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Stock impact report

Oil States Announces Second Quarter 2019 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, July 29, 2019 (GLOBE NEWSWIRE) -- Oil States International, Inc. (NYSE: OIS) reported a net loss for the second quarter of 2019 of $9.7 million, or $0.16 per diluted share, on revenues of $264.7 million and Consolidated EBITDA (Note A) of $26.5 million. The reported second quarter 2019 results included severance and downsizing charges totaling $1.3 million ($1.0 million after-tax, or $0.02 per diluted share). These results compare to reported net income for the second quarter of 2018 of $2.7 million, or $0.05 per diluted share, on revenues of $285.8 million and Consolidated EBITDA of $40.2 million. Second quarter 2019 highlights included: Offshore/Manufactured Products backlog increase of 21%, resulting in a 1.6x book-to-bill ratio for the quarterCash flow from operations totaling $31.7 millionRevolving credit facility net repayments totaling $21.1 million Oil States’ President and Chief Executive Officer, Cindy B. Taylor, stated, "Our second quarter results were s Show less Read more
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