Oceaneering Reports First Quarter 2021 Results

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Go back to Oceaneering Reports First Quarter 2021 Results

Oceaneering (OII) Tops Q1 EPS by 9c

April 28, 2021 5:10 PM EDT

Oceaneering (NYSE: OII) reported Q1 EPS of $0.03, $0.09 better than the analyst estimate of ($0.06). Revenue for the quarter came in at $438 million versus the consensus estimate of $428.93 million.

Roderick A. Larson, President and Chief Executive Officer of Oceaneering, stated, "We have continued to improve our operating performance by driving operational efficiency, led by focusing on safety, quality and value-based solutions for our customers. I am pleased with the rate of progress made during the first quarter of 2021. Each of our operating segments generated positive adjusted operating income and adjusted EBITDA, and our consolidated adjusted... More