Oil States International, Inc. Reports Earnings Results for the Third Quarter and Nine Months Ended September 30, 2022
October 27, 2022 at 05:00 pm EDT
Share
Oil States International, Inc. reported earnings results for the third quarter and nine months ended September 30, 2022. For the third quarter, the company reported revenue was USD 189.39 million compared to USD 140.53 million a year ago. Net income was USD 2.14 million compared to net loss of USD 13.04 million a year ago. Basic earnings per share from continuing operations was USD 0.03 compared to basic loss per share from continuing operations of USD 0.22 a year ago. Diluted earnings per share from continuing operations was USD 0.03 compared to diluted loss per share from continuing operations of USD 0.22 a year ago.
For the nine months, revenue was USD 535.27 million compared to USD 411.84 million a year ago. Net loss was USD 12.43 million compared to USD 44.12 million a year ago. Basic loss per share from continuing operations was USD 0.2 compared to USD 0.73 a year ago. Diluted loss per share from continuing operations was USD 0.2 compared to USD 0.73 a year ago.
Oil States International, Inc. is a global provider of manufactured products and services to customers in the energy, industrial and military sectors. The Company's manufactured products include highly engineered capital equipment, as well as products consumed in the drilling, well construction and production of oil and natural gas. It operates through three segments. The Offshore/Manufactured Products segment designs, manufactures and markets capital equipment utilized on floating production systems, subsea pipeline infrastructure, and offshore drilling rigs and vessels, along with short-cycle and other products. The Well Site Services segment includes a range of equipment and services that are used to drill for, establish and maintain the flow of oil and natural gas from a well throughout its life cycle. The Downhole Technologies segment provides oil and gas perforation systems and downhole tools in support of completion, intervention, wireline and well abandonment operations.
OIL STATES INTERNATIONAL, INC. 
