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Dec 31, 2019
Oil States Q4 2019 Earnings Report
Reported a net loss due to a non-cash goodwill impairment charge and decline in U.S. land-based completion activity.
Key Takeaways
Oil States International, Inc. reported a net loss for the fourth quarter of 2019 of $175.6 million, or $2.95 per share, impacted by a non-cash goodwill impairment charge of $165.0 million. Revenues for the quarter were $238.4 million. The company generated strong free cash flow, which was used to further reduce debt.
Net loss for the fourth quarter of 2019 was $175.6 million, or $2.95 per share.
Revenues for the fourth quarter of 2019 were $238.4 million.
Completion Services business was significantly affected by the decline in U.S. land-based completion activity.
Backlog in Offshore/Manufactured Products segment totaled $280 million at December 31, 2019.
Revenue by Segment
Forward Guidance
Company remains focused on providing value-added products and services to meet customer demands while adjusting capital investment plans and cost structure to align with the current market environment.
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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