Oil States International ( (OIS) ) has released its Q4 earnings. Here is a breakdown of the information Oil States International presented to its investors.
Oil States International, Inc. is a global provider of manufactured products and services for the energy, industrial, and military sectors, specializing in highly engineered capital equipment and consumable products. Headquartered in Houston, Texas, the company operates manufacturing and service facilities worldwide and is publicly traded on the New York Stock Exchange under the symbol ‘OIS’.
In its fourth quarter of 2024 earnings report, Oil States International announced a net income of $15.2 million, equating to $0.24 per share. This figure included a notable gain from the sale of a facility, somewhat offset by restructuring charges. The company reported consolidated revenues of $164.6 million, marking a 6% sequential decline primarily due to decreased U.S. land-based activity.
Key highlights from the report include an adjusted net income of $5.5 million and an adjusted EBITDA of $18.7 million. The company generated $18.2 million in cash flows from operations and completed a $9.1 million repurchase of common stock. Revenues from the Offshore Manufactured Products segment increased by 5% sequentially, showing resilience in offshore and international operations, which contrasted with declines in U.S. land-based activities.
Despite the challenges in the U.S. market, Oil States International continues to focus on strategic optimization of its business mix, particularly within its Completion and Production Services and Downhole Technologies segments. The company is looking to improve U.S. operational performance by exiting commoditized business lines, which should enhance future operating margins.
Looking ahead, Oil States International remains optimistic about its offshore and international project-driven businesses, with an emphasis on growing market acceptance of its new technology offerings. The company’s management is committed to strategic initiatives that optimize business operations and capital allocation to enhance future performance.