Oil States (OIS) Tops Q2 EPS by 6c, Revenues Miss
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Oil States Announces Second Quarter 2020 Results of Operations
July 29, 2020 5:15 PM EDTHOUSTON, July 29, 2020 (GLOBE NEWSWIRE) -- Oil States International, Inc. (NYSE: OIS) reported a net loss of $24.6Â million, or $0.41 per share, for the second quarter of 2020, on revenues of $146.2Â million. Consolidated EBITDA (Note A) was a loss of $4.5Â million. Excluding $5.4Â million of severance and downsizing charges incurred during the quarter, Consolidated EBITDA totaled $0.9Â million. The reported second quarter 2020 net loss included the following more significant charges and gains, which resulted in a net charge of $4.6Â million after-tax, or $0.08 per share:
Severance and downsizing charges totaled $5.4Â million ($4.3Â million after-tax, or $0.07 per... More