Oil States International Reports Q3 Earnings Beat on Revenue and EPS
Oil States International (OIS) reported third-quarter financial results that exceeded analyst expectations for both earnings per share and revenue. The company posted a Non-GAAP EPS of $0.15, surpassing estimates by $0.03, while total revenue reached $169.76 million, representing a 2.8% increase year-over-year and beating projections by $7.13 million. The results were bolstered by strong performance in the Offshore Manufactured Products segment, which saw a 13% sequential revenue increase. Additionally, the company's backlog grew by 7% compared to the previous quarter, signaling sustained demand for its products. Adjusted EBITDA for the period was reported at $20 million.
Tickers: $OIS