Oceaneering sees Q1 EBITDA $80M-$90M

The company states: “As compared to the first quarter of 2024, consolidated first quarter 2025 revenue is expected to increase and EBITDA is expected to increase significantly to the range of $80 million to $90 million. At the segment level, for the first quarter of 2025, as compared to the first quarter of 2024: SSR revenue is expected to increase and operating profitability is expected to significantly increase. Manufactured Products revenue and operating profitability are forecasted to remain flat. OPG revenue and operating profitability are projected to improve significantly. IMDS revenue and operating profitability are expected to remain flat. ADTech revenue and operating profitability are projected to remain flat. Unallocated Expenses are expected to be in the $45 million range.”