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Oil States Announces Fourth Quarter 2024 Results

1. OIS Q4 shows revenue decline with strong turnaround in operating and net income. Earnings reversal may drive near-term optimism.

Earnings
-11.73%Current Return
VS
-1.71%S&P 500
$5.3702/21 07:08 AM EDTEvent Start
$4.7402/24 07:27 AM EDTLatest Updated
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FAQ

Why Bullish?

Despite a 21% YoY revenue drop, the marked shift from losses to profits in operating and net income signals operational improvement. Historical turnaround events, such as similar episodes in industrial sectors, led to positive price reactions.

How important is it?

The reversal from negative to positive earnings is a pivotal catalyst for investor sentiment, though revenues are declining; this mix makes the report significant yet nuanced.

Why Short Term?

The quarterly earnings report is likely to prompt immediate market reactions as investors revalue OIS prospects based on recent profit improvements.

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NOVHALSLB
HOUSTON--(BUSINESS WIRE)--Oil States International, Inc. (NYSE: OIS):   Three Months Ended   % Change (Unaudited, In Thousands, Except Per Share Amounts) December 31, 2024   September 30, 2024   December 31, 2023   Sequential   Year-over- Year Consolidated results:                   Revenues $ 164,595     $ 174,348     $ 208,266     (6 )%   (21 )% Operating income (loss)(3) $ 18,484     $ (11,041 )   $ 7,830     n.m.   136 % Net income (loss) $ 15,164     $ (14,349 )   $ 5,963     n.m.   154 %.

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