Oil States Q1 2022 net loss $9.4M, rev $164M; highest since pandemic

OIL STATES INTERNATIONAL, INC

2022-Q1 EPS reported -$0.16 revenue$164,044,000

Net loss of $9.4M ($0.16 per share); Consolidated EBITDA $14.5M.
Revenue $164M, highest since COVID-19 onset; sequential increase from Q4 2021 $161.3M.
Offshore/Manufactured Products backlog $265M, book-to-bill 1.1x; acquired E-Flow Control for $8.6M cash on April 14.
Downhole Technologies Adjusted EBITDA surged to $2.9M from $0.1M sequentially.
Cash $39.2M, no ABL borrowings; liquidity $90.2M.

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