Credit: Oceaneering
Oceaneering s Subsea Robotics (SSR) and Offshore Projects Group (OPG) have been awarded an integrated rig services contract covering the Murphy Oil-operated Khaleesi/Mormont and Samurai fields in the U.S. Gulf of Mexico.
The work scope includes the provision of remotely operated vehicles (ROVs) with collocated ROV tooling and technicians, remote positioning and metrology survey resources, and installation and workover control system (IWOCS) equipment and technicians. Work is scheduled to begin in early 2021 and carry into 2022.
Earl Childress, Senior Vice President and Chief Commercial Officer, said, “The operator’s decision to contract our robotics and IWOCS services is a positive and anticipated response to our realigned segments, which allows us to deliver the integrated processes and products that enable consistent and efficient work scopes.”
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DALLAS, Feb. 26, 2021 (GLOBE NEWSWIRE)
Builders FirstSource, Inc. (Nasdaq: BLDR) today reported its results for the fourth quarter and full year ending December 31, 2020.
Fourth Quarter 2020 Highlights:
- Core organic sales increased 15.0%, excluding acquisitions and commodity impacts
- Commodity inflation increased net sales 26.5%
- Acquisitions contributed to net sales growth of 2.0%
Gross profit of $669.2 million increased 40.4% compared to the prior year period
Net income of $139.9 million, or $1.18 per diluted share, and adjusted net income of $149.0 million, or $1.26 per diluted share
Adjusted EBITDA more than doubled to $257.1 million, driven by solid demand across all three customer end markets and commodity inflation
Strong quarter-end balance sheet with a net debt to LTM Adjusted EBITDA ratio of 1.7x and liquidity of $1.2 billion
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
Oil States Announces Fourth Quarter 2020 Results of Operations globenewswire.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from globenewswire.com Daily Mail and Mail on Sunday newspapers.