Oil States International ( (OIS) ) has released its Q1 earnings. Here is a breakdown of the information Oil States International presented to its investors.
Oil States International, Inc. is a global provider of manufactured products and services to the energy, industrial, and military sectors, known for its highly engineered capital equipment and consumable products, with a strategic presence worldwide.
In its first quarter of 2025, Oil States International reported a net income of $3 million, or $0.05 per share, with revenues totaling $160 million. The company faced a slight revenue decline of 3% compared to the previous quarter, largely due to timing issues in project-driven orders within its Offshore Manufactured Products segment.
Key financial highlights include an adjusted net income of $4 million, or $0.06 per share, and an adjusted EBITDA of $19 million. The company generated $9 million in cash flows from operations and repurchased $5 million of its common stock. Notably, the Offshore Manufactured Products segment’s backlog grew by $45 million, reaching its highest level since 2015, supported by a significant contract award in Brazil.
Oil States continues to focus on technological advancements, receiving a 2025 Spotlight on New Technology award for its TowerLok™ Wind Tower Connector Technology. The company is also expanding its manufacturing capabilities in response to growing international demand.
Looking ahead, Oil States remains committed to managing its cost structure and optimizing operations amid a volatile trade environment, while closely monitoring market conditions to ensure stable material supply and customer satisfaction.