Oil States (OIS) Updates Q4 Guidance
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Oil States Updates Fourth Quarter 2019 Guidance
January 23, 2020 5:15 PM ESTHOUSTON, Jan. 23, 2020 (GLOBE NEWSWIRE) -- Oil States International, Inc. (NYSE: OIS) announced today updated financial estimates for the fourth quarter of 2019 noting weakness associated with the greater than anticipated decline in U.S. land completion activities. Fourth quarter 2019 unaudited revenues for the Well Site Services segment are expected to approximate $92Â million with a Segment EBITDA (A) margin of 10%, unaudited revenues for the Downhole Technologies segment are expected to approximate $38Â million with a Segment EBITDA margin of 9% and unaudited revenues for the Offshore/Manufactured Products segment are expected to approximate $108Â million with a Segment... More
