Oil States Q2 net loss $5.1M; revenue up 11% sequentially to $181.8M

OIL STATES INTERNATIONAL, INC

2022-Q2 EPS reported -$0.24 revenue$345,878,000

Net loss of $5.1M ($0.08 per share); revenue $181.8M vs $164.0M in Q1 2022.
Consolidated EBITDA $17.0M, up 17% sequentially; Well Site Services EBITDA up 61%.
Offshore/Manufactured Products backlog $241M; Q2 bookings $77M, book-to-bill 0.8x.
Acquired E-Flow for $8M; settled GEODynamics dispute for $10M cash + 1.9M shares.
Cash $22.2M, liquidity $84.1M; no ABL borrowings; bought $6.5M of convertible notes.

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