Oceaneering International <a href="https://laohu8.com/S/QTWO">Q2</a> 2025 Results: Revenue Up 4%, Net Income Soars 56%, Adjusted EBITDA Rises 20%
Oceaneering International Inc. $(OII)$ has announced its financial results for the second quarter of 2025. The company reported a 4% increase in revenue, reaching $698 million compared to the same period in 2024. Operating income saw a significant rise of 31%, totaling $79.2 million. Net income experienced a substantial increase of 56%, reaching $54.4 million. Additionally, adjusted EBITDA increased by 20% to $103 million. Cash flow from operating activities amounted to $77.2 million, while free cash flow was reported at $46.9 million. The company ended the quarter with a cash position of $434 million. Oceaneering also repurchased 471,759 shares for approximately $10 million during the quarter. The company's President and CEO, Rod Larson, highlighted the commencement of recent contract awards in Aerospace and Defense Technologies, favorable service mix, and strong execution in the Offshore Projects Group as key contributors to the positive quarterly results. All operating segments reported year-over-year improvements in revenue, operating income, and operating income margin. Oceaneering has scheduled a conference call on July 24, 2025, to discuss its results and provide guidance for the third quarter and full year of 2025.
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