Welcome to our dedicated page for Oceaneering Intl news (Ticker: OII), a resource for investors and traders seeking the latest updates and insights on Oceaneering Intl stock.
Oceaneering International Inc. reports developments in engineered services, products, and robotic solutions for the offshore energy, defense, aerospace, and manufacturing markets. News about OII commonly centers on quarterly results, segment guidance, customer orders, contract awards, backlog, and operating trends across Subsea Robotics, Integrity Management and Digital Solutions, Manufactured Products, Offshore Projects Group, and Aerospace and Defense Technologies.
Company updates also cover remotely operated vehicle activity, vessel-based services, underwater survey and tooling work, autonomous systems such as the Freedom platform, and dual-use technology serving energy and defense applications. Governance and investor-relations announcements include earnings calls, investor-conference participation, board changes, and finance leadership transitions.
Oceaneering International, Inc. (NYSE:OII) will participate in the Piper Sandler Energy Conference on March 22, 2022. The meeting will feature Vice President of Corporate Development and Investor Relations, Mark Peterson, and Vice President and Chief Accounting Officer, Witland LeBlanc, engaging with institutional investors. A conference handout will be available on Oceaneering's Investor Relations page after market close on March 21, 2022. Oceaneering provides technology solutions across various industries, including offshore energy and aerospace.
Oceaneering International, Inc. (NYSE:OII) announced that CFO Alan R. Curtis and Senior VP Benjamin Laura will attend the Scotia Howard Weil Energy Conference on March 22, 2022. The conference handout will be accessible on the company’s Investor Relations page after market close on March 21, 2022. Oceaneering is recognized for providing engineered services, products, and robotic solutions across various sectors, including offshore energy and defense. For more details, visit www.oceaneering.com.
Oceaneering reported a net loss of $38.8 million for Q4 2021 on revenue of $467 million. Adjusted net income stood at $5.0 million. The previous quarter saw a net loss of $7.4 million. The company generated strong free cash flow of $126 million and a cash position of $538 million. Key highlights include a $30 million loss due to contract terminations with Evergrande. For 2022, Oceaneering projects a revenue growth of over 10% and EBITDA between $225 million to $275 million, fueled by improved operational performance across segments.
Oceaneering International, Inc. (NYSE:OII) will release its financial results for Q4 and the full year of 2021 on February 24, 2022, after the market closes. A conference call and webcast to discuss the results are scheduled for February 25, 2022, at 10:00 a.m. Central Time. The earnings release will be accessible on Oceaneering's website. As a global technology company, Oceaneering provides services and products to various sectors, including offshore energy and defense.
Oceaneering International, Inc. (NYSE:OII) announced over $80 million in contracts for its Integrity Management and Digital Solutions (IMDS) segment booked in Q4 2021, primarily from major offshore operators. These contracts, spanning one to four years, cover risk engineering, inspection services, and intelligence software across various industries in Australia, Norway, UK, and Brazil. IMDS achieved over $300 million in new bookings in 2021, bolstering Oceaneering's growth expectations for 2022.
Oceaneering reported a net loss of $7.4 million for Q3 2021, down from a $6.2 million net income in Q2. Revenue declined to $467 million, influenced by Hurricane Ida and a tightening labor market, despite a rise in offshore activity. Adjusted net loss was $1.4 million. Key metrics for Q3 included EBITDA of $50.3 million and free cash flow of $24 million. Guidance for 2022 forecasts EBITDA between $225 million to $275 million, driven by growth in energy markets and government segments. Cash balance stood at $448 million, aiding debt management.
Oceaneering International (NYSE: OII) will report its third quarter 2021 financial results on October 27, 2021, after market close. Investors can access the earnings release via Oceaneering's website. A conference call is scheduled for October 28, 2021, at 10:00 a.m. CT, allowing interested parties to listen through a webcast. Oceaneering specializes in engineered services and products for the offshore energy industry and also caters to the defense, aerospace, and entertainment sectors.
Oceaneering International (NYSE:OII) announced that President and CEO Roderick A. Larson will participate in a virtual fireside chat during the Barclays CEO Energy-Power Conference on September 9, 2021. The conference will also facilitate meetings with institutional investors. Interested parties can access the conference handout on Oceaneering's Investor Relations page. Oceaneering provides engineered services primarily to the offshore energy sector and has expertise in defense, aerospace, and entertainment industries.
Oceaneering International (NYSE: OII) reported a net income of $6.2 million ($0.06 per share) on revenue of $498 million for Q2 2021, up from a net loss of $9.4 million in Q1. Adjusted EBITDA reached $60.6 million, exceeding estimates, driven by increased demand in energy services and a growing backlog. The cash position improved to $456 million, and the company raised its adjusted EBITDA guidance to $200-$225 million for 2021. However, the Offshore Projects Group faced declining operating income margins due to unplanned downtime despite revenue increases. Overall, positive client interactions and favorable oil prices support financial outlook.
Oceaneering International (NYSE: OII) will announce its financial results for Q2 2021 on July 28, 2021, after market close. A conference call is scheduled for July 29, 2021, at 10:00 a.m. Central Time, with a replay available post call. Oceaneering specializes in engineered services and products, primarily for the offshore energy sector, while also serving defense, aerospace, and entertainment industries. Financial results will be accessible on their website.