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As of 8:04 PM 03/4/15 All times are local (Market data is delayed by at least 15 minutes).

oceaneering intl inc (OII) Key Developments

Oceaneering International, Inc. Announces Executive Changes

Oceaneering International, Inc. announced that on February 19, 2015, Jerold J. DesRoche, a member of the Board of Directors of Oceaneering gave written notice to the Board that he would not stand for re-election and that he was retiring and resigning as a member of the Board effective upon the election of directors at Oceaneering's 2015 annual meeting of shareholders. On February 19, 2015, the Board appointed Roderick A. Larson as President and Chief Operating Officer. Mr. Larson joined Oceaneering in May 2012 as its Senior Vice President and Chief Operating Officer. M. Kevin McEvoy will continue to serve as Oceaneering's Chief Executive Officer (CEO).

Oceaneering International, Inc. Announces Consolidated Earnings Results for the Fourth Quarter and Full Year Ended December 31, 2014; Provides Earnings Guidance for the First Quarter and Full Year of 2015

Oceaneering International, Inc. announced consolidated earnings results for the fourth quarter and full year ended December 31, 2014. For the quarter, the company generated net income of $102,471,000 or $0.99 per diluted share compared to $93,433,000 or $0.86 per diluted share a year ago. Revenue was $918,927,000 compared to $894,798,000 a year ago. Income from operations was $152,239,000 compared to $136,753,000 a year ago. Income before income taxes was $149,156,000 compared to $136,399,000 a year ago. Capital expenditures, including acquisitions were $85,395,000 compared to $113,156,000 a year ago. EBITDA was $213,085,000 compared to $187,599,000 a year ago. For the year, the company generated net income of $428,329,000 or $4.00 per diluted share compared to $371,500,000 or $3.42 per diluted share a year ago. Revenue was $3,659,624,000 compared to $3,287,019,000 a year ago. Income from operations was $628,330,000 compared to $545,116,000 a year ago. Income before income taxes was $623,477,000 compared to $542,336,000 a year ago. Capital expenditures, including acquisitions were $426,671,000 compared to $393,590,000 a year ago. EBITDA was $857,671,000 compared to $746,204,000 a year ago. For the year 2015, the company expects net income in the range of $310,000,000 to $350,000,000. The company expects EBITDA in the range of $725,000,000 to $800,000,000. The company expects depreciation and amortization in the range of $250,000,000 to $265,000,000. The company is resetting EPS guidance to a range of $3.10 to $3.50. For the first quarter of 2015, the company is estimating EPS of $0.58 to $0.62.

Oceaneering International, Inc. Declares Quarterly Dividend, Payable on March 20, 2015

Oceaneering International, Inc. announced that its board of directors declared a regular quarterly dividend of $0.27 per common share. The dividend is payable March 20, 2015 to shareholders of record at the close of business on February 27, 2015.

Oceaneering International Wins Contract to Supply Umbilicals and Distribution Hardware to Hess Stampede Project

Oceaneering International announced that it has won a contract from Hess Corporation (HES) to supply the umbilicals and umbilical distribution hardware for the Stampede Project located in the Green Canyon area of the U.S. Gulf of Mexico.

Oceaneering International, Inc. to Report Q4, 2014 Results on Feb 11, 2015

Oceaneering International, Inc. announced that they will report Q4, 2014 results at 5:00 PM, US Eastern Standard Time on Feb 11, 2015

 

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