Oil States International(OIS)
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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 ...
Oil States International(OIS) - 2021 Q4 - Annual Report
2022-02-22 14:50
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, 2021 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) - 2021 Q4 - Earnings Call Transcript
2022-02-17 17:22
Oil States International Inc (NYSE:OIS) Q4 2021 Earnings Conference Call February 17, 2022 10:00 AM ET Company Participants Megan Messer - Corporate Administrator Cindy Taylor - President and CEO Lloyd Hajdik - EVP and Chief Financial Officer Operator Welcome to the Oil States International Inc Fourth Quarter 2021 Earnings Call. My name is Hilda, and I will be your operator for today's call. At this time, all participants are in a listen-only mode. And later we will conduct a question and answer session. [O ...
Oil States International(OIS) - 2021 Q3 - Quarterly Report
2021-11-01 20:59
Financial Performance - Total revenues for Q3 2021 were $140.5 million, a 4% increase from $134.8 million in Q3 2020[13] - Net loss for Q3 2021 was $13.0 million, compared to a net loss of $20.0 million in Q3 2020, representing a 35% improvement[15] - Operating loss for the nine months ended September 30, 2021, was $53.5 million, a significant reduction from $506.0 million in the same period of 2020[13] - The company reported a comprehensive loss of $18.9 million for Q3 2021, compared to a comprehensive loss of $16.6 million in Q3 2020[15] - Basic net loss per share for Q3 2021 was $0.22, an improvement from $0.33 in Q3 2020[13] - For the nine months ended September 30, 2021, the net loss was $44.1 million, a significant improvement compared to a net loss of $449.6 million for the same period in 2020[26] - The company reported a net loss of $13.0 million, or $0.22 per share, for Q3 2021, compared to a net loss of $20.0 million, or $0.33 per share, in Q3 2020[152] Cash and Assets - Cash and cash equivalents decreased to $67.6 million as of September 30, 2021, down from $72.0 million at the end of 2020[17] - Total assets decreased to $1.09 billion as of September 30, 2021, compared to $1.15 billion at the end of 2020[17] - Total stockholders' equity decreased to $704.5 million as of September 30, 2021, from $757.6 million at the end of 2020[17] - Cash and cash equivalents at the end of the period for September 30, 2021, were $67.6 million, down from $79.7 million at the same time in 2020[26] - The company experienced a net change in cash and cash equivalents of $(4.5) million for the nine months ended September 30, 2021, compared to an increase of $71.2 million in 2020[26] Liabilities and Debt - Current liabilities increased to $172.3 million as of September 30, 2021, compared to $162.1 million at the end of 2020[17] - Long-term debt as of September 30, 2021, totaled $160.434 million, a decrease from $165.759 million as of December 31, 2020, reflecting a decline of approximately 3.99%[60] - The company had $178.668 million in total debt as of September 30, 2021, compared to $183.537 million as of December 31, 2020, showing a decrease of about 2.1%[60] - The company is in compliance with its debt covenants under the ABL Agreement as of September 30, 2021[67] Revenue Segments - The Offshore/Manufactured Products segment generated revenues of $69.0 million, down 12.3% from $78.7 million year-over-year[101] - Downhole Technologies segment revenues increased to $25.5 million from $18.7 million, representing a 36.5% growth[101] - Well Site Services revenues rose to $46.0 million, compared to $37.4 million, marking a 22.9% increase[101] - Revenues in the Offshore/Manufactured Products segment declined by $58.3 million, or 22%, in the first nine months of 2021 compared to the prior year, mainly due to reduced sales of connector and short-cycle products[193] - The Well Site Services segment experienced a revenue decrease of $33.6 million, or 21%, in the first nine months of 2021 compared to the prior year, attributed to the impact of the COVID-19 pandemic[198] Impairments and Expenses - The company incurred $19.7 million in depreciation and amortization expenses for Q3 2021, down from $24.3 million in Q3 2020[13] - The Company recorded impairments of goodwill amounting to $406.1 million in the nine months ended September 30, 2020, which were not present in 2021[26] - The Company recognized a $2.1 million non-cash inventory impairment charge in Q3 2021, compared to a $5.9 million charge in Q3 2020[160] - Selling, general and administrative expenses decreased by $1.3 million, or 6%, in Q3 2021 compared to Q3 2020[161] Market Conditions and Challenges - The company continues to face challenges due to the COVID-19 pandemic, impacting demand and pricing for its products and services[110] - The average price of Brent crude oil for the third quarter of 2021 was $73.51 per barrel, compared to $42.91 per barrel in the same quarter of 2020, indicating a significant price increase[128] - The U.S. energy industry is primarily focused on crude oil, with oil-directed drilling accounting for 81% of the total U.S. rig count as of September 30, 2021[136] - The company continues to monitor global economic conditions and commodity prices to manage its business effectively[139] Backlog and Future Expectations - As of September 30, 2021, the company had a remaining backlog of $153.2 million related to contracts with an expected duration of over one year[107] - Approximately 21% of the remaining backlog is expected to be recognized as revenue in Q4 2021, with an additional 38% in 2022[107] - Backlog in the Offshore/Manufactured Products segment totaled $249 million as of September 30, 2021, with Q3 2021 bookings of $106 million and a book-to-bill ratio of 1.5x[169]
Oil States International(OIS) - 2021 Q3 - Earnings Call Presentation
2021-11-01 18:27
September 2021 Investor Presentation Forward-looking Statements This presentation and other statements we make contain certain "forward–looking statements" within the meaning of Section 27A of the Securities Act of 1933 and Section 21E of the Securities Exchange Act of 1934. Actual results could differ materially from those projected in the forward-looking statements as a result of a number of important factors, including incorrect or changed assumptions, the level of supply and demand for oil and natural g ...
Oil States International(OIS) - 2021 Q3 - Earnings Call Transcript
2021-11-01 17:49
Oil States International, Inc. (NYSE:OIS) Q3 2021 Earnings Conference Call November 1, 2021 10:00 AM ET Company Participants Ellen Pennington - Counsel & Assistant Corporate Secretary Cindy Taylor - President and Chief Executive Officer Lloyd Hajdik - Executive Vice President and Chief Financial Officer Conference Call Participants Ian MacPherson - Piper Sandler Stephen Gengaro - Stifel Nicolaus and Company John Daniel - Daniel Energy Partners Operator Welcome to the Oil States International Incorporated Th ...
Oil States International(OIS) - 2021 Q2 - Earnings Call Transcript
2021-07-31 21:35
Oil States International, Inc. (NYSE:OIS) Q2 2021 Earnings Conference Call July 29, 2021 11:00 AM ET Company Participants Ellen Pennington - Counsel & Assistant Corporate Secretary Cindy Taylor - President and CEO Lloyd Hajdik - Executive Vice President and Chief Financial Officer Conference Call Participants Stephen Gengaro - Stifel Operator Good morning, and welcome to the Oil States International Second Quarter '21 Earnings Conference Call. My name is Zanera, and I'll be the operator for today's call [Op ...
Oil States International(OIS) - 2021 Q2 - Quarterly Report
2021-07-29 21:06
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, 2021 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 ...