NYSE$OIS

Oil States International Inc · Q4 2019 earnings

Q4 2019 earnings · · Investor relations

Briefing

Reported a net loss due to a non-cash goodwill impairment charge and decline in U.S. land-based completion activity.

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.

Headline financials

Total Revenue

$238M

Previous: $274M-13.0%
EPS (adj)

-$0.16

Previous: -$0.19+15.8%
Book-to-bill Ratio

0.9

No prior period
Capital Expenditures

$10.3M

Previous: $16.7M-38.6%
Free Cash Flow

$11.3M

Previous: $6.33M+77.8%
Net Income

-$176M

Previous: -$14.3M-1124.9%
Operating Income

-$170M

Previous: -$9.94M-1614.3%
Gross Profit

$16.3M

Previous: $25.7M-36.5%
Cash & Equivalents

$8.5M

Previous: $19.3M-56.0%
Total Assets

$1.73B

Previous: $2B-13.8%
Stock-Based Comp

$3.95M

Previous: $6.1M-35.3%

Revenue & EPS history

Oil States · Revenue · Quarterly

$238M

Q4 2019-13%vs Q4 2018
Beat estimate in 7 of 16 quarters(44%)
ActualEstimate

Revenue by segment

Oil States · $147M total across 2 segments · Q4 2019

  • Offshore Manufactured Products
    $108M
  • Downhole Technologies
    $38.4M

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.

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 Q4 2019

Historical avgQ4 2019

+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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