Announcement • 21h
Oceaneering International, Inc. to Report Q2, 2026 Results on Jul 22, 2026 Oceaneering International, Inc. announced that they will report Q2, 2026 results After-Market on Jul 22, 2026 Recent Insider Transactions • May 20
Insider recently sold €2.3m worth of stock On the 13th of May, Martin McDonald sold around 70k shares on-market at roughly €32.82 per share. This transaction amounted to 59% of their direct individual holding at the time of the trade. This was the largest sale by an insider in the last 3 months. Insiders have been net sellers, collectively disposing of €7.5m more than they bought in the last 12 months. Announcement • Apr 24
Oceaneering International, Inc. Provides Consolidated Earnings Guidance for the Second Quarter Ended June 30, 2026 Oceaneering International, Inc. provided consolidated earnings guidance for the second quarter ended June 30, 2026. As compared to the second quarter of 2025, Consolidated second quarter 2026 revenue is projected to increase. Announcement • Apr 03
Oceaneering International, Inc., Annual General Meeting, May 15, 2026 Oceaneering International, Inc., Annual General Meeting, May 15, 2026. Location: 5775 n. sam houston pkwy. w, texas 77086, houston United States Announcement • Mar 26
Oceaneering International, Inc. to Report Q1, 2026 Results on Apr 22, 2026 Oceaneering International, Inc. announced that they will report Q1, 2026 results at 4:00 PM, US Eastern Standard Time on Apr 22, 2026 Announcement • Feb 19
Oceaneering International, Inc. Provides Consolidated Earnings Guidance for the First Quarter Ending March 31, 2026 and Full Year Ending December 31, 2026 Oceaneering International, Inc. provided earnings guidance for the first quarter ending March 31, 2026 and Full Year Ending December 31, 2026. For the first quarter of 2026, as compared to the first quarter of 2025, consolidated first quarter 2026 revenue is expected to be lower.
For the Full Year 2026, Net income is expected to be in the range of $178 million to $203 million. Announcement • Jan 22
Oceaneering International, Inc. to Report Q4, 2025 Results on Feb 18, 2026 Oceaneering International, Inc. announced that they will report Q4, 2025 results After-Market on Feb 18, 2026 Announcement • Dec 24
Oceaneering International, Inc. Announces Appointment of Roger Jenkins as Independent, Non-Executive Director in Class III to Its Board of Directors, Effective January 1, 2026 Oceaneering International, Inc. announced that Mr. Roger Jenkins has been elected to its Board of Directors as an independent, non-executive director in Class III, effective January 1, 2026. His initial term will extend until Oceaneering’s Annual Meeting of Shareholders in 2028. Mr. Jenkins, 64, previously served as President and Chief Executive Officer of Murphy Oil Corporation from August 2013 until his retirement in December 2024. He joined Murphy Oil Corporation in 2001 as Drilling Manager in Kuala Lumpur, Malaysia, and subsequently held positions of increasing responsibility, including Senior Vice President, North America (2007–2008). Mr. Jenkins was promoted to President of Murphy’s Exploration & Production Company in 2009. In 2012, he became Executive Vice President and Chief Operating Officer of Murphy Oil Corporation, and in 2013, he was appointed President and Chief Executive Officer and joined Murphy Oil Corporation’s Board of Directors, where he served until his retirement in December 2024. Prior to his tenure at Murphy Oil Corporation, Mr. Jenkins spent 17 years with Texaco Inc. (now part of Chevron Corporation) from 1984 to 2001, serving in various engineering and drilling management roles in the Gulf of Mexico. Mr. Jenkins brings extensive governance experience from the energy and financial sectors. He has been a member of the Board of Directors of Regions Financial Corporation since January 2025, where he serves on the Risk and Technology Committees. He previously served as an independent director on the Board of Directors of Noble Corporation from 2018 to 2020. During his time as CEO of Murphy Oil Corporation, he served on the Board of Directors of the American Petroleum Institute and was a member of the National Petroleum Council. He has served on the Board of Directors of the LSU Foundation since 2016, including the Chair role from 2022-2024. Mr. Jenkins holds a bachelor’s degree in petroleum engineering from Louisiana State University (1983) and an MBA from the A.B.Freeman School of Business at Tulane University (1994). Announcement • Oct 23
Oceaneering International, Inc. Provides Earnings Guidance for the Fourth Quarter and Year Ending December 31, 2025 Oceaneering International, Inc. provided earnings guidance for the fourth quarter and year ending December 31, 2025. For the fourth quarter, the company reported that as compared to the fourth quarter of 2024, consolidated fourth quarter 2025 revenue is expected to be lower.
For the year 2025, the company expects net income of $208,000,000 - $213,000,000. Announcement • Sep 25
Oceaneering International, Inc. to Report Q3, 2025 Results on Oct 22, 2025 Oceaneering International, Inc. announced that they will report Q3, 2025 results After-Market on Oct 22, 2025 Announcement • Jul 24
Oceaneering International, Inc. Provides V Earnings Guidance for the Third Quarter and Full Year 2025 Oceaneering International, Inc. provided consolidated earnings guidance for the third quarter and full year 2025. For the quarter, consolidated third quarter 2025 revenue is expected to increase.
