Oil States reports Q4 adjusted EPS 9c, consensus 5c

Reports Q4 revenue $164.6M, consensus $173.33M. Oil States (OIS)’ president and CEO, Cindy Taylor, stated: “Continuing with earlier themes, our offshore and international operations were very resilient in terms of revenue, Adjusted EBITDA and bookings during the fourth quarter. However, sequential improvements in these regions were offset by ongoing declines in our U.S. land driven operations due to extensive holiday slowdowns in activity during the quarter. Our completions work in the Gulf of America was also slow to recover from disruptions noted in the third quarter, but recently has recovered to much higher activity levels.”