OIL STATES INTERNATIONAL Business Summary

Oil States International, Inc. (OIS) is a global provider of highly engineered manufactured products and specialized services for the energy, industrial, and military sectors. The company generates revenue through a mix of capital equipment sales, consumable product pull-through, and service-based fees, including daily rental rates for field equipment and technicians. Its operations are structured into three primary segments: Offshore/Manufactured Products, which designs and produces critical subsea and floating production systems; Completion and Production Services, providing equipment and personnel for well-site flow maintenance; and Downhole Technologies, which focuses on consumable completion tools and perforating systems. OIS competes directly with large-scale integrated service providers such as Baker Hughes, SLB (Schlumberger), Halliburton, and NOV Inc., positioning itself as a specialized, technology-led niche player with a dominant footprint in deepwater offshore and international markets. The company’s modern corporate lineage traces back to 1937 with Henry Zarrow’s oilfield supply store, though the current entity was formally established in 1995 as CE Holdings, Inc. through a consolidation led by SCF Partners and L.E. Simmons. The leadership team is headed by President and CEO Cindy B. Taylor, a CPA who has led the firm since 2007 and previously served as CFO of L.E. Simmons & Associates. She is supported by Executive Vice President and CFO Lloyd A. Hajdik and COO Philip S. "Scott" Moses, a long-tenured executive who joined the firm in 1996. The company is overseen by an independent board chaired by Robert Potter and includes notable industry veterans such as Lawrence R. Dickerson, former CEO of Diamond Offshore, and Denise Castillo-Rhodes, CFO of the Texas Medical Center. Major institutional backers include BlackRock, Vanguard, and Jana Partners.