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Oil States International (OIS)
NYSE:OIS
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Earnings Data
Report Date
Feb 12, 2025TBA Not Confirmed
Period Ending
2024 (Q4)Consensus EPS Forecast
0.06Last Year’s EPS
0.09Same Quarter Last Year
Moderate Buy
Based on 2 Analysts Ratings
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Earnings Call Summary
Earnings Call Date:Oct 29, 2018
|% Change Since: 37.32%
|Next Earnings Date:Jul 30, 2018
Earnings Call Sentiment|Neutral
The earnings call presented a mixed outlook. While there were strong performances and strategic collaborations, challenges in certain segments and market conditions negatively impacted the results. The company is making strategic exits and focusing on high-margin segments, which could improve the financial outlook in the future.Company Guidance
During the Oil States International Q3 2024 earnings call, the company provided detailed guidance encompassing various performance metrics. The Offshore/Manufactured Products segment reported revenues of $102 million and adjusted segment EBITDA of $23 million, with a notable bookings increase of 11% sequentially, leading to a backlog of $313 million and a book-to-bill ratio of 1.1x. The company expects to generate between $35 million and $45 million annually from its managed pressure drilling operations. In the Completion and Production Services segment, revenues decreased by 14% sequentially, attributed to weakened U.S. land market conditions and strategic exits of underperforming locations. Adjusted segment EBITDA for this segment was $5.4 million. The Downhole Technologies segment also saw a decrease in revenues to $32 million, with adjusted segment EBITDA of $1 million. Oil States aims to reach net debt zero in 2025, supported by strong cash flow generation, with $29 million in cash flows from operations reported for the quarter. Looking ahead, the company anticipates Q4 adjusted EBITDA to be between $20 million and $23 million, with free cash flow expected to remain robust at approximately $20 million.Strong Offshore/Manufactured Products Performance
Offshore/Manufactured Products segment revenues totaled $102 million with an adjusted EBITDA of $23 million, and bookings increased by 11% sequentially, resulting in a backlog of $313 million and a book-to-bill ratio of 1.1x.
Strategic Collaboration with Seadrill Limited
Announced a non-exclusive collaborative relationship with Seadrill Limited to enhance offshore MPD operations, with expected annual revenue between $35 million and $45 million.
Significant Net Debt Reduction
Generated $29 million in cash flows from operations, leading to a net debt reduction of $20 million, with expectations to be net debt 0 by 2025.
Share Repurchase Authorization
The Board of Directors replaced the existing share repurchase program with a new $50 million authorization, expiring in October 2026.
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OIS Earnings History
The table shows recent earnings report dates and whether the forecast was beat or missed. See the change in forecast and EPS from the previous year.
Beat
Missed
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OIS Earnings-Related Price Changes
Report Date | Price 1 Day Before | Price 1 Day After | Percentage Change |
|---|---|---|---|
| Oct 30, 2024 | $4.18 | $4.64 | +11.00% |
| Jul 29, 2024 | $4.74 | $5.39 | +13.71% |
| Apr 26, 2024 | $5.32 | $4.31 | -18.98% |
| Feb 20, 2024 | $6.10 | $6.06 | -0.66% |
Earnings announcements can affect a stock’s price. This table shows the stock's price the day before and the day after recent earnings reports, including the percentage change.
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FAQ
When does Oil States International (OIS) report earnings?
Oil States International (OIS) is schdueled to report earning on Feb 12, 2025, TBA Not Confirmed.
What is Oil States International (OIS) earnings time?
Oil States International (OIS) earnings time is at Feb 12, 2025, TBA Not Confirmed.
Where can I see when companies are reporting earnings?
You can see which companies are reporting today on our designated earnings calendar.
What companies are reporting earnings today?
You can see a list of the companies which are reporting today on TipRanks earnings calendar.
What is OIS EPS forecast?
OIS EPS forecast for the fiscal quarter 2024 (Q4) is 0.06.
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