Business Context and Reporting Period
This Form 8-K was filed by Oil States International, Inc. on June 4, 2003. The report serves as a Regulation FD disclosure to provide additional segment and operating data for the two-year period ended December 31, 2002, supplementing the company's Q1 2003 results previously announced on April 28, 2003.
Key Financial Metrics
The filing text does not provide specific numerical values for revenue, profit, cash flow, margins, debt, or liquidity. It references the use of EBITDA (Earnings Before Interest, Taxes, Depreciation, and Amortization) as a non-GAAP measure, defined as operating income plus depreciation and amortization expense. Detailed figures are contained in the referenced Exhibit 99.1 and the company's Annual Report on Form 10-K.
Material Changes
No specific material changes in financial performance are quantified within the text of this filing. The document acts as a conduit to disclose historical quarterly segment data for the two years ended December 31, 2002, which was not fully detailed in the prior Q1 2003 press release.
Guidance, Outlook, and Risks
The filing does not contain forward-looking guidance, management commentary on future outlook, or specific risk factors. It strictly focuses on the disclosure of historical operating data to ensure compliance with Regulation FD.
Investor Verification Checklist
- Review Exhibit 99.1 for the specific quarterly segment and operating data for the two years ended December 31, 2002.
- Consult the Annual Report on Form 10-K (specifically footnote 4 on page 23) for the detailed reconciliation of EBITDA to GAAP net income.
- Verify the Q1 2003 financial results announced in the press release dated April 28, 2003.