reports
Oceaneering Appoints William Merz to Succeed Philip Beierl as Senior V...
HOUSTON--(BUSINESS WIRE)-- Oceaneering International, Inc. (“Oceaneering”) (NYSE:OII) announced the appointment of William Merz to succeed Philip Beierl as Senior Vice President, Aerospace and Defense Technologies (“ADTech”), effective January 1, 2025. In his new role, Mr. Merz will have global responsibility for Oceaneering’s ADTech business segment. Mr. Merz joined Oceaneering in January 2024 as Vice President of Operations, Aerospace and Defense Technologies. Prior to joining Oceaneering, Mr. Merz had a distinguished career in the U.S. Navy that included command of the U.S. Seventh Fleet ...
Oceaneering Announces the Promotion of Benjamin M. Laura to Senior Vic...
HOUSTON--(BUSINESS WIRE)-- Oceaneering International, Inc. (“Oceaneering”) (NYSE:OII) announced the promotion of Benjamin M. Laura to Senior Vice President and Chief Operating Officer (“COO”), effective January 1, 2025. Mr. Laura currently serves as Oceaneering’s Senior Vice President and Chief Innovation Officer, a position he has held since 2022. He joined Oceaneering in 2014 as Director, Subsea Services, and has held roles with progressively more responsibility during his tenure. Before joining Oceaneering, he worked for Baker Hughes Incorporated as Vice President and Managing Director fo...
Oceaneering to Participate at Investor Conferences: Bank of America Gl...
HOUSTON--(BUSINESS WIRE)-- Oceaneering International, Inc. ("Oceaneering") (NYSE:OII) announced today that President and Chief Executive Officer Rod Larson is scheduled to meet with institutional investors at the Bank of America Global Energy Conference in Houston, TX on November 12, 2024. Chief Financial Officer Alan Curtis is scheduled to deliver a presentation at the Baird Global Industrial Conference in Chicago, IL on Wednesday, November 13, 2024. Mr. Curtis and Senior Director, Investor Relations, Hilary Frisbie, will also meet with institutional investors. The third quarter presentation...
Oceaneering Acquires Global Design Innovation Ltd.
HOUSTON--(BUSINESS WIRE)-- Oceaneering International, Inc. (NYSE: OII) announced today that it has acquired Global Design Innovation Ltd. (GDi), a UK-based provider of digital and software services. This acquisition is a key step in Oceaneering’s strategy to advance its digital capabilities and broaden the solutions available to its global clients. As the only provider certified by the United Kingdom Accreditation Service (UKAS) to perform remote visual inspection using point cloud data and photographic images, GDi brings advanced algorithms and data solutions that, when combined with Oceanee...
Oceaneering Reports Third Quarter 2024 Results
HOUSTON--(BUSINESS WIRE)-- Oceaneering International, Inc. ("Oceaneering") (NYSE:OII) today reported net income of $41.2 million, or $0.40 per share, on revenue of $680 million for the three months ended September 30, 2024. Adjusted net income was $37.2 million, or $0.36 per share, reflecting the impact of $(0.4) million of pre-tax adjustments associated with foreign exchange gains recognized during the quarter, $0.6 million tax effect on adjustments associated with foreign exchange gains, and $(4.2) million of discrete tax adjustments. Summary of Results (in thousands, except per sha...
Oceaneering Announces Dates for Third Quarter 2024 Earnings Release an...
HOUSTON--(BUSINESS WIRE)-- Oceaneering International, Inc. (“Oceaneering”) (NYSE:OII) announces that it will report financial results for the third quarter of 2024 on Wednesday, October 23, 2024, after the close of trading on the New York Stock Exchange. The earnings release will be available on Oceaneering’s website at . Oceaneering has also scheduled a conference call and webcast related to its third quarter results for Thursday, October 24, 2024, at 10:00 a.m. Central Time. Interested parties may listen to the call through a webcast link posted in the Investor Relations section of Oceaneer...
Oceaneering to Participate at the Barclays CEO Energy-Power Conference
HOUSTON--(BUSINESS WIRE)-- Oceaneering International, Inc. ("Oceaneering") (NYSE:OII) announced today that President and Chief Executive Officer Roderick A. Larson will participate in a fireside chat at the Barclays CEO Energy-Power Conference on Wednesday, September 4, 2024. Mr. Larson and other members of management will also host meetings with institutional investors. The conference handout is available on the Investor Relations page of Oceaneering’s website at . Oceaneering is a global technology company delivering engineered services and products and robotic solutions to the offshore ...
Oceaneering International Inc: 1 director
A director at Oceaneering International Inc sold 21,070 shares at 27.320USD and the significance rating of the trade was 64/100. Is that information sufficient for you to make an investment decision? This report gives details of those trades and adds context and analysis to them such that you can judge whether these trading decisions are ones worth following. Included in the report is a detailed share price chart which plots discretionary trades by all the company's directors over the last two...
