Record Quarterly EBITDA
Oceaneering achieved consolidated adjusted EBITDA of $111 million, marking the highest quarterly performance since Q4 2015.
Revenue and Operating Income Growth
Revenue increased by 9% to $743 million, and operating income rose by 21% to $86.5 million compared to Q3 2024.
ADTech Segment Performance
Aerospace and Defense Technologies (ADTech) saw a 36% increase in operating income and a 27% increase in revenue year-over-year.
Strong Free Cash Flow
Free cash flow generation of $77 million was reported after $24.2 million of investments, with a cash position of $506 million at the end of the quarter.
Subsea Robotics Contract Win
A significant $180 million contract was secured with Petrobras in the Subsea Robotics segment.