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 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.
Oceaneering International (NYSE: OII) will participate in a virtual fireside chat on June 23, 2021, as part of the J.P. Morgan Energy, Power & Renewables Conference. President and CEO Roderick A. Larson will discuss the company's business outlook and meet with institutional investors. Oceaneering is known for its engineered services and products primarily for the offshore energy sector, but also serves defense, aerospace, and entertainment industries. Additional information is available on their website.
Oceaneering International will have President and CEO Roderick A. Larson participate in a virtual session at the RBC Capital Markets Global Energy, Power & Infrastructure Conference on June 8, 2021. The event aims to discuss the company's business outlook and will include meetings with institutional investors. For further details, the conference handout is accessible on Oceaneering's Investor Relations page. Oceaneering provides engineered services and products mainly to the offshore energy sector, leveraging its technology expertise across multiple industries.
Oceaneering International (NYSE:OII) announced that its President and CEO, Roderick A. Larson, will engage with institutional investors at the CITI 2021 Global Energy & Utilities Virtual Conference on May 11, 2021. The conference handout will be accessible on the Investor Relations page of Oceaneering's website after market close on May 10, 2021. Oceaneering is a global provider of engineered services and products mainly for the offshore energy sector, and also supports the defense, aerospace, and entertainment industries.
Oceaneering International (OII) reported a net loss of $9.4 million, or $(0.09) per share, on revenue of $438 million for Q1 2021, an improvement from a $25 million loss in Q4 2020. Adjusted net income for the quarter stood at $2.8 million, influenced by $3.2 million in restructuring and foreign exchange losses. Consolidated adjusted EBITDA reached $52.8 million, surpassing guidance. ROV fleet utilization was steady at 53%, with a slight increase in average revenue per day to $7,874. The company narrowed its full-year adjusted EBITDA guidance to $180-$210 million.
Oceaneering International (OII) announced significant contract wins in its Manufactured Products segment, expecting over $135 million in revenue from international oil and gas operators and marine construction companies. Contract values range from under $10 million to over $90 million. The contracts involve manufacturing subsea production umbilicals and hardware at facilities in Panama City, Florida, Brazil, and Scotland, with production schedules spanning several months to five years. This uptick in orders reflects strong customer confidence in Oceaneering's capabilities.
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