Oceaneering Reports Second Quarter 2024 Results
HOUSTON--(BUSINESS WIRE)-- Oceaneering International, Inc. ("Oceaneering") (NYSE:OII) today reported net income of $35.0 million, or $0.34 per share, on revenue of $669 million for the three months ended June 30, 2024. Adjusted net income was $28.6 million, or $0.28 per share, reflecting the impact of $(1.0) million of pre-tax adjustments associated with foreign exchange gains recognized during the quarter, along with $(5.5) million of expenses related to discrete tax adjustments. Summary of Results (in thousands, except per share amounts) ...
Oceaneering Awarded Multiple Contracts for Vessel Services in the Gulf...
HOUSTON--(BUSINESS WIRE)-- Oceaneering International, Inc. (“Oceaneering”) announced that its Offshore Projects Group (OPG) segment has been awarded multiple contractual agreements for vessel services with global energy companies, covering operations in the Gulf of Mexico. The scope of work under the first contract includes a mix of basic and heavy inspection, maintenance, and repair (IMR) services, including vessel-based inspections, maintenance of smaller equipment, and replacement of jumpers. The contract also encompasses intervention services and installation work, which are currently sc...
Oceaneering Announces Dates for Second Quarter 2024 Earnings Release a...
HOUSTON--(BUSINESS WIRE)-- Oceaneering International, Inc. (“Oceaneering”) announces that it will report financial results for the second quarter of 2024 on Wednesday, July 24, 2024, after the close of trading on the New York Stock Exchange. The earnings release will be available on Oceaneering’s website at . Oceaneering has scheduled a conference call and webcast related to its second quarter results for Thursday, July 25, 2024, at 10:00 a.m. Central Time. Interested parties may listen to the call through a webcast link posted in the Investor Relations section of Oceaneering’s website. A re...
Oceaneering’s Manufactured Products Segment Secures Large Umbilical Co...
HOUSTON--(BUSINESS WIRE)-- Oceaneering International, Inc. (“Oceaneering”) (NYSE:OII) announced that its Manufactured Products segment has secured a large contract with a domestic independent energy company. The anticipated revenue from this contract is approximately $50 million. Oceaneering is contracted to supply an electro-hydraulic, steel tube dynamic umbilical totaling approximately 27 kilometers (17 miles) in length for a project in the Gulf of Mexico. Manufacturing is scheduled for the Panama City, Florida facility, to commence in 2025 with final delivery expected in the second quarte...
Oceaneering to Present at the J.P. Morgan Energy, Power & Renewables C...
HOUSTON--(BUSINESS WIRE)-- Oceaneering International, Inc. ("Oceaneering") (NYSE:OII) President and Chief Executive Officer Roderick A. Larson is scheduled to make a presentation at the J.P. Morgan Energy, Power & Renewables Conference in New York on Tuesday, June 18, 2024. Mr. Larson and Senior Vice President and Chief Financial Officer Alan R. Curtis will also meet with institutional investors. Oceaneering’s First Quarter 2024 Investor Presentation is available on the Investor Relations page of Oceaneering's website at . Oceaneering is a global technology company delivering engineered se...
Oceaneering Announces Manufactured Products Contracts with Petrobras
HOUSTON--(BUSINESS WIRE)-- Oceaneering International, Inc. (NYSE:OII) announced that its Manufactured Products segment has secured two significant contracts with Petroleo Brasileiro S.A. (“Petrobras”) through a competitive bidding process. The expected aggregate net revenue is in the range of $120 million to $183 million. Oceaneering is contracted to supply up to 362 kilometers, or approximately 225 miles, of steel tube and thermoplastic electro-hydraulic umbilicals and associated subsea distribution hardware for use in projects offshore Brazil. Manufacturing of the products is scheduled to ...
- Valens Research
OII - Valens Credit Report - 2024 05 10
Credit markets are slightly overstating credit risk with a YTW of 6.510% relative to an Intrinsic YTW of 6.090% and an Intrinsic CDS of 160bps. Meanwhile, credit markets are overstating the firm's fundamental credit risk, with its Ba2 credit rating four notches lower than Valens' IG4+ (Baa1) credit rating. Incentives Dictate Behavior™ analysis highlights mostly positive signals for credit holders. Management's compensation framework should incentivize them to improve all three value drivers: sa...
- Valens Research
Oceaneering Reports First Quarter 2024 Results
HOUSTON--(BUSINESS WIRE)-- Oceaneering International, Inc. ("Oceaneering") (NYSE:OII) today reported net income of $15.1 million, or $0.15 per share, on revenue of $599 million for the three months ended March 31, 2024. Adjusted net income was $13.9 million, or $0.14 per share, reflecting the positive impact of $(2.2) million in foreign exchange gains, and the associated $0.8 million of tax effects, along with $0.2 million of expenses related to discrete tax adjustments. Summary of Results (in thousands, except per share amounts) ...
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