OIS - Oil States GAAP EPS of $0.03 misses by $0.01 revenue of $196.2M beats by $0.55M

2023-04-27 17:22:32 ET

• Oil States press release ( NYSE: OIS ): Q1 GAAP EPS of $0.03 misses by $0.01 .
• Revenue of $196.2M (+19.6% Y/Y) beats by $0.55M .
• Adjusted EBITDA of $21.4 million increased $0.9 million sequentially and $6.9 million year-over-year
• Offshore/Manufactured Products segment's backlog increased sequentially for a third consecutive quarter totaling $326 million as of March 31, with a quarterly book-to-bill ratio of 1.2x
• Received two 2023 Spotlight on New Technology™ Awards from the Offshore Technology Conference for our FTLP™ Floating Wind Platform design and our Active Seat Gate Valve.

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