The earnings call reflected a strong financial performance with significant growth in revenue, operating income, and EBITDA. The company's segments, particularly Aerospace and Defense Technologies, showed notable success. Despite some challenges in specific areas like the Survey business and OPG, the company's outlook remains positive, supported by ongoing contract wins and future growth prospects.

Company Guidance -

Q3 2025

During Oceaneering's Second Quarter 2025 Earnings Conference Call, CEO Rod Larson provided detailed guidance and performance metrics for the company. The second quarter saw a 20% increase in consolidated adjusted EBITDA, surpassing the initial guidance of a 16% year-over-year increase. The company achieved a net income of $54.4 million, or $0.54 per share, and consolidated revenue rose by 4% to $698 million compared to the same quarter in 2024. Key operating segments, including Aerospace and Defense Technologies (ADTech) and Offshore Projects Group (OPG), contributed significantly to the strong performance, with ADTech's operating income soaring by 125% and OPG's by 31%. The average daily revenue for Remotely Operated Vehicles (ROVs) increased earlier than expected to $11,265. For the third quarter of 2025, consolidated EBITDA is projected to range between $100 million and $110 million, with expectations of improved revenue and operating results across various segments. For the full year, adjusted EBITDA guidance has been narrowed to between $390 million and $420 million, reflecting confidence in continued growth driven by strong market demand and strategic contract wins.

Consistent Financial Performance

Delivered a 20% year-over-year increase in consolidated adjusted EBITDA, surpassing the projected 16% increase, marking eight straight quarters of meeting or exceeding EBITDA guidance.

Revenue and Operating Income Growth

Consolidated revenue increased by 4% to $698 million, and operating income rose by 31% to $79.2 million in the second quarter of 2025.

Aerospace and Defense Technologies Success

ADTech operating income increased by 125% to $16.3 million, with revenue up by 13%. The segment benefited from recent contract awards.

Free Cash Flow Generation

Generated $77.2 million of cash in operating activities, with a resulting free cash flow of $46.9 million after capital expenditures.

Strong ROV Revenue

Achieved an average ROV revenue per day of $11,265, indicating pricing improvements and strong demand.

Manufactured Products Performance

Operating income increased by 31%, with a 4% revenue growth and operating income margin expanding by 262 basis points.

Future Growth Prospects

Strong outlook for ROV utilization, ADTech, and Manufactured Products for the remainder of 2025 and beyond, driven by new contracts and market opportunities.

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
Oct 22, 2025	2025 (Q3)	0.41 / -	0.36	―	―	―
Jul 23, 2025	2025 (Q2)	0.40 / 0.49	0.28	75.00% (+0.21)	―
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)	―

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
Jul 23, 2025	$22.43	$23.95	+6.78%
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%

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 Oct 22, 2025, After Close (Confirmed).

What is Oceaneering International (OII) earnings time?

Oceaneering International (OII) earnings time is at Oct 22, 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 (Q3) is 0.41.

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