For the year, consolidated revenue is expected to grow in the mid-single digit percent range. Announcement • Jul 03
Oceaneering International, Inc. to Report Q2, 2025 Results on Jul 23, 2025 Oceaneering International, Inc. announced that they will report Q2, 2025 results After-Market on Jul 23, 2025 Announcement • Jun 07
Oceaneering International, Inc. Announces Chief Financial Officer Changes, Effective January 1, 2026 Oceaneering International, Inc. announced a chief financial officer (CFO) succession plan. Alan R. Curtis, CFO, has announced his decision to retire from his position effective January 1, 2026. Mr. Curtis began his career with Oceaneering in 1995 as a Financial Controller and has served in a variety of roles, including most recently as CFO since 2015. Michael W. Sumruld will join Oceaneering as Senior Vice President of Finance on September 1, 2025, and is expected to later succeed Mr. Curtis as CFO upon Mr. Curtis's retirement from such position. Mr. Curtis will continue to serve Oceaneering in a supporting role to provide for an orderly transition of duties. Mr. Sumruld will report to Mr. Larson. Mr. Sumruld most recently served as Senior Vice President and CFO for Parker Drilling Company from October 2017 until its sale to Nabors Industries Ltd. in March 2025. In that role, he managed the company’s investor relations, corporate development, treasury, finance and accounting, tax, financial planning and analysis, compliance, operations integrity, and information technology organizations. Prior to his time at Parker Drilling Company, Mr. Sumruld held positions at LyondellBasell Industries N.V. and at Baker Hughes Incorporated. He is a certified public accountant and holds a bachelor’s degree in accounting from the University of Houston and a Master of Business Administration from Texas A&M University. Announcement • May 16
Infinite Acquisitions Partners Llc completed the acquisition of Oceaneering Entertainment Systems from Oceaneering International, Inc. (NYSE:OII). Infinite Acquisitions Partners Llc signed a letter of intent to acquire Oceaneering Entertainment Systems from Oceaneering International, Inc. (NYSE:OII) on November 19, 2024.
Infinite Acquisitions Partners Llc completed the acquisition of Oceaneering Entertainment Systems from Oceaneering International, Inc. (NYSE:OII) on May 15, 2025. Announcement • Apr 24
Oceaneering International, Inc. Provides Earnings Guidance for the Second Quarter and Reiterates Full Year Guidance for 2025 Oceaneering International, Inc. provided earnings guidance for the second quarter and reiterates full year guidance for 2025. For the second quarter, the company expects revenue to increase.
For the year, the company consolidated and segment guidance remains the same as provided in the fourth quarter 2024 earnings release and call. Announcement • Mar 31
Oceaneering International, Inc., Annual General Meeting, May 09, 2025 Oceaneering International, Inc., Annual General Meeting, May 09, 2025. Location: 5775 n, sam houston pkwy w, texas 77086, houston United States Announcement • Mar 28
Oceaneering International, Inc. to Report Q1, 2025 Results on Apr 23, 2025 Oceaneering International, Inc. announced that they will report Q1, 2025 results After-Market on Apr 23, 2025 Announcement • Feb 21
Oceaneering International, Inc. Provides Earnings Guidance for the Full Year 2025 Oceaneering International, Inc. provided earnings guidance for the full year 2025. For the period, the company expects Net income is expected in the range of $160 million to $190 million. Announcement • Jan 24
Oceaneering International, Inc. to Report Q4, 2024 Results on Feb 19, 2025 Oceaneering International, Inc. announced that they will report Q4, 2024 results After-Market on Feb 19, 2025 Board Change • Dec 30
Insufficient new directors There is 1 new director who has joined the board in the last 3 years. The company's board is composed of: 1 new director. 3 experienced directors. 5 highly experienced directors. Independent Non-Executive Director Reema Poddar was the last director to join the board, commencing their role in 2024. The company’s insufficient board refreshment is considered a risk according to the Simply Wall St Risk Model. Announcement • Dec 20
Oceaneering International, Inc. Announces Executive Changes, Effective January 1, 2025 Oceaneering International, Inc. announced the appointment of William Merz to succeed Philip Beierl as Senior Vice President, Aerospace and Defense Technologies (“ADTech”), effective January 1, 2025. In his new role, Mr. Merz will have global responsibility for Oceaneering’s ADTech business segment. Mr. Merz joined Oceaneering in January 2024 as Vice President of Operations, Aerospace and Defense Technologies. Prior to joining Oceaneering, Mr. Merz had a distinguished career in the U.S. Navy that included command of the U.S. Seventh Fleet and senior financial, requirements, and operations positions at the Pentagon. Mr. Merz currently serves on the Center for Naval Analysis Board of Trustees. Mr. Beierl, who joined Oceaneering in 2005, has notified Oceaneering of his plan to retire. He has agreed to continue to serve in a supporting role for a transitional period. Announcement • Nov 20
Infinite Acquisitions Partners Llc signed a letter of intent to acquire Oceaneering Entertainment Systems from Oceaneering International, Inc. (NYSE:OII) Infinite Acquisitions Partners Llc signed a letter of intent to acquire Oceaneering Entertainment Systems from Oceaneering International, Inc. (NYSE:OII) on November 19, 2024. Valuation Update With 7 Day Price Move • Nov 08
Investor sentiment improves as stock rises 21% After last week's 21% share price gain to €27.20, the stock trades at a forward P/E ratio of 16x. Average forward P/E is 7x in the Energy Services industry in Europe. Total returns to shareholders of 137% over the past three years. Simply Wall St's valuation model estimates the intrinsic value at €37.06 per share. Announcement • Oct 30
Oceaneering International, Inc. (NYSE:OII) acquired Global Design Innovation Ltd on October 29, 2024. Oceaneering International, Inc. (NYSE:OII) acquired Global Design Innovation Ltd on October 29, 2024. Global Design Innovation Ltd will continue to operate under its existing brand identity.
