Articles from Oceaneering International, Inc.

Oceaneering International, Inc. (“Oceaneering”) (NYSEOII) announces that it will report financial results for the fourth quarter and full year of 2024 on Wednesday, February 19, 2025, after the close of trading on the New York Stock Exchange. The earnings release will be available on Oceaneering’s website at oceaneering.com.

Oceaneering International, Inc. ("Oceaneering") (NYSEOII) announced today that President and Chief Executive Officer Rod Larson will participate on the Goldman Sachs Global Energy Conference panel "Differentiating in the Oilfield with Specialized Services." Mr. Larson, Senior Vice President and Chief Financial Officer Alan R. Curtis, and Investor Relations Senior Director Hilary Frisbie will also meet with institutional investors at the conference to be held in Miami, FL on Tuesday, January 7, 2025.

Oceaneering International, Inc. (“Oceaneering”) (NYSEOII) announced the appointment of William Merz to succeed Philip Beierl as Senior Vice President, Aerospace and Defense Technologies (“ADTech”), effective January 1, 2025. In his new role, Mr. Merz will have global responsibility for Oceaneering’s ADTech business segment.

Oceaneering International, Inc. (“Oceaneering”) (NYSEOII) announced the promotion of Benjamin M. Laura to Senior Vice President and Chief Operating Officer (“COO”), effective January 1, 2025.

Oceaneering International, Inc. ("Oceaneering") (NYSEOII) announced today that President and Chief Executive Officer Rod Larson is scheduled to meet with institutional investors at the Bank of America Global Energy Conference in Houston, TX on November 12, 2024. Chief Financial Officer Alan Curtis is scheduled to deliver a presentation at the Baird Global Industrial Conference in Chicago, IL on Wednesday, November 13, 2024. Mr. Curtis and Senior Director, Investor Relations, Hilary Frisbie, will also meet with institutional investors.

Oceaneering International, Inc. (NYSEOII) announced today that it has acquired Global Design Innovation Ltd. (GDi), a UK-based provider of digital and software services. This acquisition is a key step in Oceaneering’s strategy to advance its digital capabilities and broaden the solutions available to its global clients.

Oceaneering International, Inc. ("Oceaneering") (NYSEOII) today reported net income of $41.2 million, or $0.40 per share, on revenue of $680 million for the three months ended September 30, 2024. Adjusted net income was $37.2 million, or $0.36 per share, reflecting the impact of $(0.4) million of pre-tax adjustments associated with foreign exchange gains recognized during the quarter, $0.6 million tax effect on adjustments associated with foreign exchange gains, and $(4.2) million of discrete tax adjustments.

Oceaneering International, Inc. (“Oceaneering”) (NYSEOII) announces that it will report financial results for the third quarter of 2024 on Wednesday, October 23, 2024, after the close of trading on the New York Stock Exchange. The earnings release will be available on Oceaneering’s website at oceaneering.com.

Oceaneering International, Inc. ("Oceaneering") (NYSEOII) announced today that President and Chief Executive Officer Roderick A. Larson will participate in a fireside chat at the Barclays CEO Energy-Power Conference on Wednesday, September 4, 2024. Mr. Larson and other members of management will also host meetings with institutional investors.

Oceaneering International, Inc. ("Oceaneering") (NYSEOII) today reported net income of $35.0 million, or $0.34 per share, on revenue of $669 million for the three months ended June 30, 2024. Adjusted net income was $28.6 million, or $0.28 per share, reflecting the impact of $(1.0) million of pre-tax adjustments associated with foreign exchange gains recognized during the quarter, along with $(5.5) million of expenses related to discrete tax adjustments.

Oceaneering International, Inc. (“Oceaneering”) announced that its Offshore Projects Group (OPG) segment has been awarded multiple contractual agreements for vessel services with global energy companies, covering operations in the Gulf of Mexico.

Oceaneering International, Inc. (“Oceaneering”) announces that it will report financial results for the second quarter of 2024 on Wednesday, July 24, 2024, after the close of trading on the New York Stock Exchange. The earnings release will be available on Oceaneering’s website at oceaneering.com.

Oceaneering International, Inc. (“Oceaneering”) (NYSEOII) announced that its Manufactured Products segment has secured a large contract with a domestic independent energy company. The anticipated revenue from this contract is approximately $50 million.

