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Oceaneering Reports Third Quarter 2025 Results

Oceaneering International, Inc. (OII) 
Last oceaneering international, inc. earnings: 2/24 05:01 pm Check Earnings Report
Company Research Source: Business Wire
HOUSTON--(BUSINESS WIRE)--Oceaneering International, Inc. ("Oceaneering") (NYSE:OII) today reported third quarter 2025 results.As compared to the third quarter of 2024:Revenue increased 9% to $743 million;Operating income increased 21% to $86.5 million;Net income increased 73% to $71.3 million; andAdjusted EBITDA increased 13% to $111 million.Cash flow provided by operating activities was $101 million and free cash flow was $77.0 million, with an ending cash position of $506 million.Shares repurchased were 440,814 for approximately $10.1 million.Rod Larson, Oceaneering's President and Chief Executive Officer, stated, "Our team continues to deliver positive results in a dynamic market environment. In the third quarter, we generated adjusted EBITDA in excess of our guidance range and consensus estimates through solid performance across our segments. This includes the ongoing conversion of higher-margin backlog in Manufactured Products, a continued favorable project mix and steady ve Show less Read more
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