Oceaneering International, Inc. (NYSE:OII) completed the acquisition of Global Design Innovation Ltd on October 29, 2024. Reported Earnings • Oct 24
Third quarter 2024 earnings released: EPS: US$0.40 (vs US$0.30 in 3Q 2023) Third quarter 2024 results: EPS: US$0.40 (up from US$0.30 in 3Q 2023). Revenue: US$679.8m (up 7.0% from 3Q 2023). Net income: US$41.2m (up 38% from 3Q 2023). Profit margin: 6.1% (up from 4.7% in 3Q 2023). The increase in margin was driven by higher revenue. Revenue is forecast to grow 6.9% p.a. on average during the next 3 years, compared to a 2.9% growth forecast for the Energy Services industry in Europe. Over the last 3 years on average, earnings per share has increased by 102% per year but the company’s share price has only increased by 21% per year, which means it is significantly lagging earnings growth. Announcement • Sep 27
Oceaneering International, Inc. to Report Q3, 2024 Results on Oct 23, 2024 Oceaneering International, Inc. announced that they will report Q3, 2024 results After-Market on Oct 23, 2024 Recent Insider Transactions • Aug 18
Senior VP & CFO recently sold €524k worth of stock On the 15th of August, Alan Curtis sold around 21k shares on-market at roughly €24.87 per share. This transaction amounted to 12% of their direct individual holding at the time of the trade. This was the largest sale by an insider in the last 3 months. Alan has been a net seller over the last 12 months, reducing personal holdings by €1.3m. Valuation Update With 7 Day Price Move • Aug 02
Investor sentiment improves as stock rises 18% After last week's 18% share price gain to €27.40, the stock trades at a forward P/E ratio of 19x. Average forward P/E is 9x in the Energy Services industry in Europe. Total returns to shareholders of 169% over the past three years. Simply Wall St's valuation model estimates the intrinsic value at €22.60 per share. New Risk • Jul 27
New minor risk - Share price stability The company's share price has been volatile over the past 3 months. It is more volatile than 75% of German stocks, typically moving 7.0% a week. This is considered a minor risk. Share price volatility indicates the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. It also increases the risk of potential losses in the short term as the stock tends to have larger drops in price more frequently than other stocks. This is currently the only risk that has been identified for the company. Buy Or Sell Opportunity • Jul 27
Now 36% overvalued after recent price rise Over the last 90 days, the stock has risen 17% to €26.40. The fair value is estimated to be €19.48, however this is not to be taken as a sell recommendation but rather should be used as a guide only. Revenue has grown by 13% over the last 3 years. Meanwhile, the company has become profitable. Revenue is forecast to grow by 6.9% in a year. Earnings are forecast to grow by 24% in the next year. Reported Earnings • Jul 25
Second quarter 2024 earnings released: EPS: US$0.34 (vs US$0.19 in 2Q 2023) Second quarter 2024 results: EPS: US$0.34 (up from US$0.19 in 2Q 2023). Revenue: US$668.8m (up 12% from 2Q 2023). Net income: US$35.0m (up 84% from 2Q 2023). Profit margin: 5.2% (up from 3.2% in 2Q 2023). The increase in margin was driven by higher revenue. Revenue is forecast to grow 6.8% p.a. on average during the next 3 years, compared to a 4.1% growth forecast for the Energy Services industry in Europe. Over the last 3 years on average, earnings per share has increased by 110% per year but the company’s share price has only increased by 27% per year, which means it is significantly lagging earnings growth. Buy Or Sell Opportunity • Jul 02
Now 21% undervalued after recent price drop Over the last 90 days, the stock has fallen 1.8% to €21.60. The fair value is estimated to be €27.26, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 12% over the last 3 years. Meanwhile, the company has become profitable. For the next 3 years, revenue is forecast to grow by 6.6% per annum. Earnings are also forecast to grow by 18% per annum over the same time period. Announcement • Jun 27
Oceaneering International, Inc. to Report Q2, 2024 Results on Jul 24, 2024 Oceaneering International, Inc. announced that they will report Q2, 2024 results After-Market on Jul 24, 2024 Buy Or Sell Opportunity • Jun 27
Now 21% undervalued after recent price drop Over the last 90 days, the stock has fallen 1.9% to €21.00. The fair value is estimated to be €26.52, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 12% over the last 3 years. Meanwhile, the company has become profitable. For the next 3 years, revenue is forecast to grow by 6.6% per annum. Earnings are also forecast to grow by 18% per annum over the same time period. Board Change • Jun 19
Insufficient new directors There is 1 new director who has joined the board in the last 3 years. The company's board is composed of: 1 new director. 4 experienced directors. 4 highly experienced directors. Independent Non-Executive Director Reema Poddar was the last director to join the board, commencing their role in 2024. The company’s insufficient board refreshment is considered a risk according to the Simply Wall St Risk Model. Buy Or Sell Opportunity • Jun 04
Now 24% undervalued Over the last 90 days, the stock has risen 4.9% to €19.10. The fair value is estimated to be €25.24, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 12% over the last 3 years. Meanwhile, the company has become profitable. For the next 3 years, revenue is forecast to grow by 6.6% per annum. Earnings are also forecast to grow by 18% per annum over the same time period. Reported Earnings • Apr 25
First quarter 2024 earnings released: EPS: US$0.15 (vs US$0.04 in 1Q 2023) First quarter 2024 results: EPS: US$0.15 (up from US$0.04 in 1Q 2023). Revenue: US$599.1m (up 12% from 1Q 2023). Net income: US$15.1m (up 273% from 1Q 2023). Profit margin: 2.5% (up from 0.8% in 1Q 2023). The increase in margin was driven by higher revenue. Revenue is forecast to grow 6.7% p.a. on average during the next 3 years, compared to a 1.3% growth forecast for the Energy Services industry in Europe. Over the last 3 years on average, earnings per share has increased by 113% per year but the company’s share price has only increased by 32% per year, which means it is significantly lagging earnings growth. Buy Or Sell Opportunity • Apr 17
