Oceaneering to Participate at the Barclays CEO Energy-Power Conference
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Oceaneering to Participate at the Barclays CEO Energy-Power Conference
prnewswire.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from prnewswire.com Daily Mail and Mail on Sunday newspapers.
Oceaneering Announces Collins to Succeed Huff as Chairman of the Board of Directors
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HOUSTON, March 2, 2021 /PRNewswire/ Oceaneering International, Inc. (NYSE:OII) announced that John R. Huff will retire as a member and Chairman of the Board of Directors immediately following the 2021 Annual Meeting of Shareholders, and T. Jay Collins will succeed Mr. Huff as Chairman. Mr. Collins has been a director of Oceaneering since 2002. Mr. Huff will continue to support the Board of Directors as Chairman Emeritus for a transitional period.
Mr. Collins served as Chief Executive Officer ( CEO ) of Oceaneering from May 2006 to May 2011, and as President of Oceaneering from 1998 to May 2011. Mr. Collins previously served as Chief Operating Officer of Oceaneering from 1998 until 2006 and as Executive Vice President of Oilfield Marine Services from 1995 to 1998. He joined Oceaneering in October 1993, initially serving as Senior V
Oceaneering Reports Fourth Quarter and Full Year 2020 Results
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HOUSTON, Feb. 24, 2021 /PRNewswire/ Oceaneering International, Inc. ( Oceaneering ) (NYSE:OII) today reported a net loss of $25.0 million, or $(0.25) per share, on revenue of $424 million for the three months ended December 31, 2020. Adjusted net income was $1.8 million, or $0.02 per share, reflecting the impact of $9.8 million of pre-tax adjustments associated with asset impairments and write-offs, restructuring and other expenses, and foreign exchange losses recognized during the quarter, and $9.6 million of discrete tax adjustments.
During the prior quarter ended September 30, 2020, Oceaneering reported a net loss of $79.4 million, or $(0.80) per share, on revenue of $440 million. Adjusted net loss was $17.6 million, or $(0.18) per share, reflecting the impact of $68.7 million of pre-tax adjustments associated with goodwill impairment, write-offs of