Business Context and Reporting Period
Company: Oil States International, Inc.
Filing Type: Form 8-K (Current Report)
Date of Report: June 2, 2005
Event: Completion of the acquisition of Phillips Casing and Tubing, L.P. ("Phillips").
Key Financial Metrics
Transaction Consideration: $31.4 million.
Target Business: Phillips distributes oil country tubular goods throughout the United States.
Other Metrics: The filing text does not provide a clear value for revenue, profit, cash flow, margins, debt, or liquidity specific to this transaction or the company's overall financial position at this date.
Material Changes
The primary material change is the expansion of the Company's operations through the acquisition of Phillips. No comparative financial data or prior period changes are detailed in this specific filing.
Guidance, Outlook, and Risks
Management Commentary: The filing references a press release (Exhibit 99.1) regarding the acquisition but does not include specific forward-looking guidance, risk factors, or contingencies within the body of this 8-K text.
Unusual Items: None reported beyond the standard acquisition event.
Investor Verification Checklist
- Verify the final purchase price of $31.4 million and any potential earn-out provisions in the full press release (Exhibit 99.1).
- Confirm the integration timeline and expected synergies from acquiring Phillips Casing and Tubing, L.P.
- Review the Company's subsequent quarterly reports to assess the impact of this acquisition on consolidated revenue and margins.
- Check for any regulatory approvals or conditions precedent that were required for the closing of this transaction.