Business Context and Reporting Period
Company: Oil States International, Inc.
Filing Type: Form 8-K (Current Report)
Date of Report: November 4, 2010
Event Date: November 3, 2010
Context: The filing discloses a material contract award under Regulation FD (Item 7.01).
Key Financial Metrics
This filing does not report consolidated revenue, profit, cash flow, margins, debt, or liquidity metrics. It specifically reports a single contract award value.
- New Contract Value: Approximately $29 million.
- Contract Scope: Tendon mooring equipment for a tension leg platform.
- Location: Campos Basin, offshore Brazil.
- Subsidiary: Oil States Industries (wholly owned).
Material Changes
The filing announces a new business development rather than a change in historical financial performance. The award of the $29 million contract represents a material event for the Company's order book and future revenue potential.
Guidance, Outlook, and Risks
Management Commentary: The Company issued a press release (Exhibit 99.1) to announce the contract award.
Outlook: No specific financial guidance or forward-looking projections were included in this text.
Risks and Contingencies: The filing text does not provide specific risk factors or contingencies related to this contract. It notes that the information is not deemed "filed" for purposes of Section 18 of the Securities Exchange Act of 1934 and will not be incorporated by reference into other filings unless expressly stated.
Investor Verification Checklist
- Verify the terms and expected revenue recognition timeline for the $29 million Brazil contract.
- Review the full text of the press release (Exhibit 99.1) for additional project details.
- Assess the impact of this contract on the Company's backlog and future quarterly results.
- Confirm if there are any specific performance risks associated with offshore operations in the Campos Basin.