Oil States (OIS) Misses Q4 EPS by 5c, Revenues Beat

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Go back to Oil States (OIS) Misses Q4 EPS by 5c, Revenues Beat

Oil States Announces Fourth Quarter 2019 Results of Operations

February 19, 2020 5:25 PM EST

HOUSTON, Feb. 19, 2020 (GLOBE NEWSWIRE) -- Oil States International, Inc. (NYSE: OIS) reported a net loss for the fourth quarter of 2019 of $175.6 million, or $2.95 per share. The reported fourth quarter 2019 results included a non-cash goodwill impairment charge of $165.0 million ($165.0 million after-tax, or $2.78 per share) and severance and downsizing charges totaling $0.5 million ($0.4 million after-tax, or $0.01 per share). During the fourth quarter of 2019, the Company generated revenues of $238.4 million and Consolidated EBITDA (Note A) of $19.7 million.

Fourth quarter 2019 highlights included:

Generated $21.5 million in cash flow from... More