Oil States reports Q4 adjusted EPS 13c, consensus 10c

Reports Q4 revenue $178.47M, consensus $178.92M. Oil States (OIS)’ president and CEO, Cindy Taylor, stated: “Our team achieved another strong quarter, reporting Adjusted EBITDA that exceeded our guidance and quarterly cash flows from operations at historically high levels. During the quarter, we used our strong cash position to retire $50 million of our convertible notes outstanding. We also secured strong bookings in the quarter driving meaningful backlog growth. We are essentially complete with our U.S. land restructuring initiatives and are poised for long-term growth, technology differentiation and meaningful stockholder returns.”