OIS swings to higher operating income on lower revenue, renews $50M buyback

Filed October 30, 2026 · Period ending September 30, 2026 · Compared to 10-Q Oct 31, 2025 · ~1 min read

Key Changes

• high

  Operating income rose to $6.3M from $4.7M, driven by Downhole Technologies growth and lower D&A, despite $3.3M in executive transition costs and $2.2M in facility exit charges.

  MD&A: Operating income verify on EDGAR →
• high

  Cash flow from operations swung to a $2.8M use of cash in the first nine months of 2026 from $55.0M generated a year earlier, reflecting working capital changes.

  MD&A: Cash flow verify on EDGAR →
• high

  Liquidity tightened: cash fell to $22.9M from $67.1M, while borrowings under the new Cash Flow Credit Agreement totaled $19.8M.

  MD&A: Liquidity verify on EDGAR →