Oceaneering Announces Dates for Fourth Quarter and Full Year 2024 Earnings Release and Conference Call
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 to Participate at the 2025 Goldman Sachs Global Energy, CleanTech & Utilities Conference
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 Appoints William Merz to Succeed Philip Beierl as Senior Vice President, Aerospace and Defense Technologies
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 Announces the Promotion of Benjamin M. Laura to Senior Vice President and Chief Operating Officer
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 to Participate at Investor Conferences: Bank of America Global Energy Conference and Baird Global Industrial Conference
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 Acquires Global Design Innovation Ltd.
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 Reports Third Quarter 2024 Results
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 Announces Dates for Third Quarter 2024 Earnings Release and Conference Call
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 to Participate at the Barclays CEO Energy-Power Conference
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 Reports Second Quarter 2024 Results
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 Awarded Multiple Contracts for Vessel Services in the Gulf of Mexico
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 Announces Dates for Second Quarter 2024 Earnings Release and Conference Call
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’s Manufactured Products Segment Secures Large Umbilical Contract
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 to Present at the J.P. Morgan Energy, Power & Renewables Conference
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 Announces Manufactured Products Contracts with Petrobras
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 Reports First Quarter 2024 Results
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 Reschedules Time of First Quarter 2024 Earnings Conference Call
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 to Host Investor & Analyst Day, May 9, 2024
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 Announces Dates for First Quarter 2024 Earnings Release and Conference Call
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. (NYSE: OII) Featured in Coverage of the 36th Annual Roth ConferenceFounded in 1964, Oceaneering International (
NYSEOII) has grown from a small diving company to a leading global provider of engineered products and services, including robotics and autonomous solutions, for industries including offshore energy, renewables, defense, aerospace, and entertainment. Known for innovative solutions in challenging environments—underwater, on land, and in space—the company emphasizes safety, health, environmental stewardship, and community support as core values. For more information, visit the company’s website at www.oceaneering.com .
Oceaneering to Participate at Investor Conferences: Annual Roth Conference and Piper Sandler Energy Conference
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 Appoints New Member to Its Board of Directors
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 Reports Fourth Quarter 2023 Results
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 to Participate at Investor Conferences: J.P. Morgan Global High Yield & Leveraged Finance Conference and Scotiabank Energy & Power Conference
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's Manufactured Products Segment Books Contracts of Approximately $200 Million
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.
