBITDA $10.3M; backlog $214M, book-to-bill 0.9x in Q2, 1.0x YTD.
- Reduced net debt by $17.5M; repaid $7M revolver, bought $6.4M convertible notes at 7% discount; cash $62.7M, liquidity $113M.
- Denise Castillo-Rhodes joined Board; directors Jim Nelson and Bill Van Kleef retired in May.