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. (OII) delivers advanced engineered solutions for subsea robotics, offshore energy, and aerospace industries. This news hub provides investors and industry professionals with timely updates on corporate developments, financial performance, and technological innovations.
Track official press releases, strategic partnerships, and operational milestones across Oceaneering's core segments. Key updates include subsea robotics advancements, offshore project executions, aerospace/defense contracts, and integrity management solutions. All content is sourced directly from company filings and verified industry publications.
Bookmark this page for consolidated access to earnings reports, product launches, and market positioning updates. Our neutral presentation ensures you receive factual information without promotional bias, supporting informed analysis of OII's evolving role in complex engineering sectors.
Oceaneering International reported a net income of $4.1 million or $0.04 per share for Q1 2023, on revenue of $537 million. Adjusted net income stands at $5.4 million, reflecting a decrease from $23.1 million in the prior quarter. The cash position fell to $505 million, down $64 million. Notably, the company maintains its 2023 guidance, projecting net income between $75 million and $90 million, and adjusted EBITDA of $260 million to $310 million. Key operational metrics include a fleet utilization rate of 63% and a manufactured products backlog of $446 million. The CEO expressed confidence in revenue growth from energy markets, despite some declines in specific segments such as Offshore Projects Group. The company anticipates improved operating profitability in Q2 2023.
Oceaneering International, Inc. (NYSE:OII) is set to announce its financial results for the first quarter of 2023 on April 26, 2023, post-market close. The results will be accessible on the company’s website. A conference call to discuss these results is scheduled for April 27, 2023, at 10:00 a.m. Central Time. Participants can access the call via a webcast link available on the Investor Relations section of Oceaneering's site. Oceaneering specializes in delivering engineered services, products, and robotic solutions across various industries, including offshore energy and defense.
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