Oil States International, Inc. (NYSE:OIS) reported better-than-expected fourth-quarter earnings on Friday.
Oil States International reported quarterly earnings of 13 cents per share which beat the analyst consensus estimate of 10 cents per share. The company reported quarterly sales of $178.464 million which missed the analyst consensus estimate of $180.158 million.
“Our team achieved another strong quarter, reporting Adjusted EBITDA that exceeded our guidance and quarterly cash flows from operations at historically high levels. During the quarter, we used our strong cash position to retire $50 million of our convertible notes outstanding. We also secured strong bookings in the quarter driving meaningful backlog growth. …