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Oil States Announces First Quarter 2021 Results of Operations

Oil States Announces First Quarter 2021 Results of Operations /EIN News/ HOUSTON, April 28, 2021 (GLOBE NEWSWIRE) Oil States International, Inc. (NYSE: OIS) reported a net loss of $15.8 million, or $0.26 per share, for the first quarter of 2021, which included non-cash fixed asset impairment charges of $0.7 million ($0.5 million after-tax, or $0.01 per share), severance and restructuring charges of $3.4 million ($2.7 million after-tax, or $0.04 per share) and non-cash gains on extinguishment of convertible senior notes of $3.6 million ($2.9 million after-tax, or $0.05 per share). During the first quarter of 2021, the Company generated revenues of $125.6 million and Adjusted Consolidated EBITDA (Note A) of $6.1 million (excluding $3.4 million of severance and restructuring charges). These results compare to revenues of $137.4 million and Adjusted Consolidated EBITDA of $2.2 million reported in the fourth quarter of 2020 (excluding $2.7 million of severance and

Oceaneering Reports First Quarter 2021 Results

Oceaneering Reports First Quarter 2021 Results News provided by Share this article Share this article HOUSTON, April 28, 2021 /PRNewswire/  Oceaneering International, Inc. ( Oceaneering ) (NYSE:OII) today reported a net loss of $9.4 million, or $(0.09) per share, on revenue of $438 million for the three months ended March 31, 2021.  Adjusted net income was $2.8 million, or $0.03 per share, reflecting, among other things, the impact of $3.2 million of pre-tax adjustments associated with restructuring and other expenses and foreign exchange losses recognized during the quarter, and $9.6 million of discrete tax adjustments. During the prior quarter ended December 31, 2020, Oceaneering reported a net loss of $25 million, or $(0.25) per share, on revenue of $424 million.  Adjusted net income was $1.8 million, or $0.02 per share, reflecting, among other things, the impact of $9.8 million of pre-tax adjustments associated with asset impairments and write-offs, restructuring

Oceaneering s Manufactured Products Segment Wins Contracts in Excess of $135 Million

Oceaneering s Manufactured Products Segment Wins Contracts in Excess of $135 Million News provided by Share this article Share this article HOUSTON, April 27, 2021 /PRNewswire/  Oceaneering International, Inc. (NYSE:OII) announced that its Manufactured Products segment has won multiple contracts during the first four months of 2021, with anticipated aggregate revenue in excess of $135 million.  The anticipated revenue from these contracts with international oil and gas operators and marine construction companies ranges in value from less than $10 million to greater than $90 million. Each contract scope of work involves the manufacture of subsea production umbilicals and umbilical termination hardware at one of Oceaneering s facilities, located in Panama City, Florida, Niteroi, Brazil, and Rosyth, Scotland.  Manufacturing of the umbilicals is expected to commence promptly, with production schedules ranging in duration from several months to five years. 

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