Short answer
OCEANEERING INTERNATIONAL INC (OII) filed an 8-K current report with the SEC on April 22, 2026 reporting Item 2.02 (Results of Operations and Financial Condition), Item EX-99.1 (Exhibit EX-99.1). Q1 2026 earnings announcement for quarter ended March 31, 2026.
OCEANEERING INTERNATIONAL INC 8-K event analysis
AI summary of each reported item and its exhibits
Item 2.02 · Results of Operations and Financial Condition
- Q1 2026 earnings announcement for quarter ended March 31, 2026
- Press release issued April 22, 2026
- Detailed financial results and management commentary furnished in Exhibit 99.1
Item EX-99.1 · Exhibit EX-99.1
- Q1 revenue rose 3% to $692.4M, but operating income fell 21% to $57.8M and net income declined 28% to $36.1M
- Adjusted EBITDA decreased 13% to $83.7M, reflecting an ADTech contract-dispute accrual and weaker IMDS performance
- ADTech revenue increased 35% to $131.2M, while operating income fell 24% to $8.1M and margin declined to 6%
- SSR utilization dropped to 61% from 67%, pressuring operating income despite $214.3M revenue and over $300M in awards
- Full-year EBITDA guidance maintained at $390M-$440M, with free cash flow projected at $100M-$120M
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