Business Context and Reporting Period
Company: Oil States International, Inc.
Filing Type: Form 8-K (Current Report)
Date of Report: July 1, 2009
Event: Award of a support services contract to PTI Group Inc., the company's Canadian accommodations subsidiary.
Key Financial Metrics
This filing reports a specific contract award rather than periodic financial results. Consequently, the filing text does not provide clear values for revenue, profit, cash flow, margins, debt, or liquidity for the reporting period.
- Contract Value: CDN $30.2 million
- Client: Canadian Department of National Defense (DND) via Defense Construction Canada (DCC)
- Scope: Field accommodations and catering services for the Vancouver 2010 Winter Games
Material Changes
The filing does not present comparative financial data or material changes to prior periods. The primary material event is the new contract award announced on July 1, 2009.
Guidance, Outlook, and Risks
Management Commentary: The filing serves to disclose the contract award and incorporates a press release by reference. No specific forward-looking guidance or outlook is provided within the text of this 8-K.
Risks and Contingencies: The filing includes a standard disclaimer stating that the information contained in the report and exhibit shall not be deemed "filed" for purposes of Section 18 of the Securities Exchange Act of 1934 and shall not be incorporated by reference into other filings except as expressly set forth.
Investor Verification Checklist
- Verify the terms and duration of the CDN $30.2 million contract with the Canadian Department of National Defense.
- Review the attached press release (Exhibit 99.1) for specific performance obligations and revenue recognition timelines.
- Confirm the impact of this contract on PTI Group Inc.'s operational capacity for the 2010 Winter Games.
- Check subsequent filings for any updates on contract execution or potential modifications.