Now 21% undervalued Over the last 90 days, the stock has risen 22% to €21.40. The fair value is estimated to be €27.02, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 11% over the last 3 years. Meanwhile, the company has become profitable. For the next 3 years, revenue is forecast to grow by 6.8% per annum. Earnings are also forecast to grow by 18% per annum over the same time period. Announcement • Mar 28
Oceaneering International, Inc. to Report Q1, 2024 Results on Apr 24, 2024 Oceaneering International, Inc. announced that they will report Q1, 2024 results After-Market on Apr 24, 2024 Buy Or Sell Opportunity • Mar 23
Now 21% undervalued Over the last 90 days, the stock has risen 5.6% to €20.60. The fair value is estimated to be €26.10, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 11% over the last 3 years. Meanwhile, the company has become profitable. For the next 3 years, revenue is forecast to grow by 6.8% per annum. Earnings are also forecast to grow by 18% per annum over the same time period. Announcement • Feb 29
Oceaneering International, Inc. Elects Reema Poddar as an Independent, Non-Executive Director On February 21, 2024, the Board of Directors of Oceaneering International, Inc. elected Ms. Reema Poddar to serve as an independent, non-executive director, in Class I, effective as of February 22, 2024. Ms. Poddar was also appointed as a member of the Nominating, Corporate Governance and Sustainability Committee of the Board. Ms. Poddar, 56, served as Executive Vice President and General Manager of the diagnostic and pathway informatics business at Philips, a health technology company, from June 2022 to July 2023. Prior to joining Philips, Ms. Poddar served as Head of Product & Technology of OptimEyes.AI from June 2020 to May 2022, and in several executive roles at Teradata Corporation from July 2017 to February 2020, including most recently as Executive Vice President and Chief Product and Development Officer. Ms. Poddar also spent 14 years at General Electric, including most recently as Executive Vice President and Head of Software Engineering at its subsidiary, GE Digital, before leaving to serve as co-founder and Chief Operating Officer of AdFender, Inc. from June 2016 to July 2017. Ms. Poddar has also been a member of the board of directors of MeridianLink, Inc. since November 2021, the board of directors of Accion Labs Group Holdings, Inc. since 2021, and the advisory board of OptimEyes.AI since 2020. Ms. Poddar previously served on the corporate council board of advisors to the Dean of UC San Diego Jacobs School of Engineering from 2018 to 2020. Ms. Poddar holds a master’s degree in computer applications from Bangalore University, India and a master’s degree in physics from Mahatma Gandhi University, India. Reported Earnings • Feb 23
Full year 2023 earnings released: EPS: US$0.95 (vs US$0.26 in FY 2022) Full year 2023 results: EPS: US$0.95 (up from US$0.26 in FY 2022). Revenue: US$2.42b (up 17% from FY 2022). Net income: US$97.4m (up 276% from FY 2022). Profit margin: 4.0% (up from 1.3% in FY 2022). The increase in margin was driven by higher revenue. Revenue is forecast to grow 6.8% p.a. on average during the next 3 years, compared to a 1.7% growth forecast for the Energy Services industry in Europe. Over the last 3 years on average, earnings per share has increased by 127% per year but the company’s share price has only increased by 27% per year, which means it is significantly lagging earnings growth. Announcement • Feb 23
Oceaneering International, Inc. Provides Earnings Guidance for the Year Ending December 31, 2024 Oceaneering International, Inc. provided earnings guidance for the year ending December 31, 2024. For the year, the company expects net income to be in the range of $125,000,000 to $155,000,000. Buy Or Sell Opportunity • Feb 22
Now 20% undervalued Over the last 90 days, the stock has risen 5.9% to €19.80. The fair value is estimated to be €24.84, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 7.8% over the last 3 years. Meanwhile, the company has become profitable. For the next 3 years, revenue is forecast to grow by 7.8% per annum. Earnings are also forecast to grow by 23% per annum over the same time period. Announcement • Jan 25
Oceaneering International, Inc. to Report Q4, 2023 Results on Feb 22, 2024 Oceaneering International, Inc. announced that they will report Q4, 2023 results After-Market on Feb 22, 2024 Announcement • Jan 11
Oceaneering International, Inc. Announces Executive Changes Oceaneering International, Inc. announced that Hilary Frisbie has been appointed to succeed Mark Peterson as Senior Director, Investor Relations, effective January 10, 2024. Ms. Frisbie joined Oceaneering’s legal department in 2011 and has served most recently as Associate General Counsel. She has led Oceaneering’s global contracting programs, including initiatives on contract risk management, market entry, and compliance. Prior to joining Oceaneering, she practiced law with a private law firm. Ms. Frisbie received her law degree from The University of Texas School of Law and holds a Bachelor’s degree from The University of Texas at Austin. Mr. Peterson has notified Oceaneering of his plan to retire from the company. He will continue to serve in a supporting role for a transitional period. Buying Opportunity • Jan 10
Now 20% undervalued after recent price drop Over the last 90 days, the stock is down 22%. The fair value is estimated to be €22.89, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 7.8% over the last 3 years. Meanwhile, the company has become profitable. For the next 3 years, revenue is forecast to grow by 7.8% per annum. Earnings is also forecast to grow by 22% per annum over the same time period. Announcement • Nov 18
