Oceaneering Q1 net income $50.4M (+233% YoY), revenue $675M (+13%), EBITDA $96.7M

OCEANEERING INTERNATIONAL INC

2025-Q1 EPS reported $0.49 revenue$674,523,000

Revenue $675M (+13% YoY), op income $73.5M (+100%), net income $50.4M (+233%).
Adjusted EBITDA $96.7M (+57%), exceeding guidance and consensus; excludes $10.4M inventory reserve.
SSR operating income $59.6M (+35%), ROV utilization 67%; OPG operating income $35.7M.
ADTech won largest initial contract in company history; readiness costs reduced segment margins.
Full-year 2025 EBITDA guidance reaffirmed $380M-$430M; Q2 2025 EBITDA guided $95M-$105M.

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