Oil States International announced Q1 2025 consolidated revenues of $159.9 million, with net income reaching $3.2 million, or $0.05 per share. Adjusted EBITDA for the quarter was $18.7 million. These results included $0.9 million in charges associated with the exit of U.S. land-based facilities that were closed in 2024, reflecting ongoing strategic adjustments.
The Offshore Manufactured Products segment reported revenues of $92.6 million and an Adjusted Segment EBITDA of $17.9 million, with an Adjusted Segment EBITDA margin of 19%. This segment continues to be a key driver for the company, benefiting from international and offshore project activity.
The Completion and Production Services segment generated revenues of $34.5 million, an operating income of $3.5 million, and an Adjusted Segment EBITDA of $8.8 million, achieving an Adjusted Segment EBITDA margin of 25%. The Downhole Technologies segment reported revenues of $32.8 million, an operating loss of $2.1 million, and an Adjusted Segment EBITDA of $1.9 million. Both U.S. land-focused segments faced challenges from industry-wide reductions in completion-related activity.
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