Oceaneering International, Inc. ("Oceaneering") (NYSEOII) President and Chief Executive Officer Roderick A. Larson is scheduled to make a presentation at the J.P. Morgan Energy, Power & Renewables Conference in New York on Tuesday, June 18, 2024. Mr. Larson and Senior Vice President and Chief Financial Officer Alan R. Curtis will also meet with institutional investors.

Oceaneering International, Inc. (NYSEOII) announced that its Manufactured Products segment has secured two significant contracts with Petroleo Brasileiro S.A. (“Petrobras”) through a competitive bidding process. The expected aggregate net revenue is in the range of $120 million to $183 million.

Oceaneering International, Inc. ("Oceaneering") (NYSEOII) today reported net income of $15.1 million, or $0.15 per share, on revenue of $599 million for the three months ended March 31, 2024. Adjusted net income was $13.9 million, or $0.14 per share, reflecting the positive impact of $(2.2) million in foreign exchange gains, and the associated $0.8 million of tax effects, along with $0.2 million of expenses related to discrete tax adjustments.

Oceaneering International, Inc. (“Oceaneering”) (NYSEOII) announced that it will report financial results for the first quarter of 2024 on Wednesday, April 24, 2024, after the close of trading on the New York Stock Exchange. The earnings release will be available on Oceaneering’s website at oceaneering.com.

Oceaneering International, Inc. (NYSEOII) announced today that it will host an invitation-only Investor & Analyst Day, Thursday, May 9, 2024 in Houston, Texas. Presentations will feature Oceaneering’s 60 years of innovative technology.

Oceaneering International, Inc. (“Oceaneering”) (NYSEOII) announces that it will report financial results for the first quarter of 2024 on Wednesday, April 24, 2024, after the close of trading on the New York Stock Exchange. The earnings release will be available on Oceaneering’s website at oceaneering.com.

Oceaneering International, Inc. ("Oceaneering") (NYSEOII) announced today that President and Chief Executive Officer, Rod Larson, will participate on the Roth Conference panel "Oilfield Services/Oilfield Technology: Beyond Barrels: Exploring the Cross-Industry Impact of OFS/OFT in Emerging Industrial Markets." Mr. Larson will also meet with institutional investors at the 36th Annual Roth Conference on Monday, March 18, in Dana Point, CA and at the 24th Annual Piper Sandler Energy Conference on Tuesday, March 19, in Las Vegas, NV.

Oceaneering International, Inc. (NYSEOII) today announced that Ms. Reema Poddar has been elected to its Board of Directors as an independent, non-executive director in Class I, effective as of February 22, 2024. Ms. Poddar has also been appointed to the Nominating, Corporate Governance and Sustainability Committee of the Board. Her initial term of office will extend until Oceaneering’s Annual Meeting of Shareholders in 2026.

Oceaneering International, Inc. ("Oceaneering") (NYSEOII) today reported net income of $44.5 million, or $0.43 per share, on revenue of $655 million for the three months ended December 31, 2023. Adjusted net income was $19.4 million, or $0.19 per share, reflecting the impact of $(23.7) million benefit from discrete tax adjustments, primarily due to changes in valuation allowances, uncertain tax positions and prior year estimates; $2.3 million of pre-tax adjustments associated with foreign exchange gains recognized during the quarter; and $0.9 million tax effect on adjustments associated with foreign exchange gains.

Oceaneering International, Inc. ("Oceaneering") (NYSEOII) announced today that Vice President, Corporate Development and Investor Relations, Mark Peterson, and Senior Director, Investor Relations, Hilary Frisbie, will meet with institutional investors in Miami, FL at the J.P. Morgan Global High Yield & Leveraged Finance Conference on Tuesday, February 27 and the Scotiabank Energy & Power Conference on Wednesday, February 28, 2024.

Oceaneering International, Inc. (NYSEOII) announced that its Manufactured Products segment won multiple contracts during the fourth quarter of 2023, with anticipated aggregate revenue of approximately $200 million. The anticipated revenues from these contracts, primarily with international oil and gas operators and marine construction companies, range in value from less than $10 million to greater than $100 million.

