Oil States (OIS) Tops Q2 EPS by 6c, Revenues Miss

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Go back to Oil States (OIS) Tops Q2 EPS by 6c, Revenues Miss

Oil States Announces Second Quarter 2020 Results of Operations

July 29, 2020 5:15 PM EDT

HOUSTON, July 29, 2020 (GLOBE NEWSWIRE) -- Oil States International, Inc. (NYSE: OIS) reported a net loss of $24.6 million, or $0.41 per share, for the second quarter of 2020, on revenues of $146.2 million. Consolidated EBITDA (Note A) was a loss of $4.5 million. Excluding $5.4 million of severance and downsizing charges incurred during the quarter, Consolidated EBITDA totaled $0.9 million. The reported second quarter 2020 net loss included the following more significant charges and gains, which resulted in a net charge of $4.6 million after-tax, or $0.08 per share:

Severance and downsizing charges totaled $5.4 million ($4.3 million after-tax, or $0.07 per... More