Oil States (OIS) Misses Q3 EPS by 2c, Miss on Revenues

Oil States (NYSE: OIS) reported Q3 EPS of ($0.27), $0.02 worse than the analyst estimate of ($0.25). Revenue for the quarter came in at $164.05 million versus the consensus estimate of $170.42 million.

Third Quarter Highlights:

• Reports net loss per diluted share of $0.30; $0.27 adjusted net loss per share excluding severance, other downsizing charges and a discrete tax item
• Well Site Services- Segment revenues increased 67% year-over-year
• Offshore/Manufactured Products- Segment EBITDA (Note A) margin averaged 16% and book-to-bill ratio was 0.99x
• Total debt to total capitalization ratio ended the quarter at 1.6%

For earnings history and earnings-related data on Oil States (OIS) click here.

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