Oceaneering International, Inc. (“Oceaneering”) (NYSEOII) announces that it will report financial results for the fourth quarter of 2023 on Thursday, February 22, 2024, after the close of trading on the New York Stock Exchange. The earnings release will be available on Oceaneering’s website at oceaneering.com.

Oceaneering International, Inc. (“Oceaneering”) (NYSEOII) announced that Hilary Frisbie has been appointed to succeed Mark Peterson as Senior Director, Investor Relations, effective January 10, 2024.

Oceaneering International, Inc. (Oceaneering) (NYSEOII) today announced that it has released its 2023 Task Force on Climate-Related Financial Disclosures (TCFD) Report. The updated report aligns with the framework developed by the Task Force on Climate-Related Financial Disclosures and includes analysis and progress updates across each of the four TCFD pillars: Governance, Strategy, Risk Management, and Metrics and Targets.

Oceaneering International, Inc. ("Oceaneering") (NYSEOII) announced today that company representatives will participate in investor meetings at the Capital One Securities Energy Conference on Tuesday, December 5, 2023 in Houston, TX.

Oceaneering International, Inc. (“Oceaneering”) (NYSEOII) announced the promotion of Catherine E. Dunn to Vice President and Chief Accounting Officer (“CAO”), effective December 1, 2023.

Oceaneering International, Inc. ("Oceaneering") (NYSEOII) announced today that Senior Vice President and Chief Financial Officer Alan R. Curtis will make a presentation at Baird’s Global Industrial Conference in Chicago on Tuesday, November 7, 2023. Oceaneering representatives will also meet with institutional investors.

Oceaneering International, Inc. ("Oceaneering") (NYSEOII) today reported net income of $29.8 million, or $0.29 per share, on revenue of $635 million for the three months ended September 30, 2023. Adjusted net income was $38.5 million, or $0.38 per share, reflecting the impact of $(0.9) million of pre-tax adjustments associated with foreign exchange gains recognized during the quarter, $0.6 million tax effect on adjustments associated with foreign exchange gains and $9.0 million of discrete tax adjustments, primarily due to changes in valuation allowances, uncertain tax positions and prior year estimates.

Oceaneering International, Inc. (“Oceaneering”) (NYSEOII) announced that one of its wholly owned subsidiaries, Marine Production Systems do Brasil Ltda., has secured a five-year contract from Petróleo Brasileiro S.A. (“Petrobras”) for the operation of three existing drill pipe riser (“DPR”) systems to support intervention and completion operations in Brazil. Petrobras also has the option to add a fourth DPR system by notifying Oceaneering prior to mid-December 2023. The contract value could be worth up to $75 million in revenue during the five-year contract period.

Oceaneering International, Inc. (“Oceaneering”) (NYSEOII) announces that it will report financial results for the third quarter of 2023 on Wednesday, October 25, 2023, after the close of trading on the New York Stock Exchange. The earnings release will be available on Oceaneering’s website at oceaneering.com.

Oceaneering International, Inc. (“Oceaneering”) (NYSEOII) announced today the expiration and results of the previously announced cash tender offer to purchase any and all of its outstanding 4.650% Senior Notes due 2024 (the “Notes”). The cash tender offer was announced on September 20, 2023 and was made pursuant to the Offer to Purchase dated September 20, 2023 (the “Offer to Purchase”) and the related Notice of Guaranteed Delivery (together, the “Tender Offer Documents”).

Oceaneering International, Inc. (“Oceaneering”) (NYSEOII) announced today the pricing of its previously announced offering of $200,000,000 aggregate principal amount of additional 6.000% Senior Notes due 2028 (the “2028 Notes”) in a private placement to eligible purchasers at a price of 91.500% of par, plus accrued interest from August 1, 2023. The 2028 Notes will constitute an additional issuance of Oceaneering’s outstanding 6.000% Senior Notes due 2028, which Oceaneering issued on February 6, 2018 in an aggregate principal amount of $300,000,000, and will form a single series with such notes. The 2028 Notes will mature on February 1, 2028. The offering is expected to close on October 2, 2023, subject to customary closing conditions.

Oceaneering International, Inc. (“Oceaneering”) (NYSEOII) announced today that it intends to offer $200,000,000 aggregate principal amount of additional 6.000% Senior Notes due 2028 (the “2028 Notes”) in a private placement to eligible purchasers. The 2028 Notes will constitute an additional issuance of Oceaneering’s outstanding 6.000% Senior Notes due 2028, which Oceaneering issued on February 6, 2018 in an aggregate principal amount of $300,000,000, and will form a single series with such notes.

