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 2023

Earnings data Q1 2024

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Earnings data Q3 2024

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

Why Is Oceaneering International (OII) Down 6.6% Since Last Earnings Report?

HOUSTON--(BUSINESS WIRE)--Oceaneering Announces the Promotion of Catherine E. Dunn to Vice President and Chief Accounting Officer.

Oceaneering Announces the Promotion of Catherine E. Dunn to Vice President and Chief Accounting Officer

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Oceaneering International (OII) has become technically an oversold stock now, which implies exhaustion of the heavy selling pressure on it. This, combined with strong agreement among Wall Street analysts in revising earnings estimates higher, indicates a potential trend reversal for the stock in the near term.

Oceaneering International (OII) Loses -16.81% in 4 Weeks, Here's Why a Trend Reversal May be Around the Corner

HOUSTON--(BUSINESS WIRE)--Oceaneering to Present at Baird's 2023 Global Industrial Conference.

Oceaneering to Present at Baird's 2023 Global Industrial Conference

Oceaneering (OII) expects consolidated EBITDA in the range of $275-$295 million for 2023, and free cash flow in the band of $90-$130 million.

Oceaneering (OII) Q3 Earnings Beat Estimates, Revenues Lag

Oceaneering International, Inc. (NYSE:OII ) Q3 2023 Earnings Conference Call October 26, 2023 11:00 AM ET Company Participants Mark Peterson - Vice President of Development and Investor Relations Rod Larson - President and Chief Executive Officer Alan Curtis - Senior Vice President and Chief Financial Officer Conference Call Participants Kurt Hallead - Benchmark David Smith - Pickering Energy Partners Operator My name is Julie, and I will be your conference operator. Welcome, everyone, to Oceaneering's Third Quarter 2023 Earnings Conference Call.

Oceaneering International, Inc. (OII) Q3 2023 Earnings Call Transcript

Oceaneering International (OII) came out with quarterly earnings of $0.38 per share, beating the Zacks Consensus Estimate of $0.27 per share. This compares to earnings of $0.23 per share a year ago.

Oceaneering International (OII) Beats Q3 Earnings Estimates

HOUSTON--(BUSINESS WIRE)--Oceaneering Reports Third Quarter 2023 Results.

Oceaneering Reports Third Quarter 2023 Results

Oceaneering International (OII) possesses the right combination of the two key ingredients for a likely earnings beat in its upcoming report. Get prepared with the key expectations.

Oceaneering International (OII) Reports Next Week: Wall Street Expects Earnings Growth

Oceaneering (OII) secures $75 million contract from Petrobras for three DPR systems, with an option for a fourth, including an umbilical replacement in 2024.

Oceaneering (OII) Clinches $75 Million Contract From Petrobras

HOUSTON--(BUSINESS WIRE)--Oceaneering Announces Petrobras Drill Pipe Riser Systems Contract.

Oceaneering Announces Petrobras Drill Pipe Riser Systems Contract

Plexus Holdings PLC (AIM:POS) told investors that it has successfully completed its work for Oceaneering International (NYSE:OII) Services' plug and abandonment (P&A) equipment and services campaign. The project order comprised tieback and subsea well control equipment together with hydraulic controls and services in a configuration designed for vessel-based deployment and work.

Plexus Holdings Plc successfully completes its work for Oceaneering P&A project

Oceaneering stock has risen by 51% since late March 2023, outperforming the S&P 500 index. The company's operational metrics indicate a steady improvement, while its financials have shown positive signs, including increasing revenues and operating margin, along with decreasing debt. Long-term investors may want to consider buying the stock on a pullback due to the expected cyclical swing.

Oceaneering International: Buy On A Pullback With Business In Early Stages Of Multiyear Upcycle

HOUSTON--(BUSINESS WIRE)--Oceaneering Announces Dates for Third Quarter 2023 Earnings Release and Conference Call; October 25 and October 26, respectively.

Oceaneering Announces Dates for Third Quarter 2023 Earnings Release and Conference Call

HOUSTON--(BUSINESS WIRE)--Oceaneering Announces Expiration and Results of Cash Tender Offer for Any and All of its Outstanding 4.650% Senior Notes due 2024.

Oceaneering Announces Expiration and Results of Cash Tender Offer for Any and All of its Outstanding 4.650% Senior Notes due 2024

HOUSTON--(BUSINESS WIRE)--Oceaneering Announces Pricing of Private Offering of $200 Million of Senior Notes.

Oceaneering Announces Pricing of Private Offering of $200 Million of Senior Notes

HOUSTON--(BUSINESS WIRE)--Oceaneering Announces Private Offering of $200 Million of Senior Notes.

Oceaneering Announces Private Offering of $200 Million of Senior Notes

HOUSTON--(BUSINESS WIRE)--Oceaneering Announces Cash Tender Offer for Any and All of its Outstanding 4.650% Senior Notes due 2024.

Oceaneering Announces Cash Tender Offer for Any and All of its Outstanding 4.650% Senior Notes due 2024

Oceaneering's (OII) Offshore Projects Group segment clinches two significant international contracts worth exceeding $100 million in total.

Oceaneering (OII) Scores International Contracts Worth $100M

HOUSTON--(BUSINESS WIRE)--Oceaneering's Offshore Projects Group awarded international contracts for work Offshore Angola Block 17 and Stabroek Block, Offshore Guyana.

Oceaneering Awarded International Contracts for Offshore Projects Group: Angola Block 17, Girassol Life Extension Project and Stabroek Block, Offshore Guyana

Oceaneering International (OII) Up 3.4% Since Last Earnings Report: Can It Continue?

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Oceaneering International is expected to benefit from increasing offshore activity and improved contract terms and pricing in its Subsea Robotics segment. The company has a positive outlook on the offshore market and expects higher bidding activity in its Aerospace and Defense Technologies and autonomous mobile robotics businesses. OII's Subsea Robotics segment is expected to see improved performance with increased ROV utilization and higher revenues, while its Manufactured Products segment may face challenges from a decline in backlog and adverse project mix.

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