Oil States International, Inc. Reports Earnings Results for the Second Quarter Ended June 30, 2021
July 28, 2021 at 05:11 pm EDT
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Oil States International, Inc. announced earnings results for the second quarter ended June 30, 2021. For the second quarter, the company announced total revenue was USD 145.724 million compared to USD 146.245 million a year ago. Operating loss was USD 17.618 million compared to USD 33.334 million a year ago. Net loss was USD 15.271 million compared to USD 24.626 million a year ago. Basic loss per share from continuing operations was USD 0.25 compared to USD 0.41 a year ago. For the half year, total revenue was USD 271.313 million compared to USD 365.939 million a year ago. Operating loss was USD 37.380 million compared to USD 475.136 million a year ago. Net loss was USD 31.081 million compared to USD 429.667 million a year ago. Basic loss per share from continuing operations was USD 0.52 compared to USD 7.19 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. 
