Oil States International, Inc. Reports Earnings Results for the First Quarter Ended March 31, 2022
April 28, 2022 at 05:15 pm EDT
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Oil States International, Inc. reported earnings results for the first quarter ended March 31, 2022. For the first quarter, the company reported revenue was USD 164.04 million compared to USD 125.59 million a year ago. Net loss was USD 9.42 million compared to USD 15.81 million a year ago. Basic loss per share from continuing operations was USD 0.16 compared to USD 0.26 a year ago. Diluted loss per share from continuing operations was USD 0.16 compared to USD 0.26 a year ago.
Oil States International, Inc. is a global provider of manufactured products and services to customers in the energy, industrial and military sectors. The Company's manufactured products include highly engineered capital equipment, as well as products consumed in the drilling, well construction and production of oil and natural gas. It operates through three segments. The Offshore/Manufactured Products segment designs, manufactures and markets capital equipment utilized on floating production systems, subsea pipeline infrastructure, and offshore drilling rigs and vessels, along with short-cycle and other products. The Well Site Services segment includes a range of equipment and services that are used to drill for, establish and maintain the flow of oil and natural gas from a well throughout its life cycle. The Downhole Technologies segment provides oil and gas perforation systems and downhole tools in support of completion, intervention, wireline and well abandonment operations.
OIL STATES INTERNATIONAL, INC. 