Oceaneering International, Inc. Announces Promotion of Catherine E. Dunn to Chief Accounting Officer, Effective December 1, 2023 Oceaneering International, Inc. (“Oceaneering”) announced the promotion of Catherine E. Dunn to Chief Accounting Officer (“CAO”), effective December 1, 2023. Mrs. Dunn joined Oceaneering in June 2002 and has served as Corporate Controller since January 2012. Her career includes significant financial and public accounting experience in the energy industry. Prior to joining Oceaneering, Mrs. Dunn was with Arthur Anderson. Mrs. Dunn holds a Bachelor’s degree in Accounting from Louisiana State University and is a Certified Public Accountant. Buying Opportunity • Oct 26
Now 23% undervalued Over the last 90 days, the stock is up 5.5%. The fair value is estimated to be €27.40, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 7.8% over the last 3 years. Meanwhile, the company has become profitable. Revenue is forecast to grow by 13% in a year. Earnings is forecast to grow by 65% in the next year. Announcement • Oct 26
Oceaneering International, Inc. Revises Earnings Guidance for the Full Year 2023 Oceaneering International, Inc. revised earnings guidance for the full year 2023. For the year, the company revises net income in the range of $75 million to $90 million. Valuation Update With 7 Day Price Move • Sep 28
Investor sentiment improves as stock rises 15% After last week's 15% share price gain to €25.80, the stock trades at a forward P/E ratio of 22x. Average forward P/E is 9x in the Energy Services industry in Europe. Total returns to shareholders of 808% over the past three years. Simply Wall St's valuation model estimates the intrinsic value at €21.48 per share. Announcement • Sep 28
Oceaneering International, Inc. to Report Q3, 2023 Results on Oct 25, 2023 Oceaneering International, Inc. announced that they will report Q3, 2023 results After-Market on Oct 25, 2023 Recent Insider Transactions • Sep 28
Senior VP & CFO recently sold €781k worth of stock On the 27th of September, Alan Curtis sold around 31k shares on-market at roughly €25.17 per share. This transaction amounted to 16% of their direct individual holding at the time of the trade. This was the largest sale by an insider in the last 3 months. This was Alan's only on-market trade for the last 12 months. Announcement • Jul 28
Oceaneering International, Inc. Provides Earnings Guidance for Year 2023 Oceaneering International, Inc. provided earnings guidance for year 2023. For the year, Company Affirmed guidance for 2023 Net income in the range of $75 million to $90 million. Reported Earnings • Jul 27
Second quarter 2023 earnings released: EPS: US$0.19 (vs US$0.037 in 2Q 2022) Second quarter 2023 results: EPS: US$0.19 (up from US$0.037 in 2Q 2022). Revenue: US$597.9m (up 14% from 2Q 2022). Net income: US$19.0m (up 411% from 2Q 2022). Profit margin: 3.2% (up from 0.7% in 2Q 2022). The increase in margin was driven by higher revenue. Revenue is forecast to grow 6.2% p.a. on average during the next 3 years, compared to a 4.3% growth forecast for the Energy Services industry in Europe. Over the last 3 years on average, earnings per share has increased by 122% per year but the company’s share price has only increased by 60% per year, which means it is significantly lagging earnings growth. Announcement • Jul 12
Witland J. Leblanc, Jr. Resigned as Chief Accounting Officer of Oceaneering International, Inc., Effective on August 7, 2023 On July 5, 2023, Mr. Witland J. LeBlanc, Jr. announced his intention to resign as Chief Accounting Officer of Oceaneering International, Inc., effective on August 7, 2023 (the "Effective Date"), in order to pursue another opportunity. Valuation Update With 7 Day Price Move • Jul 10
Investor sentiment improves as stock rises 15% After last week's 15% share price gain to €20.20, the stock trades at a forward P/E ratio of 22x. Average forward P/E is 11x in the Energy Services industry in Europe. Total returns to shareholders of 300% over the past three years. Simply Wall St's valuation model estimates the intrinsic value at €16.72 per share. Announcement • Jun 29
Oceaneering International, Inc. to Report Q2, 2023 Results on Jul 26, 2023 Oceaneering International, Inc. announced that they will report Q2, 2023 results at 4:00 PM, US Eastern Standard Time on Jul 26, 2023 Valuation Update With 7 Day Price Move • Jun 08
Investor sentiment improves as stock rises 16% After last week's 16% share price gain to €16.50, the stock trades at a forward P/E ratio of 19x. Average forward P/E is 10x in the Energy Services industry in Europe. Total returns to shareholders of 168% over the past three years. Simply Wall St's valuation model estimates the intrinsic value at €15.38 per share. Recent Insider Transactions • May 18
Independent Director recently sold €736k worth of stock On the 15th of May, Deanna L. Goodwin sold around 48k shares on-market at roughly €15.24 per share. This transaction amounted to 71% of their direct individual holding at the time of the trade. This was the largest sale by an insider in the last 3 months. Insiders have been net sellers, collectively disposing of €445k more than they bought in the last 12 months. Reported Earnings • Apr 28
First quarter 2023 earnings released: EPS: US$0.04 (vs US$0.19 loss in 1Q 2022) First quarter 2023 results: EPS: US$0.04 (up from US$0.19 loss in 1Q 2022). Revenue: US$537.0m (up 20% from 1Q 2022). Net income: US$4.06m (up US$23.3m from 1Q 2022). Profit margin: 0.8% (up from net loss in 1Q 2022). The move to profitability was driven by higher revenue. Revenue is forecast to grow 5.3% p.a. on average during the next 3 years, compared to a 5.5% growth forecast for the Energy Services industry in Europe. Over the last 3 years on average, earnings per share has increased by 111% per year but the company’s share price has only increased by 48% per year, which means it is significantly lagging earnings growth. Recent Insider Transactions • Mar 30
Independent Non-Executive Director recently sold €154k worth of stock On the 28th of March, Karen Beachy sold around 10k shares on-market at roughly €16.21 per share. This transaction amounted to 24% of their direct individual holding at the time of the trade. This was the largest sale by an insider in the last 3 months. Despite this recent sale, insiders have collectively bought €440k more than they sold in the last 12 months. Valuation Update With 7 Day Price Move • Mar 14
