Oil States reports Q2 adjusted EPS 9c, consensus 8c

Reports Q2 revenue $165.41M, consensus $170.74M. Oil States (OIS)’ president and CEO, Cindy Taylor, stated: “Our consolidated results in the second quarter were driven by continued strength of international and offshore activity supported by backlog growth over recent quarters. Revenues from our Offshore Manufactured Products segment increased 15% sequentially, totaling $107 million, while Adjusted Segment EBITDA totaled $21 million, up 18%. Bookings totaled $112 million in the period, yielding backlog of $363 million and a quarterly book-to-bill ratio of 1.1x.”