Filing Flows › Oil States International (OIS) › Q1 2025
Oil States International (OIS) Q1 2025 earnings results (first quarter 2025)
10-Q filed May 1, 2025
Oil States International (OIS) reported revenue of $160M for the first quarter 2025 (Q1 2025), -4% from a year earlier and -3% from the quarter before. Operating margin was 3.5%, net earnings $3.2M (2.0% of revenue).
Oil States International, Q1 2025: revenue $160M (-4% year over year), operating margin 3.5%, net earnings $3.2M, operating cash flow $9.3M. The chart follows the revenue to costs, profit and cash.
| Q1 2025 | Amount | Q/Q | Y/Y |
|---|---|---|---|
| Revenue | $160M | -3% | -4% |
| Operating profit | $5.6M | -69% | — |
| Net earnings | $3.2M | -79% | — |
| Operating cash flow | $9.3M | -49% | — |
| Free cash flow | $137K | -97% | — |
What changed
Revenue was $159.9M in Q1 2025, down 4% year over year and down 3% from the previous quarter. Offshore Manufactured Products was the largest line at 58% of revenue. Completion and Production Services lost $12.8M year over year (down 27%), 174% of the total change.
Operating profit was $5.6M, a 3.5% margin (up 10.2 points year over year). Total costs fell 14% while revenue fell 4%. Net earnings were $3.2M. The effective tax rate was 24.8%.
Operating cash flow was $9.3M, 294% of net earnings. Non-cash charges added back $12.0M of depreciation and amortization and $1.8M of share-based compensation. Working capital and other items used $7.7M. Capital expenditures of $9.2M left free cash flow of $137K.
Questions
What was Oil States International's revenue in the first quarter 2025?
Oil States International (OIS) reported revenue of $160M for the first quarter 2025 (Q1 2025), -4% from a year earlier and -3% from the quarter before.
Was Oil States International profitable in the first quarter 2025?
Operating profit was $5.6M (3.5% of revenue) and net earnings $3.2M.