earnings
confidence high
sentiment negative
materiality 0.70
Oil States Q3 net loss $0.22/sh; revenue $140.5M hit by Hurricane Ida
OIL STATES INTERNATIONAL, INC
2021-Q3 EPS reported
-$0.73
revenue$411,841,000
- Net loss $13.0M ($0.22/sh); includes $2.1M inventory impairment and $0.7M restructuring.
- Revenue $140.5M, Adj. EBITDA $8.5M; Hurricane Ida cut rev by $5.9M, EBITDA $3.0M.
- Offshore/Manufactured backlog $249M (+16% QoQ); bookings $106M (1.5x book-to-bill).
- No ABL borrowings; cash $67.6M; liquidity $129M; debt/total cap 20%.
- Well Site Services rev +9% QoQ to $46.0M; Downhole Tech rev -5% to $25.5M.