Oceaneering International, Inc. (“Oceaneering”) (NYSEOII) announced today that it has commenced a cash tender offer to purchase any and all of its outstanding 4.650% Senior Notes due 2024 (the “Notes”) for the consideration described below.

Oceaneering International, Inc. (“Oceaneering”) (NYSEOII) announces that its Offshore Projects Group (OPG) segment has been awarded two international contracts, with combined total value in excess of $100 million.

Oceaneering International, Inc. ("Oceaneering") (NYSEOII) announced today that President and Chief Executive Officer Roderick A. Larson will participate in a fireside chat at the Barclays CEO Energy-Power Conference on Wednesday, September 6, 2023. Mr. Larson and other members of management will also host meetings with institutional investors.

Oceaneering International, Inc. ("Oceaneering") (NYSEOII) today reported net income of $19.0 million, or $0.19 per share, on revenue of $598 million for the three months ended June 30, 2023. Adjusted net income was $18.7 million, or $0.18 per share, reflecting the impact of $4.8 million of pre-tax adjustments associated with foreign exchange losses recognized during the quarter, $(2.3) million tax effect on adjustments associated with foreign exchange losses and $(2.8) million of discrete tax adjustments, primarily due to changes in valuation allowances and uncertain tax positions.

Oceaneering International, Inc. (“Oceaneering”) (NYSEOII) announced that it will report financial results for the second quarter of 2023 on Wednesday, July 26, 2023, after the close of trading on the New York Stock Exchange. The earnings release will be available on Oceaneering’s website at oceaneering.com.

Oceaneering International, Inc. (“Oceaneering”) (NYSEOII) announces that it will report financial results for the second quarter of 2023 on Wednesday, July 26, 2023, after the close of trading on the New York Stock Exchange. The earnings release will be available on Oceaneering’s website at oceaneering.com.

Oceaneering International, Inc. ("Oceaneering") (NYSEOII) announced today that President and Chief Executive Officer Roderick A. Larson will be a panelist on the Offshore Service Panel at the CITI Energy and Climate Technology Conference in Boston on Tuesday, May 9, 2023. Chief Financial Officer, Alan R. Curtis, and Vice President of Corporate Development and Investor Relations, Mark Peterson, will also meet with institutional investors attending the conference.

Oceaneering International, Inc. ("Oceaneering") (NYSEOII) today reported net income of $4.1 million, or $0.04 per share, on revenue of $537 million for the three months ended March 31, 2023. Adjusted net income was $5.4 million, or $0.05 per share, reflecting the impact of $0.3 million of pre-tax adjustments associated with foreign exchange gains recognized during the quarter and $1.5 million of discrete tax adjustments, primarily due to changes in valuation allowances and share-based compensation.

Oceaneering International, Inc. (“Oceaneering”) (NYSEOII) announces that it will report financial results for the first quarter of 2023 on Wednesday, April 26, 2023, after the close of trading on the New York Stock Exchange. The earnings release will be available on Oceaneering’s website at oceaneering.com.

Oceaneering International, Inc. ("Oceaneering") (NYSEOII) announced today that Senior Vice President and Chief Financial Officer Alan R. Curtis and Vice President of Corporate Development and Investor Relations, Mark Peterson, will meet with institutional investors at the Piper Sandler Annual Energy Conference on Tuesday March 21, 2023.

Oceaneering International, Inc. ("Oceaneering") (NYSEOII) announced today that Senior Vice President and Chief Financial Officer Alan R. Curtis will make a presentation at the J.P. Morgan Industrials Conference in New York on Wednesday, March 15, 2023. Mr. Curtis and Mark Peterson, Vice President of Corporate Development and Investor Relations, will also meet with institutional investors.

Oceaneering International, Inc. (“Oceaneering”) (NYSEOII) announced that T. Jay Collins will retire as a member and Chairman of the Board of Directors (the “Board”) immediately following the 2023 Annual Meeting of Shareholders and that M. Kevin McEvoy will succeed Mr. Collins as Chairman.