Investor sentiment deteriorates as stock falls 20% After last week's 20% share price decline to €16.40, the stock trades at a forward P/E ratio of 21x. Average forward P/E is 11x in the Energy Services industry in Europe. Total returns to shareholders of 659% over the past three years. Simply Wall St's valuation model estimates the intrinsic value at €13.30 per share. Reported Earnings • Feb 24
Full year 2022 earnings released: EPS: US$0.26 (vs US$0.49 loss in FY 2021) Full year 2022 results: EPS: US$0.26 (up from US$0.49 loss in FY 2021). Revenue: US$2.07b (up 11% from FY 2021). Net income: US$25.9m (up US$75.2m from FY 2021). Profit margin: 1.3% (up from net loss in FY 2021). The move to profitability was driven by higher revenue. Revenue is forecast to grow 5.7% p.a. on average during the next 3 years, compared to a 5.9% growth forecast for the Energy Services industry in Europe. Over the last 3 years on average, earnings per share has increased by 91% per year but the company’s share price has only increased by 23% per year, which means it is significantly lagging earnings growth. Announcement • Jan 27
Oceaneering International, Inc. to Report Q4, 2022 Results on Feb 23, 2023 Oceaneering International, Inc. announced that they will report Q4, 2022 results at 4:00 PM, US Eastern Standard Time on Feb 23, 2023 Announcement • Dec 20
Oceaneering International, Inc. Announces Executive Changes, on or About January 1, 2023 Oceaneering International, Inc. announced the appointment of Jennifer Simons to succeed David Lawrence as Senior Vice President, Chief Legal Officer and Secretary, effective upon Ms. Simons’ commencement of employment with Oceaneering, which is expected on or about January 1, 2023. In this role, Ms. Simons will be responsible for Oceaneering’s global legal function. Ms. Simons has worked for Parker Wellbore since 2010, serving in roles of increasing seniority and responsibility. She most recently served as Senior Vice President, Chief Administration Officer, General Counsel and Corporate Secretary, a role held since 2020, and Vice President, General Counsel and Corporate Secretary, a role held from 2018 through 2020. From 2016 through 2018, Ms. Simons served as General Manager of the company’s Canadian offshore drilling operations. Prior to her service with Parker Wellbore, Ms. Simons practiced law with a private law firm. Mr. Lawrence, who joined Oceaneering in 2005, recently notified Oceaneering of his plan to retire from the Company. He has agreed to continue to serve in a supporting role for a transitional period. Board Change • Nov 16
Insufficient new directors There is 1 new director who has joined the board in the last 3 years. The company's board is composed of: 1 new director. 5 experienced directors. 3 highly experienced directors. Independent Non-Executive Director Karen Beachy was the last director to join the board, commencing their role in 2021. The company’s insufficient board refreshment is considered a risk according to the Simply Wall St Risk Model. Reported Earnings • Oct 27
Third quarter 2022 earnings released: EPS: US$0.18 (vs US$0.074 loss in 3Q 2021) Third quarter 2022 results: EPS: US$0.18 (up from US$0.074 loss in 3Q 2021). Revenue: US$559.7m (up 20% from 3Q 2021). Net income: US$18.3m (up US$25.7m from 3Q 2021). Profit margin: 3.3% (up from net loss in 3Q 2021). The move to profitability was driven by higher revenue. Revenue is forecast to grow 6.8% p.a. on average during the next 3 years, compared to a 8.0% growth forecast for the Energy Services industry in Europe. Over the last 3 years on average, earnings per share has increased by 66% per year but the company’s share price has fallen by 5% per year, which means it is significantly lagging earnings. Announcement • Oct 23
David K. Lawrence Intends to Retire as Senior Vice President, General Counsel and Secretary of Oceaneering International, Inc., Effective Upon the Appointment of A Suitable Successor On October 20, 2022, Mr. David K. Lawrence announced his intention to retire as Senior Vice President, General Counsel and Secretary of Oceaneering International, Inc. ("Oceaneering" or "us"), effective upon the appointment of a suitable successor (the "Effective Date"). Mr. Lawrence will continue to serve in his current role through the Effective Date and, to provide for an orderly transition of duties, has agreed to continue to serve Oceaneering in a supporting role during a transition period following the Effective Date. Recent Insider Transactions • Sep 29
Independent Director recently bought €200k worth of stock On the 27th of September, Steven Webster bought around 25k shares on-market at roughly €7.99 per share. This transaction amounted to 25% of their direct individual holding at the time of the trade. This was the largest purchase by an insider in the last 3 months. Insiders have collectively bought €255k more in shares than they have sold in the last 12 months. Announcement • Sep 29
Oceaneering International, Inc. to Report Q3, 2022 Results on Oct 26, 2022 Oceaneering International, Inc. announced that they will report Q3, 2022 results at 4:00 PM, US Eastern Standard Time on Oct 26, 2022 Board Change • Sep 20
Insufficient new directors There is 1 new director who has joined the board in the last 3 years. The company's board is composed of: 1 new director. 5 experienced directors. 3 highly experienced directors. Independent Non-Executive Director Karen Beachy was the last director to join the board, commencing their role in 2021. The company’s insufficient board refreshment is considered a risk according to the Simply Wall St Risk Model. Announcement • Sep 18
Oceaneering International, Inc. Announces Resignation of Dr. Kavitha Velusamy as Member of the Board of Directors On September 14, 2022, Dr. Kavitha Velusamy, a member of the Board of Directors of Oceaneering International, Inc., notified the Board that she was resigning as a member of the Board in order to pursue other opportunities. Her resignation is not the result of any disagreement with Oceaneering. Announcement • Sep 15
