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Stock impact report

Oil States Closes on Facility Sale and Updates Share Repurchases

Oil States International, Inc. (OIS) 
Last oil states international, inc. earnings: 4/29 05:15 pm Check Earnings Report
US:NYSE Investor Relations: ir.oilstatesintl.com/investor-relations
Company Research Source: Business Wire
HOUSTON--(BUSINESS WIRE)--Oil States International, Inc. (NYSE:OIS): During its Third Quarter 2024 Earnings Conference Call held on October 30, 2024, Oil States provided a strategic update announcing several important initiatives including business unit optimization, the exit of certain U.S. domestic underperforming business lines and locations, continued investment in new technologies including Managed Pressure Drilling (MPD) systems, the generation of free cash flow to facilitate growth and the enhancement of stockholder returns via an increased share repurchase authorization.To provide an update on these initiatives, Oil States is pleased to announce that it has completed the sale of a previously idled facility generating net proceeds of $24.8 million. Together with cash on-hand and cash flows generated from its operations, net debt will continue to be reduced.In addition, since implementing its new $50 million share repurchase authorization plan in October 2024, Oil States has Show less Read more
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