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06.06.25 - 23:03
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Oceaneering Announces CFO Succession Plan (Business Wire)
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HOUSTON--(BUSINESS WIRE)--Oceaneering International, Inc. (NYSE: OII) (“Oceaneering”) today announced a Chief Financial Officer (“CFO”) succession plan.
Alan R. Curtis, Senior Vice President & 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.
Addressing Mr. Curtis's pending retirement, President and Chief Executive Officer Rod Larson said, “On behalf of all Oceaneers, I would like to extend our deep gratitude to Alan for his financial leadership and strategic insights over the past decade. Under his leadership, we have consistently delivered steady shareholder returns and significantly enhanced our portfolio, enabling us to 'solve the unsolvable' for our customers in the most challenging environments. His extensive knowledge of Oceaneering and commitment to operational excellence and talent developm...
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30.05.25 - 22:03
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EY US names Rod Larson of Oceaneering as a Finalist for Entrepreneur Of The Year® 2025 Gulf South Award (Business Wire)
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Entrepreneur Of The Year celebrates ambitious entrepreneurs who are shaping the futureHOUSTON--(BUSINESS WIRE)--Ernst & Young LLP (EY US) announced that Rod Larson, President and CEO of Oceaneering International, Inc. (“Oceaneering”) (NYSE:OII) has been named a finalist for the Entrepreneur Of The Year 2025 Gulf South Award. Now in its 40th year, the Entrepreneur Of The Year program celebrates the leaders of ground-breaking companies in industries that make a profound impact on communities. The Gulf South program celebrates entrepreneurs from Central and South Texas, Louisiana, and Mississippi.
Founded in 1964, Oceaneering is a global technology delivery company that adapts and applies proven technologies to solve complex problems in harsh and dynamic environments – underwater, on land, and in space. With expertise in robotics, automation, and software, Oceaneering engineers and delivers solutions that improve safety, reliability, utilization, and uptime for its customers. Through its five business ...
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15.05.25 - 22:36
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Falcon′s Beyond Acquires Oceaneering Entertainment Systems (OES), Strengthening Position as a Global Leader in Advanced Ride and Show Systems (Business Wire)
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Acquisition Accelerates Growth of Falcon's Attractions Division with Industry-Leading IP, Technology, Talent, Capabilities, and Facilities
ORLANDO, Fla.--(BUSINESS WIRE)--Falcon's Beyond Global, Inc. (Nasdaq: FBYD) (“Falcon's Beyond”, “Falcon's” or the “Company”), a visionary leader in innovative and immersive storytelling announced today that Falcon's has acquired Oceaneering Entertainment Systems (OES), a division of Oceaneering International Inc. (NYSE: OII) (“OII”).
In the transaction, Falcon's purchased OES's global portfolio of patented technologies, proprietary engineering and manufacturing processes. Falcon's also assumed the lease for a 106,000+ square-foot facility to bolster Falcon's research, development, testing, and integration services. In addition, Falcon's has hired key members of OES' highly experienced team. Falcon's also has an option to acquire certain OES inventory exercisable on or before July 23, 2025. The transaction follows a letter of intent previousl...
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23.04.25 - 23:06
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Oceaneering Reports First Quarter 2025 Results (Business Wire)
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HOUSTON--(BUSINESS WIRE)--Oceaneering International, Inc. ("Oceaneering") (NYSE:OII) today reported first quarter 2025 results.
Revenue of $675 million, a 13% increase year over year
Operating income of $73.5 million, a 100% increase year over year
Net income of $50.4 million, a 233% increase year over year
Adjusted EBITDA of $96.7 million, a 57% increase year over year, which has not been adjusted for a $10.4 million inventory reserve taken in our Manufactured Products segment
Cash flow used in operating activities of $(80.7) million and free cash flow of $(107) million, with an ending cash position of $382 million
Share repurchases of 479,154 for approximately $10.0 million
Rod Larson, President and Chief Executive Officer of Oceaneering, stated, "Oceaneering outperformed expectations this quarter due to resilient utilization of remotely operated vehicles (ROVs), and strong vessel activity predominately in the Gulf of Mexico and West Africa. We generated adjusted EBITDA of $96.7 million, ...
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