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. (NYSE: OII) is described as a global technology company that delivers engineered services and products and robotic solutions to the offshore energy, defense, aerospace, manufacturing, and entertainment industries. The OII news page on Stock Titan focuses on company developments that affect these end markets and the company’s role in Support Activities for Oil and Gas Operations.
News coverage includes announcements about subsea and offshore energy work, such as contracts for riserless light well intervention services and subsea robotics support for inspection, maintenance, repair, and decommissioning activities. Articles also highlight multi-year agreements for remotely operated vehicle services, specialized tooling, and survey work on offshore projects.
In addition to energy-related updates, Oceaneering’s news flow features items from its Aerospace and Defense Technologies segment, including contracts to repair valves and actuators for U.S. Navy submarine programs under the Corporate Component Repair Program. These stories illustrate the company’s involvement in defense and aerospace applications alongside its offshore energy activities.
Investors and industry observers can also find coverage of financial results, segment performance, and participation in investor conferences. Earnings releases discuss revenue and operating income by segment, non-GAAP measures such as adjusted EBITDA and free cash flow, and management commentary on segment trends. Conference participation updates describe management’s engagement with institutional investors and presentations on energy and defense topics.
By following OII news, readers can monitor contract awards, segment-level developments, and corporate updates such as board appointments and executive leadership changes. This context helps users understand how Oceaneering’s subsea robotics, offshore projects, integrity management, and aerospace and defense activities evolve over time.
Oceaneering International (NYSE:OII) reported strong Q1 2025 results with revenue reaching $675 million, up 13% year-over-year. The company's net income surged 233% to $50.4 million, while operating income doubled to $73.5 million.
Key highlights include adjusted EBITDA of $96.7 million (57% increase YoY) and share repurchases of 479,154 shares for approximately $10 million. The company maintained its full-year 2025 EBITDA guidance of $380-430 million.
Segment performance showed notable improvements, with Subsea Robotics operating income up 35% to $59.6 million and Offshore Projects Group seeing significant growth. ROV fleet utilization reached 67%. The company's Manufactured Products segment reported a backlog of $543 million, though results were impacted by a $10.4 million inventory reserve adjustment.
Oceaneering International (NYSE:OII) has scheduled its first quarter 2025 earnings release for Wednesday, April 23, 2025, after the NYSE trading closes. The company will host a conference call and webcast to discuss the results on Thursday, April 24, 2025, at 10:00 a.m. Central Time.
The earnings release will be accessible on Oceaneering's website, and a replay of the conference call will be available approximately two hours after the live call concludes. Oceaneering operates as a global technology company providing engineered services, products, and robotic solutions to the offshore energy, defense, aerospace, and manufacturing sectors.
Oceaneering International (NYSE:OII) has secured a landmark contract with the U.S. Department of Defense through its Aerospace and Defense Technologies (ADTech) segment. The multi-year contract, noted as the largest initial contract value in the company's history, involves designing, building, testing, and delivering a maritime mobility system.
CEO Rod Larson emphasized that this achievement demonstrates the company's cross-industry application of maritime technology and engineering expertise, while reinforcing ADTech's strong partnership with U.S. government customers. The contract selection process involved multiple competing teams, with Oceaneering ultimately being down-selected for the award.
Oceaneering International (NYSE:OII) has announced its participation in three major investor conferences in March 2025. President and CEO Rod Larson will join the 'Offshore Drilling & Services' panel at the Thrive Energy Conference in Houston on March 5, meeting with institutional investors.
The company's leadership will also attend two other significant events: CFO Alan Curtis will participate in the Piper Sandler Energy Conference in Las Vegas on March 18, while both Larson and Curtis, along with Senior Director of Investor Relations Hilary Frisbie, will attend the Pickering Energy Partners Gulf of America & Offshore Services Deep Dive Conference in New Orleans on March 26.
Oceaneering, a global technology company, provides engineered services, products, and robotic solutions to offshore energy, defense, aerospace, and manufacturing industries. The company's latest presentation is accessible on their website's Investor Relations page.
Oceaneering International (NYSE:OII) reported strong Q4 2024 and full-year results, with significant year-over-year improvements. Q4 revenue reached $713 million (+9% YoY), with operating income of $77.9 million (+64% YoY) and net income of $56.1 million (+26% YoY).
Full-year 2024 performance showed revenue of $2.7 billion (+10% YoY), operating income of $246 million (+36% YoY), and net income of $147 million (+51% YoY). The company achieved its highest quarterly revenue since Q4 2015 and surpassed $100 million in adjusted EBITDA for the first time since Q2 2016.
For 2025, Oceaneering projects net income between $160-190 million, consolidated EBITDA of $380-430 million, and free cash flow of $110-130 million. The company's Q1 2025 EBITDA is expected to range between $80-90 million.
Oceaneering International (NYSE:OII) has announced its participation in the J.P. Morgan Global Leveraged Finance Conference scheduled for Tuesday, February 25, 2025. Chief Financial Officer Alan R. Curtis will deliver a presentation and, along with Senior Director Investor Relations Hilary Frisbie, will engage with institutional investors.
The conference presentation materials will be accessible on Oceaneering's website's Investor Relations page after market close on Monday, February 24, 2025. Oceaneering operates as a global technology company, providing engineered services, products, and robotic solutions to various sectors including offshore energy, defense, aerospace, and manufacturing industries.
Oceaneering International (NYSE:OII) has announced it will release its fourth quarter and full year 2024 financial results on Wednesday, February 19, 2025, after the New York Stock Exchange closes. The company will host a conference call and webcast on Thursday, February 20, 2025, at 10:00 a.m. Central Time to discuss the results and provide outlook for fiscal year 2025.
The earnings release will be accessible on Oceaneering's website, and a replay of the conference call will be available approximately two hours after the live call concludes. Oceaneering operates as a global technology company providing engineered services, products, and robotic solutions to the offshore energy, defense, aerospace, and manufacturing industries.
Oceaneering International (NYSE:OII) has announced its participation in the 2025 Goldman Sachs Global Energy, CleanTech & Utilities Conference in Miami, FL on January 7, 2025. President and CEO Rod Larson will be featured on the panel discussion 'Differentiating in the Oilfield with Specialized Services.' Additionally, Mr. Larson will be joined by CFO Alan R. Curtis and Investor Relations Senior Director Hilary Frisbie for meetings with institutional investors.
The company, which specializes in providing engineered services, products, and robotic solutions to various industries including offshore energy, defense, aerospace, manufacturing, and entertainment, has made its latest Investor Relations presentation available on their website.
Oceaneering International (NYSE:OII) has announced leadership changes in its Aerospace and Defense Technologies (ADTech) segment. William Merz will succeed Philip Beierl as Senior Vice President of ADTech, effective January 1, 2025. Merz, who joined Oceaneering in January 2024 as Vice President of Operations for ADTech, brings experience from his distinguished U.S. Navy career, including command of the U.S. Seventh Fleet and senior positions at the Pentagon. Beierl, who has been with the company since 2005, will retire but continue in a supporting role during the transition period.
Oceaneering International (NYSE:OII) has announced the promotion of Benjamin M. Laura to Senior Vice President and Chief Operating Officer, effective January 1, 2025. Laura, who currently serves as Senior Vice President and Chief Innovation Officer since 2022, joined the company in 2014 as Director of Subsea Services. Prior to Oceaneering, he worked at Baker Hughes as Vice President and Managing Director for Baker Hughes do Brasil. Laura holds engineering degrees from Mississippi State University and Oklahoma State University.
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