Oil States reports Q4 EPS 5c, consensus 4c

Reports Q4 revenue $202.4M, consensus $198.62M. Oil States’ President and Chief Executive Officer, Cindy B. Taylor, stated, "With continued improvement in industry fundamentals throughout 2022 – both domestically and internationally, Oil States reported positive operating and net income for a second consecutive quarter as we concluded our current fiscal year. Sequentially, consolidated fourth quarter revenues increased $13.0 million and operating income rose $4.3 million, excluding a litigation-related settlement gain recorded in the prior period. This quarter-over-quarter growth reflects improved offshore-project activity and backlog conversion, complimenting continuing improvement in U.S. land-based markets."