Oceaneering International, Inc. ("Oceaneering") (NYSEOII) today reported net income of $23.1 million, or $0.23 per share, on revenue of $536 million for the three months ended December 31, 2022. Adjusted net income was $6.4 million, or $0.06 per share, reflecting the impact of $0.2 million of pre-tax adjustments associated with foreign exchange losses recognized during the quarter and $(16.6) million of discrete tax adjustments, primarily due to changes in valuation allowances and certain adjustments to prior year taxes.

Oceaneering International, Inc. (NYSEOII) announces that its Oceaneering Mobile Robotics (OMR) business has been awarded contracts by a leading international manufacturer for the delivery of 85 MaxMover™ CB D 2000 autonomous counterbalance forklifts to three of their manufacturing facilities. The forklift systems are scheduled for staggered delivery between early 2023 and early 2024. The scope of the contracts includes installation, on-site systems-integration services and training, as well as 24/7 hotline support and remote software services.

Oceaneering International, Inc. (“Oceaneering”) (NYSEOII) announces that it will report financial results for the fourth quarter of 2022 on Thursday, February 23, 2023, after the close of trading on the New York Stock Exchange. The earnings release will be available on Oceaneering’s website at oceaneering.com.

Oceaneering International, Inc. ("Oceaneering") (NYSEOII) announced today that Senior Vice President and Chief Financial Officer Alan R. Curtis and Vice President, Corporate Development and Investor Relations, Mark Peterson, will meet with institutional investors at the Goldman Sachs Global Energy and Clean Technology Conference on Thursday, January 5, 2023.

Oceaneering International, Inc. (“Oceaneering”) (NYSEOII) announced the appointment of Jennifer Simons to succeed David Lawrence as Senior Vice President, Chief Legal Officer and Secretary, effective upon Ms. Simons’ commencement of employment with Oceaneering, which is expected on or about January 1, 2023. In this role, Ms. Simons will be responsible for Oceaneering’s global legal function.

Oceaneering International, Inc. ("Oceaneering") (NYSEOII) today reported net income of $18.3 million, or $0.18 per share, on revenue of $560 million for the three months ended September 30, 2022. Adjusted net income was $23.7 million, or $0.23 per share, reflecting the impact of $1.1 million of pre-tax adjustments associated with foreign exchange losses recognized during the quarter and $4.4 million of discrete tax adjustments, primarily due to changes in valuation allowances and uncertain tax positions.

Oceaneering International, Inc. (NYSEOII) announces that its Subsea Robotics segment won multiple contracts during the third quarter of 2022, with anticipated aggregate revenue of $300 million. These contracts are primarily for remotely operated vehicle (ROV) services delivered from floating drilling rigs and vessels for subsea equipment support, subsea intervention and construction. Also included among the contracted work scopes are ROV tooling, survey, positioning and autonomous underwater vehicle (AUV) services.

Oceaneering International, Inc. (“Oceaneering”) (NYSEOII) announces that it will report financial results for the third quarter of 2022 on Wednesday, October 26, 2022, after the close of trading on the New York Stock Exchange. The earnings release will be available on Oceaneering’s website at www.oceaneering.com.

Oceaneering International, Inc. ("Oceaneering") (NYSEOII) today announced the promotion of Christopher J. Dyer to Senior Vice President, Offshore Projects Group (OPG), and Leonardo P. Granato to Senior Vice President, Integrity Management and Digital Solutions (IMDS). These senior leadership appointments will be effective October 1, 2022.

Oceaneering International, Inc. ("Oceaneering") (NYSEOII) announced today that President and Chief Executive Officer Roderick A. Larson will present at the Barclays CEO Energy-Power Conference on Wednesday, September 7, 2022. Mr. Larson and other members of management will also host meetings with institutional investors.

Oceaneering International, Inc. (“Oceaneering”) (NYSEOII) announced today that Benjamin M. Laura, who currently serves as Oceaneering’s Senior Vice President, Offshore Projects Group, has been promoted to Senior Vice President and Chief Innovation Officer (“CIO”), effective October 1, 2022.

Oceaneering International, Inc. ("Oceaneering") (NYSEOII) today reported net income of $3.7 million, or $0.04 per share, on revenue of $524 million for the three months ended June 30, 2022. Adjusted net income was $7.4 million, or $0.07 per share, reflecting the impact of $0.9 million of pre-tax adjustments associated with foreign exchange gains recognized during the quarter and $4.5 million of discrete tax adjustments, primarily due to changes in valuation allowances.