Oceaneering International, Inc. Announces Promotions to Senior Leadership Team Oceaneering International, Inc. announced the promotion of Christopher J. Dyer to Senior Vice President, Offshore Projects Group (OPG), and Leonardo P. Granato to Senior Vice President, Integrity Management and Digital Solutions (IMDS). These senior leadership appointments will be effective October 1, 2022. Chris Dyer joined Oceaneering in 2004 and most recently has been serving as Regional Vice President, OPG since February 2022. Previously, Mr. Dyer served as Regional Director, OPG from 2020 and Director of Intervention Services, OPG from 2019. Prior to these roles, he held a variety of positions, including contract specialist in company's legal department and engineer in company's Space Systems business. Prior to joining Oceaneering, Mr. Dyer worked for Tyco Thermal Controls as a project engineer. He replaces Benjamin M. Laura, who has been appointed Senior Vice President and Chief Innovation Officer. Leo Granato joined Oceaneering in 2016 and most recently has been serving as Brazil Country Manager since December 2019 and also as Business Development – Managing Director Brazil since July 2018. His previous roles at Oceaneering include Director of Service Excellence in company's Service and Rental business unit from January 2016. Prior to joining Oceaneering, Mr. Granato was with Baker Hughes, where his most recent position was Health Safety and Environment Director, Latin America. Mr. Granato replaces Kishore Sundararajan, who left Oceaneering to pursue other interests. Announcement • Aug 25
Oceaneering International, Inc. Announces the Promotion of Benjamin M. Laura to Senior Vice President and Chief Innovation Officer Oceaneering International, Inc. announced that Benjamin M. Laura, who currently serves as Oceaneering’s Senior Vice President, Offshore Projects Group, has been promoted to Senior Vice President and Chief Innovation Officer, effective October 1, 2022. Mr. Laura joined Oceaneering in 2014 as Director of Subsea Services, was appointed as Vice President of Service, Technology & Rentals in 2015, appointed as Senior Vice President, Service & Rental in March 2020 and appointed as Senior Vice President, Offshore Projects Group in May 2020. Prior to joining Oceaneering, Mr. Laura was with Baker Hughes where his most recent position was Vice-President and Managing Director for Baker Hughes do Brasil. In the newly configured CIO role, Mr. Laura will be assuming certain responsibilities currently held by Eric A. Silva, Senior Vice President and Chief Transformation Officer, who has announced his intention to retire. Mr. Laura’s new responsibilities will include the leadership of Information Technology, Global Engineering, New Product Development, Supply Chain Management, Quality and Operational Excellence. Mr. Silva, who joined Oceaneering in 2014, has agreed to continue to serve Oceaneering in a supporting role as Senior Vice President, Strategic Planning during a transition period. Reported Earnings • Jul 29
Second quarter 2022 earnings released: EPS: US$0.037 (vs US$0.063 in 2Q 2021) Second quarter 2022 results: EPS: US$0.037 (down from US$0.063 in 2Q 2021). Revenue: US$524.0m (up 5.2% from 2Q 2021). Net income: US$3.72m (down 40% from 2Q 2021). Profit margin: 0.7% (down from 1.3% in 2Q 2021). The decrease in margin was driven by higher expenses. Over the next year, revenue is forecast to grow 12%, compared to a 20% growth forecast for the industry in Germany. Over the last 3 years on average, earnings per share has increased by 47% per year but the company’s share price has fallen by 11% per year, which means it is significantly lagging earnings. Announcement • Jun 30
Oceaneering International, Inc. to Report Q2, 2022 Results on Jul 27, 2022 Oceaneering International, Inc. announced that they will report Q2, 2022 results at 4:00 PM, US Eastern Standard Time on Jul 27, 2022 Recent Insider Transactions • Jun 24
Independent Director recently bought €207k worth of stock On the 23rd of June, Steven Webster bought around 25k shares on-market at roughly €8.29 per share. This was the largest purchase by an insider in the last 3 months. Insiders have collectively bought €35k more in shares than they have sold in the last 12 months. Reported Earnings • Apr 28
First quarter 2022 earnings released: US$0.19 loss per share (vs US$0.094 loss in 1Q 2021) First quarter 2022 results: US$0.19 loss per share (down from US$0.094 loss in 1Q 2021). Revenue: US$446.2m (up 2.0% from 1Q 2021). Net loss: US$19.2m (loss widened 105% from 1Q 2021). Over the next year, revenue is forecast to grow 11%, compared to a 25% growth forecast for the industry in Germany. Over the last 3 years on average, earnings per share has increased by 29% per year but the company’s share price has fallen by 12% per year, which means it is significantly lagging earnings. Announcement • Apr 16
Oceaneering International, Inc., Annual General Meeting, May 27, 2022 Oceaneering International, Inc., Annual General Meeting, May 27, 2022, at 08:30 Central Daylight. Agenda: To elect three Class III directors as members of the Board of Directors of Oceaneering to serve until the 2025 Annual Meeting of Shareholders or until a successor has been duly elected and qualified; to cast an advisory vote on a resolution to approve the compensation of Oceaneering's named executive officers; to ratify the appointment of Ernst & Young LLP as independent auditors of Oceaneering for the year ending December 31, 2022; and to transact such other business as may properly come before the Annual Meeting of Shareholders or any adjournment or postponement thereof. Announcement • Mar 31
Oceaneering International, Inc. to Report Q1, 2022 Results on Apr 27, 2022 Oceaneering International, Inc. announced that they will report Q1, 2022 results After-Market on Apr 27, 2022 Reported Earnings • Feb 26
Full year 2021 earnings: Revenues and EPS in line with analyst expectations Full year 2021 results: US$0.49 loss per share (up from US$5.01 loss in FY 2020). Revenue: US$1.87b (up 2.3% from FY 2020). Net loss: US$49.3m (loss narrowed 90% from FY 2020). Revenue was in line with analyst estimates. Over the next year, revenue is forecast to grow 9.2%, compared to a 21% growth forecast for the industry in Germany. Over the last 3 years on average, earnings per share has increased by 13% per year but the company’s share price has fallen by 3% per year, which means it is significantly lagging earnings. Buying Opportunity • Feb 09
