Oceaneering (OII) Misses Q1 EPS by 2c
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Oceaneering Reports First Quarter 2022 Results
April 27, 2022 5:01 PM EDTHOUSTON--(BUSINESS WIRE)-- Oceaneering International, Inc. ("Oceaneering") (NYSE: OII) today reported a net loss of $19.2 million, or $(0.19) per share, on revenue of $446 million for the three months ended March 31, 2022. Adjusted net loss was $6.4 million, or $(0.06) per share, reflecting the impact of $0.4 million of pre-tax adjustments associated with foreign exchange gains recognized during the quarter and $13.1 million of discrete tax adjustments, primarily due to changes in valuation allowances.
During the prior quarter ended December 31, 2021, Oceaneering reported net loss of $38.8 million, or $(0.39) per share, on revenue of $467 million. Adjusted net income was $5.0 million, or $0.05... More
