Oceaneering International: Fourth Quarter Earnings Overview

Oceaneering International Announces Fourth Quarter Financial Results

Oceaneering International Inc., headquartered in Houston, revealed a net profit of $177.7 million for the fourth quarter.

The company reported earnings of $1.76 per share for the quarter. When excluding one-time gains, adjusted earnings stood at 45 cents per share.

During this period, the oilfield services provider generated $668.6 million in revenue.

Looking at the full year, Oceaneering International posted a total profit of $353.8 million, translating to $3.49 per share, with annual revenue reaching $2.78 billion.