Oil States International Forecasts Q4 Revenue Between $172M and $184M
Oil States International (OIS) has provided its financial guidance for the fourth quarter, projecting revenue in the range of $172 million to $184 million. The company also expects adjusted EBITDA to fall between $20 million and $23 million during this period. CEO Lloyd Hajdik noted that the company is strategically pivoting toward offshore and international market demand. Despite volatility in crude prices caused by geopolitical disruptions, management believes the overall market environment for their services continues to strengthen.
Tickers: $OIS
Topics: crude oil prices earnings call geopolitical disruptions offshore demand