NYSE$OIS

Oil States International Inc · Q1 2021 earnings

Q1 2021 earnings · · Investor relations

Briefing

Reported a net loss due to fixed asset impairment, severance and restructuring charges, offset by gains on convertible senior notes.

Oil States International reported a net loss of $15.8 million for Q1 2021, which included several non-cash charges and gains. Revenues were $125.6 million, and Adjusted Consolidated EBITDA was $6.1 million, benefiting from increased U.S. land-based completion activity.

  • First quarter operating results benefited from increased U.S. land-based completion activity.
  • Severe winter weather in February adversely impacted results.
  • Downhole Technologies and Well Site Services segments increased revenues sequentially despite weather conditions.
  • Offshore/Manufactured Products segment decreased revenues but increased EBITDA margins.

Headline financials

Total Revenue

$126M

Previous: $220M-42.8%
EPS (adj)

-$0.16

Previous: -$0.14-14.3%
Book-to-bill Ratio

1.2

Previous: 1+20.0%
Capital Expenditures

-$4.12M

Previous: -$5.88M+29.9%
Free Cash Flow

-$19.9M

Previous: -$411M+95.1%
Net Income

-$15.8M

Previous: -$405M+96.1%
Operating Income

-$19.8M

Previous: -$442M+95.5%
Gross Profit

$23.3M

Previous: $22.1M+5.4%
Cash & Equivalents

$54.5M

Previous: $24.3M+124.3%
Total Assets

$1.12B

Previous: $1.31B-14.3%
Stock-Based Comp

$2.82M

Previous: $1.16M+142.7%

Revenue & EPS history

Oil States · Revenue · Quarterly

$126M

Q1 2021-42.8%vs Q1 2020
Beat estimate in 5 of 16 quarters(31%)
ActualEstimate

Revenue by segment

Oil States · $86M total across 2 segments · Q1 2021

  • Offshore Manufactured Products
    $60.6M-33.6%
  • Downhole Technologies
    $25.4M-38.2%

Forward guidance

The company did not provide specific forward guidance in this earnings report.

Historical earnings impact

How earnings announcements have historically affected this stock's price.

Avg. return before/after earnings

Based on 20 quarterly earnings reports · overlaid with Q1 2021

Historical avgQ1 2021

+1.0%

Avg return

Earnings day

+0.7%

Avg return

5 days after

+1.0%

Avg return

30 days after

53%

36 / 68 earnings

Positive

+25.0%

Q4 2025

Best reaction

-23.9%

Q1 2024

Worst reaction

Earnings price reactions
QuarterReport dateReaction (Day 0)+5 days+30 days
Q1 2026-13.6%-22.3%-22.2%
Q4 2025+25.0%+34.3%+21.6%
Q3 2025+3.5%-2.4%-4.1%
Q1 2025+23.1%+18.8%+23.9%
Q4 2024-11.7%-0.7%-1.5%
Q3 2024+13.2%+12.9%+31.6%
Q2 2024+17.1%+12.4%+9.9%
Q1 2024-23.9%-24.2%-14.3%
Q4 2023-6.9%-9.0%+0.3%
Q3 2023+4.6%+1.0%-3.8%
Q2 2023-11.8%-10.9%-13.7%
Q1 2023-5.6%-8.4%-7.8%
Q4 2022+9.1%+6.0%-15.8%
Q3 2022-0.9%+13.5%+11.8%
Q2 2022-0.8%+0.2%+7.4%
Q1 2022+4.3%+5.4%+19.9%
Q4 2021-1.2%-14.8%+1.1%
Q3 2021+1.3%+12.5%-20.8%
Q2 2021-0.7%-8.7%-0.8%
Q1 2021+6.6%+3.9%+14.6%
Q4 2020-4.5%+4.8%-6.6%
Q3 2020-1.2%+13.9%+89.3%
Q2 2020-6.7%-7.1%-8.5%
Q1 2020+20.7%+14.4%+48.8%
Q4 2019-7.4%-18.5%-81.7%
Q3 2019+7.3%+11.2%+16.0%
Q2 2019+8.1%+1.8%-0.8%
Q1 2019+1.8%+4.6%-13.0%
Q4 2018-1.5%+4.7%-10.5%
Q3 2018+0.9%-2.1%-2.0%
Q2 2018+3.1%-2.7%+1.8%
Q1 2018+12.6%+8.9%+6.1%
Q4 2017-2.7%-1.4%-9.0%
Q3 2017-4.6%+2.0%+0.7%
Q2 2017-9.0%-5.8%-17.7%
Q1 2017-8.3%-11.0%-10.0%
Q4 2016-8.9%-11.3%-19.9%
Q3 2016-4.5%-6.9%+5.6%
Q2 2016+4.3%+7.1%+11.7%
Q1 2016+4.2%
Q4 2015-1.0%
Q3 2015+2.0%
Q2 2015+8.9%
Q1 2015+9.5%
Q4 2014-0.5%
Q3 2014+0.9%
Q2 2014-2.2%
Q1 2014-2.5%
Q4 2013-2.8%
Q3 2013+1.1%
Q2 2013+2.4%
Q1 2013-3.3%
Q4 2012-1.7%
Q3 2012-1.6%
Q2 2012-1.7%
Q1 2012+8.3%
Q4 2011+1.3%
Q3 2011+4.3%
Q2 2011+1.8%
Q1 2010+5.4%
Q1 2011+2.4%
Q4 2008-4.1%
Q4 2010-4.1%
Q3 2010+0.5%
Q3 2009+0.5%
Q2 2010+2.9%
Q2 2009+2.9%
Q4 2009+2.9%

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