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0 -0.00295857988165687 -0.00295857988165687 -0.00893491124260362 -0.00295857988165687 -0.00295857988165687 0.0118343195266272 0.0118343195266272
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Oil States Announces First Quarter 2020 Results of Operations

Oil States International, Inc. (OIS) 
Last oil states international, inc. earnings: 4/29 05:15 pm Check Earnings Report
US:NYSE Investor Relations: ir.oilstatesintl.com/investor-relations
Company Research Source: GlobeNewswire
HOUSTON, April 29, 2020 (GLOBE NEWSWIRE) -- Oil States International, Inc. (NYSE: OIS) reported a net loss for the first quarter of 2020 of $405.0 million, or $6.79 per share, on revenues of $219.7 million and Consolidated EBITDA (Note A) of $21.9 million. The reported first quarter 2020 net loss included the following significant items, which totaled $396.8 million after-tax, or $6.65 per share: Non-cash goodwill asset impairment charges of $406.1 million ($386.5 million after-tax, or $6.48 per share)Non-cash write-downs of inventory totaling $25.2 million ($20.5 million after-tax, or $0.34 per share)Non-cash fixed asset impairment charge of $5.2 million ($4.1 million after-tax, or $0.07 per share)Severance and downsizing charges totaling $0.7 million ($0.5 million after-tax, or $0.01 per share)Discrete tax benefit of $14.8 million, or $0.25 per share, related to U.S. income tax net operating loss carrybacks under the provisions of the CARES Act First quarter 2020 highlights and Show less Read more
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