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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Earnings data Q4 2024

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.

Oceaneering's (OII) Manufactured Products segment secures a $50 million contract to supply 27 kilometers of umbilical for the Gulf of Mexico Project.

Oceaneering (OII) Secures $50 Million Umbilical Contract

HOUSTON--(BUSINESS WIRE)--Oceaneering's Manufactured Products Segment Secures Large Umbilical Contract.

Oceaneering's Manufactured Products Segment Secures Large Umbilical Contract

HOUSTON--(BUSINESS WIRE)--Oceaneering to Present at the 2024 J.P. Morgan Energy, Power & Renewables Conference.

Oceaneering to Present at the J.P. Morgan Energy, Power & Renewables Conference

Oceaneering (OII) secures major contracts with Petrobras, boosting revenues by $120-$183 million, and supplying critical subsea technology for offshore oil operations.

Oceaneering (OII) Clinches $120-$183M 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 distrib.

Oceaneering Announces Manufactured Products Contracts with Petrobras

Oceaneering (OII) and TotalEnergies join forces to revolutionize subsea pipeline inspection with Freedom AUV. It cuts inspection time and emissions by 50%.

Oceaneering (OII) Tests AUV for Subsea Pipeline Inspection

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

Why Is Oceaneering International (OII) Down 7.3% Since Last Earnings Report?

Oceaneering (OII) expects Subsea Robotics revenues to grow in the low to mid-teens percentage range in 2024, with a book-to-bill ratio of 1.1-1.3 for Manufactured Products.

Oceaneering (OII) Q1 Earnings and Revenues Miss Estimates

HOUSTON--(BUSINESS WIRE)--Oceaneering Reports First Quarter 2024 Results.

Oceaneering Reports First Quarter 2024 Results

HOUSTON--(BUSINESS WIRE)--Oceaneering Reschedules Time of First Quarter 2024 Earnings Conference Call to 9.00 a.m. Central, April 25, 2024.

Oceaneering Reschedules Time of First Quarter 2024 Earnings Conference Call

Zacks.com users have recently been watching Oceaneering International (OII) quite a bit. Thus, it is worth knowing the facts that could determine the stock's prospects.

Oceaneering International, Inc. (OII) is Attracting Investor Attention: Here is What You Should Know

Oceaneering (OII) partners with Global Design Innovation for digital asset management solutions, enhancing safety, data quality and operational efficiency in asset-intensive industries.

Oceaneering (OII) Signs Digital Solutions Pact With Global Design

HOUSTON--(BUSINESS WIRE)--Oceaneering to Host Investor & Analyst Day, May 9, 2024.

Oceaneering to Host Investor & Analyst Day, May 9, 2024

HOUSTON--(BUSINESS WIRE)--Oceaneering Announces Dates for First Quarter 2024 Earnings Release and Conference Call -- April 24 and April 25, respectively.

Oceaneering Announces Dates for First Quarter 2024 Earnings Release and Conference Call

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Oceaneering International (OII) has been one of the stocks most watched by Zacks.com users lately. So, it is worth exploring what lies ahead for the stock.

Oceaneering International, Inc. (OII) Is a Trending Stock: Facts to Know Before Betting on It

Oceaneering International (OII) reachead $21.79 at the closing of the latest trading day, reflecting no change compared to its last close.

Oceaneering International (OII) Flat As Market Gains: What You Should Know

Oceaneering (OII) joins forces with Feritech Global on a next-generation auto-drop piston corer for revolutionized subsea geotechnics.

Oceaneering (OII) Partners With Feritech on Next-Gen Subsea Tech

Oceaneering International (OII) closed the most recent trading day at $20.52, moving -0.24% from the previous trading session.

Oceaneering International (OII) Sees a More Significant Dip Than Broader Market: Some Facts to Know

HOUSTON--(BUSINESS WIRE)--Oceaneering to Participate at Investor Conferences: Annual Roth Conference and Piper Sandler Energy Conference.

Oceaneering to Participate at Investor Conferences: Annual Roth Conference and Piper Sandler Energy Conference

Investors Heavily Search Oceaneering International, Inc. (OII): Here is What You Need to Know

Oceaneering (OII) achieves remote operations milestone with the first onshore ROV piloting in Brazil for Petrobras.

Oceaneering (OII) Finishes Its First ROV Piloting in Brazil

In the latest trading session, Oceaneering International (OII) closed at $20.13, marking a -1.18% move from the previous day.

Why Oceaneering International (OII) Dipped More Than Broader Market Today

Investors often turn to recommendations made by Wall Street analysts before making a Buy, Sell, or Hold decision about a stock. While media reports about rating changes by these brokerage-firm employed (or sell-side) analysts often affect a stock's price, do they really matter?

Brokers Suggest Investing in Oceaneering International (OII): Read This Before Placing a Bet

Oceaneering International (OII) reachead $20.37 at the closing of the latest trading day, reflecting a -1.31% change compared to its last close.

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