Oceaneering

Oceaneering International, Inc. engages in the provision of engineered services and products. It operates through the following business segments: Subsea Robotics, Manufactured Products, Offshore Projects Group (OPG), Integrity Management & Digital Solutions (IMDS), and Aerospace and Defense Technologies (ADTech). The Subsea Robotics segment consists of remotely operated vehicles for drilling support and vessel-based services, including subsea hardware installation, construction, pipeline inspection, survey and facilities inspection, maintenance, and repair. The Manufactured Products segment consists of the manufactured products business unit as well as commercial theme park entertainment systems and automated guided vehicle technology. The OPG segment focuses on subsea installation and intervention, including riserless light well intervention services, inspection, maintenance, and repair services. The IMDS segment covers asset integrity management services, software and analytical solutions for the bulk cargo maritime industry, and digital and connectivity solutions for the energy industry. The company was founded in 1969 and is headquartered in Houston, TX.

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Oceaneering reports robust Q4 earnings, eyes growth in 2023

Oceaneering's strong Q4 2022 performance, led by improvements in key segments, positions the company well for 2023. Focus on positive free cash flow and EBITDA expectations signal a promising year ahead.

Oceaneering surpasses Q1 earnings expectations, eyes non-energy market expansion

Oceaneering's Q1 2023 performance reflected a strong offshore energy recovery, with revenue exceeding expectations. While facing challenges in certain segments and negative cash flow, the company remains focused on generating healthy free cash flow and expanding into non-energy growth markets amidst positive market indicators.

Oceaneering reports robust Q2 earnings, eyes growth amidst challenges

Oceaneering's Q2 2023 performance showcased strong financial results, especially in the Energy, SSR, and OPG segments.
Despite challenges in project losses and higher expenses, the company's outlook for 2023 remains positive with opportunities for growth and improved profitability.
With a focus on operational efficiency and revenue growth, Oceaneering is poised to capitalize on its strengths and navigate challenges to drive future success.

Oceaneering reports strong Q3 results, eyes growth in robotics

Oceaneering's Q3 2023 performance reflects growth driven by offshore activity and segment improvements, with a positive outlook for 2024.
The company's focus on debt management and extended debt maturity enhances financial stability and resilience in uncertain market conditions.
Challenges include margin pressures and operational uncertainties, while opportunities lie in leveraging robotics capabilities and market expansion.
Overall, Oceaneering's strategic positioning and adaptability position it well for future growth and success in the industry.

Oceaneering posts robust Q4 results, eyes growth amidst challenges

Oceaneering delivered strong financial performance in Q4 2023 and full-year 2023, with positive net income and debt reduction.
The company's 2024 outlook includes revenue growth, EBITDA expansion, and opportunities for pricing improvements.
While facing challenges in certain segments and market conditions, Oceaneering remains focused on financial discipline and growth strategies.
Strategic investments, stable pricing, and operational improvements position Oceaneering for continued success in 2024.

Oceaneering reports robust Q1 earnings, eyes growth amid challenges

Oceaneering delivered strong financial performance in Q1 2024 with notable improvements in operating income
While facing challenges in cash flow and certain segments, the company remains optimistic about future prospects
Strategic focus on growth in energy and non-energy markets, with plans for share repurchases in 2024
Overall, Oceaneering aims for continued growth and profitability in the upcoming quarters

Oceaneering reports robust Q2 results, eyes growth amid market challenges

Oceaneering's Q2 performance reflects resilience and growth in its energy-related segments, supported by strong bookings and revenue increases.
While facing challenges in certain segments, the company's strategic guidance and investment plans signal a proactive approach to navigating market dynamics.
With a positive outlook for future opportunities and a focus on operational efficiency, Oceaneering is poised for continued success and market leadership in the energy sector.

Oceaneering posts strong Q3 results, eyes growth in robotics and defense

Oceaneering's Q3 performance reflects a robust financial standing with notable growth in key segments and adjusted net income resilience.
The company's strategic outlook for 2025 signals a focus on growth, innovation, and seizing opportunities in emerging markets.
Challenges ahead include maintaining a balance between innovation and cost control, alongside strategic share repurchase decisions amidst growth prospects.

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Oceaneering International, Inc. engages in the provision of engineered services and products, and robotic solutions to the offshore energy, defense, aerospace, manufacturing, and entertainment industries. It operates through the following business segments: Subsea Robotics, Manufactured Products, Offshore Projects Group (OPG), Integrity Management & Digital Solutions (IMDS), and Aerospace and Defense Technologies (ADTech). The Subsea Robotics segment includes remotely operated vehicles, survey services, and ROV tooling businesses. The Manufactured Products segment provides distribution systems, such as production control umbilicals and connection systems made up of specialty subsea hardware, and provides turnkey solutions that include project management, engineering design, fabrication/assembly, and installation of autonomous mobile robotic technology to industrial, manufacturing, healthcare, warehousing, and commercial theme park markets. The OPG segment focuses on subsea project capabilities and solutions. The IMDS segment covers asset integrity management, corrosion management, inspection, and nondestructive testing services. The ADTech segment provides government services and products, including engineering related manufacturing in defense and space exploration activities. The company was founded in 1969 and is headquartered in Houston, TX.

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HOUSTON, June 1, 2021 /PRNewswire/ -- Oceaneering International, Inc. ("Oceaneering") (NYSE:OII) announced today that President and Chief Executive Officer Roderick A. Larson is scheduled to participate in a virtual fireside session to discuss the company's business outlook and meet with institutional investors at the RBC Capital Markets Global Energy, Power & Infrastructure Conference on Tuesday, June 8, 2021.

