Oceaneering’s Manufactured Products Segment Secures Large Umbilical Contract
Oceaneering International, Inc. (OII)
Last oceaneering international, inc. earnings: 2/24 05:01 pm
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Source: Business Wire
HOUSTON--(BUSINESS WIRE)--Oceaneering International, Inc. (“Oceaneering”) (NYSE:OII) announced that its Manufactured Products segment has secured a large contract with a domestic independent energy company. The anticipated revenue from this contract is approximately $50 million.Oceaneering is contracted to supply an electro-hydraulic, steel tube dynamic umbilical totaling approximately 27 kilometers (17 miles) in length for a project in the Gulf of Mexico. Manufacturing is scheduled for the Panama City, Florida facility, to commence in 2025 with final delivery expected in the second quarter of 2026.Shaun R. Roedel, Senior Vice President of Manufactured Products, stated, “This contract award reflects the confidence that our customers have in Oceaneering’s ability to deliver manufactured products in a safe and timely manner. We value the trust our customers place in our abilities and we look forward to supporting this exciting project.”Statements in this press release that express a
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- Oceaneering Announces Dates for Second Quarter 2024 Earnings Release and Conference CallBusiness Wire
- Oceaneering (OII) Secures $50 Million Umbilical Contract [Yahoo! Finance]Yahoo! Finance
OII
Earnings
- 4/24/24 - Miss
OII
Sec Filings
- 6/25/24 - Form 11-K
- 6/24/24 - Form 4
- 6/24/24 - Form 4
- OII's page on the SEC website