Oil States (OIS) Tops Q3 EPS by 4c, Revenues Miss

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Oil States Announces Third Quarter 2020 Results of Operations

October 29, 2020 5:15 PM EDT

HOUSTON, Oct. 29, 2020 (GLOBE NEWSWIRE) -- Oil States International, Inc. (NYSE: OIS) reported a net loss of $20.0 million, or $0.33 per share, for the third quarter of 2020, on revenues of $134.8 million. Consolidated EBITDA (Note A) was $0.1 million. The reported third quarter 2020 net loss included the following more significant charges and gains:

Non-cash write-down of inventory totaling $5.9 million ($4.7 million after-tax, or $0.08 per share)Non-cash gains on extinguishment of convertible senior notes of $5.9 million ($4.7 million after-tax, or $0.08 per share)

Third quarter 2020 highlights and corporate actions included:

... More