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Stock impact report

Oil States Updates Fourth Quarter 2019 Guidance

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: GlobeNewswire
HOUSTON, Jan. 23, 2020 (GLOBE NEWSWIRE) -- Oil States International, Inc. (NYSE:OIS) announced today updated financial estimates for the fourth quarter of 2019 noting weakness associated with the greater than anticipated decline in U.S. land completion activities. Fourth quarter 2019 unaudited revenues for the Well Site Services segment are expected to approximate $92 million with a Segment EBITDA (A) margin of 10%, unaudited revenues for the Downhole Technologies segment are expected to approximate $38 million with a Segment EBITDA margin of 9% and unaudited revenues for the Offshore/Manufactured Products segment are expected to approximate $108 million with a Segment EBITDA margin of 15%. The fourth quarter 2019 Segment EBITDA margin for Offshore/Manufactured Products is expected to be negatively impacted by a $1.7 million bad debt provision on a prior-year receivable from a customer claiming bankruptcy protection. Excluding the $1.7 million provision for bad debt, the estimated S Show less Read more
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