OIS - Oil States International: Meandering Growth Prompts A Wait

• Oil States International will benefit from subsea floating and fixed production systems in the US and international markets.
• The company's backlog improved in Q1, while the book-to-bill ratio declined slightly from a quarter ago but stayed above one.
• Lower revenues from projects due to the adverse timing of the underlying project schedules can mitigate some of the topline growth potentials.
• Cash flows staying negative can be a concern for the investors; but with robust liquidity, the financial risks are low.

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