Earnings Releases·Oct 30, 2026, 7:01 AM ET

Oil States International — Third Quarter 2026 Earnings Summary

Consolidated revenues rose 8% sequentially and 3% year-over-year to $169.8 million; adjusted net income increased 1% sequentially and 80% year-over-year to $8.5 million ($0.15 per share), while results exceeded July guidance.
Offshore Manufactured Products drove growth with a 13% sequential revenue increase to $104.4 million and a 7% backlog expansion to $482 million, the highest level since December 2014, supported by a 1.3x book-to-bill ratio.
The Board approved a new $50.0 million stock repurchase authorization expiring in October 2028, following $4.0 million in share purchases during the quarter, alongside $5.1 million in proceeds from asset sales.
Corporate operating losses of $14.1 million included $5.5 million in one-time charges for executive retirement and facility exits, while the company maintains $58.0 million available under its credit agreement and $22.9 million in cash on hand.