Oil States Announces Fourth Quarter 2019 Results of Operations
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Oil States (OIS) Misses Q4 EPS by 5c, Revenues Beat
February 19, 2020 5:29 PM ESTOil States (NYSE: OIS) reported Q4 EPS of ($0.24), $0.05 worse than the analyst estimate of ($0.19). Revenue for the quarter came in at $238.36 million versus the consensus estimate of $237.78 million.
Fourth quarter 2019 highlights included:
Generated $21.5 million in cash flow from operationsRepaid $13.1 million in borrowings under the revolving credit facilityRepurchased $6.8 million in principal amount of the convertible senior notes at a 13% discount to par valueTotal debt to capitalization of 16.9%Recorded a non-cash goodwill impairment charge of $165.0... More