Oceaneering International, Inc. (“Oceaneering”) (NYSEOII) announces that it will report financial results for the second quarter of 2022 on Wednesday, July 27, 2022, after the close of trading on the New York Stock Exchange. The earnings release will be available on Oceaneering’s website at www.oceaneering.com.

Oceaneering International, Inc. ("Oceaneering") (NYSEOII) announced today that President and Chief Executive Officer Roderick A. Larson will make a presentation at the J.P. Morgan Energy, Power & Renewables Conference, in New York on Wednesday, June 22, 2022. Mr. Larson and other members of management will also meet with institutional investors.

Oceaneering International (“Oceaneering”) (NYSEOII) announces that Oceaneering Space Systems (“OSS”), a division of the Aerospace and Defense Technologies segment, will serve on a team led by Collins Aerospace (“Collins”), a Raytheon Technologies business selected by the National Aeronautics and Space Administration (“NASA”) to develop next-generation extravehicular spacesuits.

Oceaneering International, Inc. ("Oceaneering") (NYSEOII) today reported a net loss of $19.2 million, or $(0.19) per share, on revenue of $446 million for the three months ended March 31, 2022. Adjusted net loss was $6.4 million, or $(0.06) per share, reflecting the impact of $0.4 million of pre-tax adjustments associated with foreign exchange gains recognized during the quarter and $13.1 million of discrete tax adjustments, primarily due to changes in valuation allowances.

Oceaneering International, Inc. (NYSEOII) today announced that it has released its first Climate Change Report. The report aligns with the framework developed by the Task Force on Climate-related Financial Disclosures (“TCFD”) and includes analysis and progress updates across each of the four TCFD pillars: Governance, Strategy, Risk Management, and Metrics and Targets.

Oceaneering International, Inc. (“Oceaneering”) (NYSEOII) today announced that it had entered into a new $215 million senior secured revolving credit facility (“Credit Facility”) that will mature in April 2026. This Credit Facility replaces Oceaneering’s prior credit facility, which was scheduled to mature on January 25, 2023.

Oceaneering International, Inc. (“Oceaneering”) (NYSEOII) announces that it will report financial results for the first quarter of 2022 on Wednesday, April 27, 2022, after the close of trading on the New York Stock Exchange. The earnings release will be available on Oceaneering’s website at www.oceaneering.com.

Oceaneering International, Inc. ("Oceaneering") (NYSEOII) announced today that Vice President of Corporate Development and Investor Relations, Mark Peterson, and Vice President and Chief Accounting Officer, Witland LeBlanc, will meet with institutional investors at the Piper Sandler Energy Conference on Tuesday, March 22, 2022.

Oceaneering International, Inc. ("Oceaneering") (NYSEOII) announced today that Senior Vice President and Chief Financial Officer Alan R. Curtis and Senior Vice President, Offshore Projects Group, Benjamin Laura, will meet with institutional investors at the Scotia Howard Weil Energy Conference on Tuesday, March 22, 2022.

Oceaneering International, Inc. ("Oceaneering") (NYSEOII) today reported a net loss of $38.8 million, or $(0.39) per share, on revenue of $467 million for the three months ended December 31, 2021. Adjusted net income was $5.0 million, or $0.05 per share, reflecting the impact of $30.6 million of pre-tax adjustments associated with the write-off of certain uncollectible accounts and foreign exchange losses recognized during the quarter and $19.6 million of discrete tax adjustments, primarily due to changes in valuation allowances.

Oceaneering International, Inc. (“Oceaneering”) (NYSEOII) announces that it will report financial results for the fourth quarter and full year 2021 on Thursday, February 24, 2022, after the close of trading on the New York Stock Exchange. The earnings release will be available on Oceaneering’s website at www.oceaneering.com.

Oceaneering International, Inc. (NYSEOII) announces that it has been awarded multiple contracts for its Integrity Management and Digital Solutions (IMDS) segment with over $80 million booked in the fourth quarter of 2021. The majority of these bookings, which are primarily with major offshore operators, represent renewals of existing agreements, with durations ranging from one to four years.