Michael W. Sumruld
Mr. Michael W. Sumruld will join the Company as Senior Vice President of Finance on September 1, 2025, and is expected to succeed Mr. Curtis as Chief Financial Officer upon Mr. Curtis’s retirement from such position.
Highest-materiality recent filing
Oceaneering Q1 net income down 28% to $36.1M; adj. EBITDA within guidance
Revenue $692M (+3% YoY); operating income $57.8M (-21%); net income $36.1M (-28%).
Q4 revenue $669M (-6% YoY), operating income $65.4M (-16%), adjusted EBITDA $90.5M (-11%).
Oceaneering Q3 2025: Revenue +9% to $743M, Net Income +73% to $71.3M
Revenue rose 9% to $743M; operating income up 21% to $86.5M; net income up 73% to $71.3M.
Oceaneering posts Q2 2025 revenue of $642M, net income $38M, adj. EBITDA $103M
Q2 2025 revenue $642M, up 4% YoY; net income $38M ($0.38 diluted EPS).
Revenue $698M (+4% YoY), operating income $79.2M (+31%), net income $54.4M (+56%), adjusted EBITDA $103M (+20%).
Oceaneering announces CFO succession; Alan Curtis to retire Jan 1, 2026, Michael Sumruld to succeed
Alan R. Curtis to retire as CFO effective Jan 1, 2026; served as CFO since 2015.
Mr. Michael W. Sumruld will join the Company as Senior Vice President of Finance on September 1, 2025, and is expected to succeed Mr. Curtis as Chief Financial Officer upon Mr. Curtis’s retirement from such position.
Max materiality 0.90 · Median 0.45 · Most common event other