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Mar 31, 2023
Oil States Q1 2023 Earnings Report
Reported a net income of $2.2 million with revenue of $196.2 million.
Key Takeaways
Oil States International, Inc. reported net income of $2.2 million, or $0.03 per share, for the first quarter of 2023 on revenues of $196.2 million and Adjusted EBITDA of $21.4 million. The company's operating results were fairly strong relative to industry benchmarks, with net income generation, EBITDA growth, improving margins and backlog growth.
Net income of $2.2 million, or $0.03 per diluted share, reported for the quarter
Revenue of $196.2 million, while down 3% sequentially, increased 20% year-over-year
Adjusted EBITDA of $21.4 million increased $0.9 million sequentially and $6.9 million year-over-year
Offshore/Manufactured Products segment's backlog increased sequentially for a third consecutive quarter totaling $326 million as of March 31, with a quarterly book-to-bill ratio of 1.2x
Revenue by Segment
Forward Guidance
The company did not provide specific forward guidance in this earnings report.
Revenue & Expenses
Visualization of income flow from segment revenue to net income
Historical Earnings Impact
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Avg. Return Before/After Earnings
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