NYSE$OIS

Oil States International Inc · Q4 2021 earnings

Q4 2021 earnings · · Investor relations

Briefing

Oil States reported a net loss with increased revenues and adjusted consolidated EBITDA.

Oil States International, Inc. reported Q4 2021 results with a net loss of $19.9 million, or $0.33 per share. Revenues were $161.3 million and Adjusted Consolidated EBITDA was $13.4 million. The company's Offshore/Manufactured Products segment led the growth, while the Well Site Services segment experienced a revenue decrease due to seasonal factors and hurricane recovery efforts.

  • Consolidated revenues increased sequentially by 15% and Adjusted Consolidated EBITDA increased sequentially by 57%.
  • Offshore/Manufactured Products segment revenues increased by 34% sequentially, driven by higher sales of project-driven production, testing and connector products.
  • Well Site Services segment revenues decreased 6% from the prior quarter due to seasonal decline and hurricane recovery efforts.
  • Backlog grew to $260 million at December 31, 2021 with quarterly bookings of $105 million.

Headline financials

Total Revenue

$161M

Previous: $137M+17.4%
EPS (adj)

-$0.14

Previous: -$0.21+33.3%
Book-to-bill Ratio

1.1

Previous: 0.9+22.2%
Capital Expenditures

$6.54M

Previous: $1.47M+344.3%
Free Cash Flow

-$19.9M

Previous: $141K-14226.2%
Net Income

-$19.9M

Previous: -$18.7M-6.4%
Operating Income

-$6.7M

Previous: -$28.4M+76.4%
Gross Profit

$9.42M

Previous: -$1.37M+787.9%
Cash & Equivalents

$52.9M

Previous: $72M-26.5%
Total Assets

$1.08B

Previous: $1.15B-6.2%
Stock-Based Comp

$1.63M

Previous: $3.09M-47.2%

Revenue & EPS history

Oil States · Revenue · Quarterly

$161M

Q4 2021+17.4%vs Q4 2020
Beat estimate in 5 of 16 quarters(31%)
ActualEstimate

Revenue by segment

Oil States · $134M total across 2 segments · Q3 2023

  • Offshore Manufactured Products
    $111M+15.7%
  • Downhole Technologies
    $23.4M-28.6%

Forward guidance

The company is focused on delivering superior products and services to its customers, which are expected to provide sustainable returns to the Company and its stakeholders as industry activity continues to recover from the harsh effects of the COVID-19 pandemic. The company is focused on profitable product and service lines and will allocate capital accordingly.

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 2021

Historical avgQ4 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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