Now 22% undervalued Over the last 90 days, the stock is up 3.5%. The fair value is estimated to be US$15.35, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has declined by 3.0% per annum over the last 3 years. The company became loss making over the last 3 years. Recent Insider Transactions • Dec 09
Director recently sold €137k worth of stock On the 8th of December, M. McEvoy sold around 12k shares on-market at roughly €11.03 per share. This was the largest sale by an insider in the last 3 months. Insiders have been net sellers, collectively disposing of €1.9m more than they bought in the last 12 months. Breakeven Date Change • Nov 09
Forecast to breakeven in 2022 The 7 analysts covering Oceaneering International expect the company to break even for the first time. New consensus forecast suggests the company will make a profit of US$26.0m in 2022. Average annual earnings growth of 185% is required to achieve expected profit on schedule. Reported Earnings • Oct 29
Third quarter 2021 earnings released: US$0.074 loss per share (vs US$0.80 loss in 3Q 2020) The company reported a solid third quarter result with reduced losses, improved revenues and improved control over expenses. Third quarter 2021 results: Revenue: US$466.8m (up 6.2% from 3Q 2020). Net loss: US$7.37m (loss narrowed 91% from 3Q 2020). Over the last 3 years on average, earnings per share has fallen by 15% per year but the company’s share price has only fallen by 9% per year, which means it has not declined as severely as earnings. Reported Earnings • Jul 30
Second quarter 2021 earnings released: EPS US$0.062 (vs US$0.25 loss in 2Q 2020) The company reported a strong second quarter result with improved earnings, revenues and profit margins. Second quarter 2021 results: Revenue: US$498.2m (up 17% from 2Q 2020). Net income: US$6.24m (up US$31.0m from 2Q 2020). Profit margin: 1.3% (up from net loss in 2Q 2020). Over the last 3 years on average, earnings per share has fallen by 44% per year but the company’s share price has only fallen by 21% per year, which means it has not declined as severely as earnings. Executive Departure • Jul 01
Chief Operating Officer Charles Davison has left the company On the 30th of June, Charles Davison's tenure as Chief Operating Officer ended after 2.1 years in the role. As of March 2021, Charles still personally held 15.26k shares (€142k worth at the time). Charles is the only executive to leave the company over the last 12 months. The current median tenure of the management team is 4.08 years. Recent Insider Transactions • May 14
Director recently sold €375k worth of stock On the 12th of May, M. McEvoy sold around 30k shares on-market at roughly €12.50 per share. In the last 3 months, they made an even bigger sale worth €832k. Insiders have been net sellers, collectively disposing of €2.0m more than they bought in the last 12 months. Reported Earnings • May 01
First quarter 2021 earnings released: US$0.094 loss per share (vs US$3.71 loss in 1Q 2020) The company reported a decent first quarter result with reduced losses and improved control over expenses, although revenues were weaker. First quarter 2021 results: Revenue: US$437.6m (down 19% from 1Q 2020). Net loss: US$9.37m (loss narrowed 98% from 1Q 2020). Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 51 percentage points per year, which is a significant difference in performance. Recent Insider Transactions • Mar 16
Director recently sold €528k worth of stock On the 15th of March, M. McEvoy sold around 44k shares on-market at roughly €11.92 per share. This was the largest sale by an insider in the last 3 months. Insiders have been net sellers, collectively disposing of €781k more than they bought in the last 12 months. Announcement • Mar 12
Oceaneering International Inc. Announces Executive Changes Oceaneering International Inc. announced that the chairman of the company is stepping down to retire, and another board member has been named to replace him. John R. Huff will step down as chairman of the board immediately following Oceaneering's 2021 annual meeting of shareholders, which is scheduled for May 7. T. Jay Collins will take over as chairman, while Huff will serve as chairman emeritus for a transitional period. It's not the first time Collins has succeeded Huff at Oceaneering. Collins took over the CEO role from Huff in 2006 and served in the top executive spot until 2011. Collins also served as Oceaneering's president from 1998 to 2011 and its COO from 1998 to 2006. He started his oil field career in 1969 with Shell Oil Co. and later held several executive-level positions in operations, finance and administration with Sonat Inc. and Teleco Oilfield Services Inc. Huff served as Oceaneering's CEO from 1986 to 2006 and has been chairman of Oceaneering's board since 1990. He has also served as a director of other publicly traded companies, including Suncor Energy Inc. from 1998 to 2018 and the general partner of Hi-Crush Partners LP from 2012 to 2018. Huff has been a director of Oceaneering since 1986. Announcement • Mar 03
Oceaneering International, Inc., Annual General Meeting, May 07, 2021 Oceaneering International, Inc., Annual General Meeting, May 07, 2021. Is New 90 Day High Low • Mar 02
New 90-day high: €10.50 The company is up 91% from its price of €5.50 on 02 December 2020. The German market is up 8.0% over the last 90 days, indicating the company outperformed over that time. It also outperformed the Energy Services industry, which is up 16% over the same period. According to the Simply Wall St valuation model, the estimated intrinsic value of the company is €7.88 per share. Reported Earnings • Feb 26
Full year 2020 earnings released: US$5.01 loss per share (vs US$3.52 loss in FY 2019) The company reported a poor full year result with increased losses, weaker revenues and weaker control over costs. Full year 2020 results: Revenue: US$1.83b (down 11% from FY 2019). Net loss: US$496.8m (loss widened 43% from FY 2019). Over the last 3 years on average, earnings per share has fallen by 96% per year but the company’s share price has only fallen by 13% per year, which means it has not declined as severely as earnings. 
