Overview

* Oceaneering Q2 2025 revenue up 4% to $698 mln, beating analyst expectations

* Net income rose 56% to $54.4 mln, driven by contract awards and improved margins

* Co repurchased 471,759 shares for $10 mln, reflecting strategic cash flow use

Outlook

* Oceaneering ( OII ) forecasts Q3 EBITDA between $100 mln and $110 mln

* Company expects full-year adjusted EBITDA of $390 mln to $420 mln

* Oceaneering ( OII ) sees mid-single digit growth in full-year revenue

* Company anticipates SSR revenue to grow in mid-single digit range

Result Drivers

* ADTECH CONTRACTS - Recent contract awards in Aerospace and Defense Technologies contributed to revenue and income growth, per CEO Rod Larson

* SERVICE MIX - Favorable service mix and strong execution in Offshore Projects Group boosted operating income by 64%

* HIGHER MARGIN BACKLOG - Conversion of higher margin backlog in Manufactured Products led to a 31% increase in operating income

Key Details

Metric Beat/Mis Actual Consensu

s s

Estimate

Q2 Beat $698 mln $684.10

Revenue mln (3

Analysts

)

Q2 Net $54.40

Income mln

Analyst Coverage

* The current average analyst rating on the shares is "hold" and the breakdown of recommendations is no "strong buy" or "buy", 4 "hold" and no "sell" or "strong sell"

* The average consensus recommendation for the oil related services and equipment peer group is "buy."

* Wall Street's median 12-month price target for Oceaneering International Inc ( OII ) is $20.50, about 9.4% below its July 23 closing price of $22.43

* The stock recently traded at 12 times the next 12-month earnings vs. a P/E of 14 three months ago

Press Release:

(This story was created using Reuters automation and AI based on LSEG and company data. It was checked and edited by a Reuters journalist prior to publication.)