Oil States International(OIS)

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Oil States International(OIS) - 2023 Q2 - Quarterly Report
2023-07-27 19:08
UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 ____________________ FORM 10-Q ____________________ ☒ QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the quarterly period ended June 30, 2023 or ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from _____ to _____ Commission file number: 001-16337 OIL STATES INTERNATIONAL, INC. (Exact name of registrant as specified in its ch ...
Oil States International(OIS) - 2023 Q1 - Quarterly Report
2023-04-28 16:10
Table of Contents UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 ____________________ FORM 10-Q ____________________ ☒ QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the quarterly period ended March 31, 2023 or ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from _____ to _____ Commission file number: 001-16337 OIL STATES INTERNATIONAL, INC. (Exact name of registrant as ...
Oil States International(OIS) - 2022 Q4 - Annual Report
2023-02-17 22:24
Table of Contents UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 ____________________ Form 10-K ____________________ ☒ ANNUAL REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the fiscal year ended December 31, 2022 or ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from _____ to _____ Commission file no. 001-16337 Oil States International, Inc. (Exact name of registrant as specified ...
Oil States International(OIS) - 2022 Q4 - Earnings Call Transcript
2023-02-17 19:27
Financial Data and Key Metrics Changes - The company generated revenues of $202 million and EBITDA of $21 million in Q4 2022, representing sequential increases of 7% and 30% respectively, after excluding a litigation-related settlement gain of $6.1 million from Q3 2022 [3][6][19] - Backlog increased by 19% sequentially to $308 million as of December 31, 2022, driven by quarterly bookings of $152 million, yielding a book-to-bill ratio of 1.5 times [4][19] - Net income for the quarter was $2.9 million, or $0.05 per share, with free cash flow of $11 million after capital expenditures [6][32] Business Segment Data and Key Metrics Changes - Offshore Manufactured Products segment revenues rose 9% sequentially to $105 million, with segment EBITDA of $17.8 million [13][37] - Downhole Technology segment revenues decreased 10% sequentially to $13 million, with segment EBITDA down 75% due to timing issues and supply chain challenges [14][23] - Wellsite Services segment achieved a 12% sequential increase in revenues to $68 million, with segment EBITDA increasing by 29% [33][40] Market Data and Key Metrics Changes - Global oil and gas inventories have recovered to within five-year seasonal averages, leading to lower commodity prices year-over-year [43] - WTI and Brent crude oil prices remain above $76 and $83 per barrel respectively, while natural gas is trading at approximately $2.30 per MMBtu [45] - The company expects annual revenues to grow about 15% on a consolidated year-over-year basis, with EBITDA projected between $92 million and $100 million [44] Company Strategy and Development Direction - The company is focused on expanding its product offerings in renewable and clean tech energy systems while continuing to support traditional subsea and offshore projects [21][28] - The company plans to invest approximately $25 million in capital expenditures for 2023, with a focus on optimizing operations and pursuing profitable activities [18][85] - A $25 million stock repurchase program has been approved, reflecting confidence in liquidity and shareholder returns [5][84] Management's Comments on Operating Environment and Future Outlook - Management noted supply chain challenges, labor access, and rising inflation as ongoing issues affecting the industry [24] - The company anticipates continued performance in Wellsite Services and Downhole Technologies segments, driven by improved market activity indicators [25] - Management expressed optimism about growth in offshore markets and the visibility of order flow in production infrastructure projects [76][80] Other Important Information - The company has been free cash flow positive for 30 of the last 36 quarters, indicating strong operational efficiency [16] - As of December 31, 2022, the company had no borrowings under its revolving credit facility, with available liquidity totaling $134 million [7] Q&A Session Summary Question: What is the outlook for 2023 regarding growth in Wellsite and Downhole segments? - Management indicated that both segments are expected to grow, with Wellsite Services likely having a modestly higher growth rate due to unique supply chain challenges in Downhole [59][102] Question: How is the company addressing supply chain challenges? - Management reported improvements in headcount for completion services, but noted ongoing struggles in hiring for manufacturing facilities in Downhole [72][74] Question: What is the competitive landscape for Downhole Technologies? - Management highlighted a more level playing field in the competitive landscape, with a focus on integrated gun systems and international expansion opportunities [119]
Oil States International(OIS) - 2022 Q3 - Earnings Call Transcript
2022-10-28 16:56
Oil States International, Inc. (NYSE:OIS) Q3 2022 Earnings Conference Call October 28, 2022 10:00 AM ET Corporate Participants Ellen Pennington - Counsel and Assistant Corporate Secretary Cindy Taylor - President and Chief Executive Officer Lloyd Hajdik - Executive Vice President and Chief Financial Officer Conference Call Participants Stephen Gengaro - Stifel Sean Mitchell - Daniel Energy Partners Operator Welcome to the Oil States International, Inc. Third Quarter 2022 Earnings Conference Call. My name is ...
Oil States International(OIS) - 2022 Q3 - Quarterly Report
2022-10-28 16:14
____________________ FORM 10-Q ____________________ ☒ QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the quarterly period ended September 30, 2022 Table of Contents or ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from _____ to _____ Commission file number: 001-16337 UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 (Exact name of registrant as specified in its charter) ( ...
Oil States International(OIS) - 2022 Q2 - Earnings Call Transcript
2022-07-30 22:02
Oil States International, Inc. (NYSE:OIS) Q2 2022 Earnings Conference Call July 28, 2022 11:00 AM ET Company Participants Ellen Pennington - Counsel & Assistant Corporate Secretary Cindy Taylor - President & Chief Executive Officer Lloyd Hajdik - Executive Vice President & Chief Financial Officer Conference Call Participants Stephen Gengaro - Stifel Operator Welcome to the Oil States International, Inc. Second Quarter 2022 Earnings Conference Call. My name is Jenny. I'll be your operator for today's call. [ ...
Oil States International(OIS) - 2022 Q2 - Quarterly Report
2022-07-28 20:49
Table of Contents UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 ____________________ FORM 10-Q ____________________ ☒ QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the quarterly period ended June 30, 2022 or ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from _____ to _____ Commission file number: 001-16337 OIL STATES INTERNATIONAL, INC. (Exact name of registrant as s ...
Oil States International(OIS) - 2022 Q1 - Earnings Call Transcript
2022-04-29 19:14
Oil States International, Inc. (NYSE:OIS) Q1 2022 Earnings Conference Call April 29, 2022 10:00 AM ET Company Participants Ellen Pennington - Counsel & Assistant Corporate Secretary Cindy Taylor - President & Chief Executive Officer Lloyd Hajdik - Executive Vice President & Chief Financial Officer Conference Call Participants Ian MacPherson - Piper Sandler Stephen Gengaro - Stifel Operator Welcome to the Oil States International First Quarter 2022 Earnings Call. My name is John. I will be your operator for ...
Oil States International(OIS) - 2022 Q1 - Quarterly Report
2022-04-29 18:46
Table of Contents UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 ____________________ FORM 10-Q ____________________ ☒ QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the quarterly period ended March 31, 2022 or ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from _____ to _____ Commission file number: 001-16337 OIL STATES INTERNATIONAL, INC. (Exact name of registrant as ...