International and Offshore Revenue Growth
International and offshore revenues grew to 72% of consolidated revenues for Q4 2024, driven by strong demand and strategic optimization of the US land-driven business.
Successful Sale of Idled Facility
Oil States International completed the sale of a previously idled facility, netting cash proceeds of $24.8 million and a pre-tax gain of $15.3 million.
Shareholder Returns and Cash Flow Generation
Generated $18 million in cash flows from operations and repurchased $9 million of common stock in Q4 2024. Strong free cash flow expected in 2025 to support further shareholder returns.
Offshore Manufactured Product Segment Growth
The segment grew 5% sequentially, generating revenues of $107 million and adjusted segment EBITDA of $25 million, with a margin of 23% in Q4 2024.
Positive Market Momentum and Strategic Investments
Expectations of strong capital investments in offshore and international projects, driven by growing global power demand and recent FIDs. Positive market momentum for managed pressure drilling systems and other advanced technologies.