Oil States (OIS) Reports In-Line Q2 EPS, Revenues Miss

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Go back to Oil States (OIS) Reports In-Line Q2 EPS, Revenues Miss

Oil States Announces Second Quarter 2018 Results

July 30, 2018 7:00 AM EDT

HOUSTON, July 30, 2018 (GLOBE NEWSWIRE) -- Oil States International, Inc. (NYSE: OIS) reported net income for the second quarter 2018 of $2.7 million, or $0.05 per diluted share. These results compare to a reported net loss for the second quarter of 2017 of $14.2 million, or $0.28 per diluted share, which included pre-tax charges of $0.8 million ($0.6 million after-tax, or $0.01 per diluted share) of severance and downsizing charges.

During the second quarter of 2018, the Company generated revenues of $285.8 million and Consolidated EBITDA (Note A) of $40.2 million. These results compare to revenues of $171.4 million and Adjusted Consolidated EBITDA (Note A)... More