Oil States International, Inc. has released its third-quarter results, revealing a significant 8% increase in revenues, amounting to $170 million. The company also announced a new stock repurchase program worth $50 million, which is set to expire in October 2028. This update is crucial as it highlights the company's ongoing recovery and growth in the oil and gas machinery sector.

Founded in Delaware, Oil States International, Inc. operates within the Oil & Gas Field Machinery & Equipment industry, classified under SIC 3533. The company is listed on the New York Stock Exchange under the ticker symbol OIS. Recent filings include a 10-Q on July 30, 2026, and an 8-K on the same date, among others.

The latest filing indicates that on October 30, 2026, Oil States published a press release detailing its financial performance for the quarter ending September 30, 2026. The report emphasizes that the company generated a net income of $3 million, or $0.05 per share, with an adjusted net income of $8 million, equating to $0.15 per share after excluding certain charges.

In addition to its revenue growth, the company reported an adjusted EBITDA of $20 million. The Offshore Manufactured Products segment saw a notable 13% increase in revenues, while the Downhole Technologies segment generated $42 million, reflecting a 6% sequential increase. Furthermore, the backlog for orders grew by 7% to reach $482 million, marking the highest level since December 2014.

This positive financial outcome may impact various stakeholders, including investors, employees, and competitors within the oil and gas machinery sector. The announcement of the stock repurchase program is particularly significant as it demonstrates the company's confidence in its financial health and future prospects.

As for future steps, the filing does not specify what actions will follow this announcement, leaving stakeholders to monitor the company's performance and strategic decisions closely.