Oil States Announces First Quarter 2021 Results of Operations
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Oil States (OIS) Tops Q1 EPS by 1c, Revenues Miss
April 28, 2021 5:19 PM EDTOil States (NYSE: OIS) reported Q1 EPS of ($0.26), $0.01 better than the analyst estimate of ($0.27). Revenue for the quarter came in at $125.59 million versus the consensus estimate of $141.43 million.
First quarter 2021 highlights and corporate actions included:
Entered into a new asset-based credit facility providing for borrowings of up to $125 millionIssued $135 million principal amount of 4.75% convertible senior notes due 2026Purchased $125 million principal amount of 1.50% convertible senior notes due 2023 for cash totaling $120 millionImplemented additional long-term cost control measures, including personnel reductions and facility... More