Oceaneering (OII) Tops Q4 EPS by 2c

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Oceaneering Reports Fourth Quarter and Full Year 2017 Results

February 22, 2018 5:01 PM EST

HOUSTON, Feb. 22, 2018 /PRNewswire/ -- Oceaneering International, Inc. ("Oceaneering") (NYSE: OII) today reported net income of $173.6 million, or $1.76 per share, on revenue of $484 million for the three months ended December 31, 2017.  Adjusted net loss was $8.0 million, or $(0.08) per share, reflecting the impact of $181.6 million of adjustments, primarily a $189.1 million noncash tax benefit due to recent United States tax reform.  During the prior quarter ended September 30, 2017, Oceaneering reported a net loss of $1.8 million, or $(0.02) per share, on revenue of $476 million, and adjusted net income of $3.2 million, or $0.03 per share.

For the full year 2017,... More