reports
Oceaneering Announces Department of Defense Contract Award
HOUSTON--(BUSINESS WIRE)-- Oceaneering International, Inc. (“Oceaneering”) (NYSE:OII) announced that its Aerospace and Defense Technologies (ADTech) segment has been down-selected from multiple teams and awarded a multi-year contract by the U.S. Department of Defense to design, build, test, and deliver a maritime mobility system. Rod Larson, Oceaneering’s President and Chief Executive Officer, stated: “We are pleased to have secured this contract with the Department of Defense which, at the time of award, is the largest initial contract value in Oceaneering’s history. This award demonstrates ...
Oceaneering to Participate at 2025 Investor Conferences: Thrive Energy...
HOUSTON--(BUSINESS WIRE)-- Oceaneering International, Inc. ("Oceaneering") (NYSE:OII) announced today that President and Chief Executive Officer Rod Larson is scheduled to participate at the Thrive Energy Conference in Houston, TX on March 5, where he will participate on the "Offshore Drilling & Services: What is the new world order for offshore?” panel and meet with institutional investors. Mr. Larson will also attend the Pickering Energy Partners Gulf of America & Offshore Services Deep Dive Conference in New Orleans, LA on March 26 where he will be joined by Chief Financial Officer Alan Cur...
Oceaneering Reports Fourth Quarter 2024 and Full Year 2024 Results
HOUSTON--(BUSINESS WIRE)-- Oceaneering International, Inc. ("Oceaneering") (NYSE:OII) today reported fourth quarter and full year 2024 results. Fourth Quarter 2024 Results Revenue of $713 million, a 9% increase year over year Operating income of $77.9 million, a 64% increase year over year Net income of $56.1 million, a 26% increase year over year Adjusted EBITDA of $102 million, a 35% increase year over year Cash flow provided by operating activities of $128 million and free cash flow of $94.5 million, with an ending cash position of $498 million Full Year 2024 Results Revenue ...
Oceaneering to Participate at the J.P. Morgan 2025 Global Leveraged Fi...
HOUSTON--(BUSINESS WIRE)-- Oceaneering International, Inc. ("Oceaneering") (NYSE:OII) announced today that members of management will participate at the J.P. Morgan Global Leveraged Finance Conference on Tuesday, February 25. Chief Financial Officer Alan R. Curtis will make a presentation, and Mr. Curtis and Hilary Frisbie, Senior Director Investor Relations, will also meet with institutional investors. The conference handout will be available on the Investor Relations page of Oceaneering's website at after market close on Monday, February 24, 2025. Oceaneering is a global technology comp...
Oceaneering Announces Dates for Fourth Quarter and Full Year 2024 Earn...
HOUSTON--(BUSINESS WIRE)-- Oceaneering International, Inc. (“Oceaneering”) (NYSE:OII) announces that it will report financial results for the fourth quarter and full year of 2024 on Wednesday, February 19, 2025, 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 fourth quarter and full year 2024 results and outlook for fiscal year 2025 for Thursday, February 20, 2025, at 10:00 a.m. Central Time. Interested parties may listen to the call through a...
Oceaneering to Participate at the 2025 Goldman Sachs Global Energy, Cl...
HOUSTON--(BUSINESS WIRE)-- Oceaneering International, Inc. ("Oceaneering") (NYSE:OII) announced today that President and Chief Executive Officer Rod Larson will participate on the Goldman Sachs Global Energy Conference panel "Differentiating in the Oilfield with Specialized Services." Mr. Larson, Senior Vice President and Chief Financial Officer Alan R. Curtis, and Investor Relations Senior Director Hilary Frisbie will also meet with institutional investors at the conference to be held in Miami, FL on Tuesday, January 7, 2025. The latest Investor Relations presentation is available on the In...
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...
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