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) 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.
Oceaneering International (NYSE:OII) has announced its participation in two major investor conferences. President and CEO Rod Larson will meet investors at the Bank of America Global Energy Conference in Houston on November 12, 2024. Additionally, CFO Alan Curtis will present at the Baird Global Industrial Conference in Chicago on November 13, 2024, accompanied by Senior Director of Investor Relations, Hilary Frisbie. The company's third quarter presentation will be available on their website after market close on November 6, 2024.
Oceaneering International (NYSE: OII) has acquired Global Design Innovation (GDi), a UK-based digital and software services provider. GDi, the only UKAS-certified provider for remote visual inspection using point cloud data and photographic images, brings advanced algorithms and data solutions. The acquisition strengthens Oceaneering's digital capabilities and asset management optimization for clients in oil and gas, utilities, and power generation industries. GDi will maintain its brand identity, with its financial results to be reported through Oceaneering's Integrity Management and Digital Solutions segment.
Oceaneering International (NYSE:OII) reported Q3 2024 net income of $41.2 million, or $0.40 per share, on revenue of $680 million. Adjusted net income was $37.2 million. The company achieved consolidated operating income of $71.3 million and adjusted EBITDA of $98.1 million. Operating cash flow was $91.9 million with free cash flow of $67.0 million.
The company updated its 2024 guidance with consolidated adjusted EBITDA expected between $340-350 million, and provided initial 2025 guidance of $400-430 million EBITDA. Notable improvements were seen in Subsea Robotics and Manufactured Products segments, with ROV fleet utilization at 69% and a backlog of $671 million.
Oceaneering International, Inc. (NYSE:OII) has announced that it will release its third quarter 2024 financial results on Wednesday, October 23, 2024, after the New York Stock Exchange closes. The company will also host a conference call and webcast on Thursday, October 24, 2024, at 10:00 a.m. Central Time to discuss the results.
Interested parties can access the webcast link in the Investor Relations section of Oceaneering's website. A replay of the call will be available approximately two hours after it concludes. Oceaneering is a global technology company providing engineered services, products, and robotic solutions to various industries including offshore energy, defense, aerospace, manufacturing, and entertainment.
Oceaneering International (NYSE:OII) announced its participation in the Barclays CEO Energy-Power Conference on September 4, 2024. President and CEO Roderick A. Larson will engage in a fireside chat and, along with other management members, host meetings with institutional investors. The conference handout is available on Oceaneering's website.
Oceaneering is a global technology company providing engineered services, products, and robotic solutions to various industries including offshore energy, defense, aerospace, manufacturing, and entertainment. This event offers an opportunity for Oceaneering to showcase its capabilities and engage with potential investors.