Loading...
•
Sep 30, 2020
Oil States Q3 2020 Earnings Report
Oil States reported a net loss with revenues aligning with internal forecasts, but with a different mix.
Key Takeaways
Oil States International, Inc. reported a net loss of $20.0 million, or $0.33 per share, for the third quarter of 2020, on revenues of $134.8 million. The company generated $87 million in cash flow from operations and reduced net debt by $92 million.
Third quarter results were generally in line with internal forecasts.
Offshore/Manufactured Products segment results were below previous guidance due to delays in customer activity and timing of orders.
Third quarter bookings improved sequentially to $70 million.
Generated $87 million in cash flow from operations and reduced our net debt by $92 million.
Historical Earnings Impact
Analyze how earnings announcements historically affect stock price performance
Avg. Return Before/After Earnings
Loading earnings performance data...
Loading earnings reaction data...