Oceaneering to Participate at the RBC Capital Markets Global Energy, Power & Infrastructure Conference

Oceaneering International (OII) reported earnings 30 days ago. What's next for the stock?

Oceaneering International (OII) Up 29.1% Since Last Earnings Report: Can It Continue?

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To tap the energy market's rally, it will be prudent to invest in momentum stocks that have more upside left. Our choices are Canadian Natural Resources (CNQ), Continental Resources (CLR), Oceaneering International (OII), Marathon Oil (MRO) and Enerplus (ERF).

5 Momentum Stocks in the Energy Space That You Need to Buy

Strong 12-month performance set to continue with efficiency metrics supporting the argument. Oceaneering is a well diversified business, which makes it an attractive option for cyclical energy investors.

Oceaneering International: A High Beta Energy Stock With Potential

Oceaneering International (OII) was a big mover last session on higher-than-average trading volume. The latest trend in earnings estimate revisions might help the stock continue moving higher in the near term.

Oceaneering International (OII) Surges 18.2%: Is This an Indication of Further Gains?

Oceaneering International (OII) made it through our 'Fast-Paced Momentum at a Bargain' screen and could be a great choice for investors looking for stocks that have gained strong momentum recently but are still trading at reasonable prices.

Looking for a Fast-paced Momentum Stock at a Bargain? Consider Oceaneering International (OII)

An analyst sees lots of upside in the offshore oil services company.

Why Oceaneering International Stock Is Soaring Today

HOUSTON, May 4, 2021 /PRNewswire/ -- Oceaneering International, Inc. ("Oceaneering") (NYSE:OII) announced today that President and Chief Executive Officer Roderick A. Larson will meet with institutional investors at the CITI 2021 Global Energy & Utilities Virtual Conference on Tuesday, May 11, 2021.

Oceaneering to Participate in the CITI 2021 Global Energy & Utilities Virtual Conference

Oceaneering (OII) records $442.7 million in cash and cash equivalents, and long-term debt of $804.9 million as of Mar 31, 2021.

Oceaneering (OII) Q1 Earnings and Revenues Beat Estimates

Oceaneering International, Inc. (OII) CEO Rod Larson on Q1 2021 Results - Earnings Call Transcript

Oceaneering International (OII) delivered earnings and revenue surprises of 160.00% and 1.13%, respectively, for the quarter ended March 2021. Do the numbers hold clues to what lies ahead for the stock?

Oceaneering International (OII) Q1 Earnings and Revenues Beat Estimates

Shares of Oceaneering International (NYSE:OII) fell in after-market trading after the company reported Q1 results. Quarterly Results Earnings per share decreased 25.00% year over year to $0.03, which beat the estimate of ($0.06).

Recap: Oceaneering International Q1 Earnings

HOUSTON, April 28, 2021 /PRNewswire/ -- Oceaneering International, Inc. ("Oceaneering") (NYSE:OII) today reported a net loss of $9.4 million, or $(0.09) per share, on revenue of $438 million for the three months ended March 31, 2021.  Adjusted net income was $2.8 million, or $0.03 per share, reflecting, among other things, the impact of $3.2 million of pre-tax adjustments associated with restructuring and other expenses and foreign exchange losses recognized during the quarter, and $9.6 million of discrete tax adjustments.

Oceaneering Reports First Quarter 2021 Results

HOUSTON, April 27, 2021 /PRNewswire/ -- Oceaneering International, Inc. (NYSE:OII) announced that its Manufactured Products segment has won multiple contracts during the first four months of 2021, with anticipated aggregate revenue in excess of $135 million.  The anticipated revenue from these contracts with international oil and gas operators and marine construction companies ranges in value from less than $10 million to greater than $90 million.

Oceaneering's Manufactured Products Segment Wins Contracts in Excess of $135 Million

Oceaneering International (NYSE:OII) unveils its next round of earnings this Wednesday, April 28. Here is Benzinga's everything-that-matters guide for the earnings announcement.

Preview: Oceaneering International's Earnings

HOUSTON, March 31, 2021 /PRNewswire/ -- Oceaneering International, Inc. ("Oceaneering") (NYSE: OII) announces that it will report financial results for the first quarter of 2021 on Wednesday, April 28, 2021, after the close of trading on the New York Stock Exchange.  The earnings release will be available on Oceaneering's website at  www.oceaneering.com.

Oceaneering Announces Dates for First Quarter 2021 Earnings Release and Conference Call

Why Is Oceaneering International (OII) Down 1.4% Since Last Earnings Report?

Oceaneering's (OII) capital expenditure for the fourth quarter including acquisitions totals $14.85 million.

Oceaneering (OII) Stock Gains 13.7% Since Q4 Earnings Release

There's been a sentiment change recently regarding stocks with oil and gas exposure.

Why Shares of Oceaneering International Soared Nearly 40% in February

HOUSTON, March 2, 2021 /PRNewswire/ -- Oceaneering International, Inc. (NYSE:OII) announced that John R. Huff will retire as a member and Chairman of the Board of Directors immediately following the 2021 Annual Meeting of Shareholders, and T. Jay Collins will succeed Mr. Huff as Chairman....

Oceaneering Announces Collins to Succeed Huff as Chairman of the Board of Directors

Oceaneering International's (OII) CEO Rod Larson on Q4 2020 Results - Earnings Call Transcript

The underwater robotics specialist was supposed to lose money, but it earned a profit instead (sort of).

Why Oceaneering International Stock Just Popped 11.5%

Shares of Oceaneering International (NYSE:OII) moved higher in after-market trading after the company reported Q4 results. Quarterly Results Earnings per share fell 33.33% over the past year to $0.02, which beat the estimate of ($0.20).

News for Oceaneering Stock (OII)