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Oceaneering International (OII)
NYSE:OII
RESEARCH TOOLSreports
Earnings Data
Report Date
Apr 23, 2025TBA Not Confirmed
Period Ending
2025 (Q1)Consensus EPS Forecast
0.31Last Year’s EPS
0.14Same Quarter Last Year
Based on 4 Analysts Ratings
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Earnings Call Summary
Earnings Call Date:Feb 19, 2025
|% Change Since: -10.52%
|Next Earnings Date:Apr 23, 2025
Earnings Call Sentiment|Positive
The earnings call highlighted a strong financial performance for Oceaneering with significant achievements in order intake, ROV uptime, and safety improvements. The company also secured a notable defense contract and projected a positive outlook for 2025. However, challenges in the Manufactured Products, IMDS, and AdTech segments, along with a decrease in free cash flow, were noted.Company Guidance
During Oceaneering's fourth quarter and full year 2024 earnings call, several key metrics and guidance were highlighted. The company reported a notable order intake of $2.9 billion and achieved a year-end ROV uptime rate of 99%. They realized a 13% improvement in ROV pricing and a 361 basis point improvement in SSR EBITDA margin, ending at 36%. For the fourth quarter, Oceaneering reported a net income of $56.1 million, a 26% year-over-year increase, and consolidated revenue of $713 million, up 9% from the prior year. The consolidated operating income was $77.9 million, a 64% increase year-over-year. For 2025, Oceaneering expects positive free cash flow between $110 million to $130 million and EBITDA ranging from $380 million to $430 million, with consolidated revenue projected to grow by mid to high single digits. The company forecasts ROV fleet utilization between the high sixty to low seventy percent range and anticipates a 17% year-over-year EBITDA increase. Additionally, the company highlighted a significant reduction in high potential incidents by 56% and a TRIR of 0.29 for the year.Strong Order Intake
Recorded notable order intake of $2.9 billion, indicating strong customer confidence in Oceaneering's services and products.
ROV Uptime and Pricing Improvements
Achieved a year-end ROV uptime rate of 99% and improved ROV pricing by 13% over the year.
Record Quarterly Revenue and EBITDA
Attained highest quarterly revenue since Q4 2015 and surpassed $100 million in adjusted EBITDA for the first time since Q2 2016.
Defense Contract Win
Won a contract from the Defense Innovation Unit to build a Freedom Vehicle for the US Navy, showcasing cross-industry applications of Oceaneering's technology.
Safety Achievements
Achieved a 56% reduction in high potential incidents and a TRIR of 0.29, nearly matching the record low TRIR of 2022.
Positive 2025 Outlook
Projected 2025 consolidated revenue to grow by mid to high single digits, with expectations for increased revenue and operating income in each segment.
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OII Earnings History
The table shows recent earnings report dates and whether the forecast was beat or missed. See the change in forecast and EPS from the previous year.
Beat
Missed
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OII Earnings-Related Price Changes
Report Date | Price 1 Day Before | Price 1 Day After | Percentage Change |
|---|---|---|---|
| Feb 19, 2025 | $25.18 | $24.15 | -4.09% |
| Oct 23, 2024 | $23.23 | $24.63 | +6.03% |
| Jul 24, 2024 | $25.45 | $28.95 | +13.75% |
| Apr 24, 2024 | $23.05 | $24.55 | +6.51% |
Earnings announcements can affect a stock’s price. This table shows the stock's price the day before and the day after recent earnings reports, including the percentage change.
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FAQ
When does Oceaneering International (OII) report earnings?
Oceaneering International (OII) is schdueled to report earning on Apr 23, 2025, TBA Not Confirmed.
What is Oceaneering International (OII) earnings time?
Oceaneering International (OII) earnings time is at Apr 23, 2025, TBA Not Confirmed.
Where can I see when companies are reporting earnings?
You can see which companies are reporting today on our designated earnings calendar.
What companies are reporting earnings today?
You can see a list of the companies which are reporting today on TipRanks earnings calendar.
What is OII EPS forecast?
OII EPS forecast for the fiscal quarter 2025 (Q1) is 0.31.
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