Oil States Announces Fourth Quarter 2024 Results
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Oil States International, Inc. (NYSE: OIS) reported its Q4 2024 financial results, showing a 6% sequential decline and a 21% year-over-year decline in revenues. However, the company turned its operating and net income positive compared to the previous quarter and the same quarter last year.
February 21, 2025 | 12:15 pm
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Oil States International reported a 6% sequential and 21% year-over-year decline in revenues for Q4 2024. Despite this, the company achieved positive operating and net income, marking a significant improvement from previous losses.
The positive net income and operating income indicate a turnaround from previous losses, which is a positive sign for investors. Despite the revenue decline, the profitability improvement could lead to a positive short-term impact on the stock price.
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