The earnings call reflected a strong first quarter performance with significant improvements in net income and revenue. Subsea Robotics and Offshore Projects Group achieved notable growth, and the company secured a major contract in Aerospace and Defense Technologies. However, challenges were noted in the Manufactured Products segment and cash flow management. Overall, the positive aspects slightly outweigh the concerns.

Company Guidance -

Q2 2025

During Oceaneering International, Inc.'s First Quarter 2025 Earnings Conference Call, the company delivered guidance reflecting a strong performance and a positive outlook for the year. The first quarter saw a net income of $50.4 million, or $0.49 per share, marking a 233% year-over-year increase. Consolidated revenue increased by 13% to $675 million, while EBITDA improved by 57% to $96.7 million. Subsea Robotics (SSR) and Offshore Projects Group (OPG) were key contributors, with SSR achieving a 25% EBITDA increase and OPG experiencing a 43% revenue rise. The company's backlog stood at $543 million, and they reported an order intake of approximately $1.2 billion. For the second quarter, Oceaneering expects revenue and EBITDA to increase, with EBITDA projected between $95 million and $105 million. Full-year 2025 guidance includes EBITDA in the range of $380 million to $430 million, supported by a diverse backlog and sustained market activity despite potential geopolitical uncertainties.

Strong First Quarter Performance

Oceaneering International reported net income of $50.4 million, or $0.49 per share, marking a 233% year-over-year increase. Consolidated revenue of $675 million improved by 13% compared to the first quarter of 2024. Consolidated adjusted EBITDA of $96.7 million saw a 57% improvement.

Subsea Robotics and Offshore Projects Group Success

Subsea Robotics (SSR) saw an 8% increase in average ROV revenue per day and a 25% increase in EBITDA. Offshore Projects Group (OPG) achieved a 43% revenue increase, with improved vessel activity contributing to a significant rise in operating income.

Largest Contract in Aerospace and Defense Technologies

The Aerospace and Defense Technologies (AdTech) segment was awarded the largest initial contract value in the company's history, which is expected to drive significant operating income growth in 2025.

Strong Order Intake and Backlog

First quarter 2025 order intake was approximately $1.2 billion, with a current backlog that has improved from the same time last year.

Oceaneering International (OII) Earnings, Revenues Date & History

The upcoming earnings date is based on a company’s previous reporting, and may be updated when the actual date is announced

Daily Earnings Calendar >

OII Earnings History

Report Date	Fiscal Quarter	Forecast / EPS	Last Year's EPS	EPS YoY Change	Slides	Play Transcript
Jul 23, 2025	2025 (Q2)	0.41 / -	0.28	―	―	―
Apr 23, 2025	2025 (Q1)	0.30 / 0.43	0.14	207.14% (+0.29)	―
Feb 19, 2025	2024 (Q4)	0.40 / 0.37	0.19	94.74% (+0.18)	―
Oct 23, 2024	2024 (Q3)	0.43 / 0.36	0.38	-5.26% (-0.02)	―
Jul 24, 2024	2024 (Q2)	0.32 / 0.28	0.18	55.56% (+0.10)	―
Apr 24, 2024	2024 (Q1)	0.07 / 0.14	0.05	180.00% (+0.09)	―
Feb 22, 2024	2023 (Q4)	0.25 / 0.19	0.06	216.67% (+0.13)	―
Oct 25, 2023	2023 (Q3)	0.32 / 0.38	0.23	65.22% (+0.15)	―
Jul 26, 2023	2023 (Q2)	0.29 / 0.18	0.07	157.14% (+0.11)	―
Apr 26, 2023	2023 (Q1)	0.08 / 0.05	-0.06	183.33% (+0.11)	―

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

OII Earnings-Related Price Changes

Report Date	Price 1 Day Before	Price 1 Day After	Percentage Change
Apr 23, 2025	$17.27	$17.92	+3.76%
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%

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.

FAQ

When does Oceaneering International (OII) report earnings?

Oceaneering International (OII) is schdueled to report earning on Jul 23, 2025, After Close (Confirmed).

What is Oceaneering International (OII) earnings time?

Oceaneering International (OII) earnings time is at Jul 23, 2025, After Close (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 (Q2) is 0.41.

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