Oil States (OIS) Tops Q4 EPS by 1c
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Oil States Announces Fourth Quarter 2022 Results
February 16, 2023 5:00 PM ESTRevenue of $202.4Â million increased 7% sequentially and 25% year-over-yearExcluding a third quarter 2022 litigation-related settlement gain of $6.1Â million, operating income of $3.3Â million increased $4.3Â million sequentially and $14.5Â million year-over-yearNet income of $2.9Â million, or $0.05Â per diluted share, reported for the quarterAdjusted EBITDA (a non-GAAP measure(1)) of $20.5Â million decreased $1.4Â million sequentially but increased $7.2Â million year-over-year. Excluding the third quarter 2022 litigation-related benefit, Adjusted EBITDA increased $4.7Â million, or 30%, sequentially.Cash flow from... More
