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Q1: 2026-04-22 Earnings Summary
EPS of $0.30 misses by $0.03
|
Revenue of
$692.43M
(2.65% Y/Y)
beats by $21.08M
Oceaneering International, Inc. (OII) Q1 2026 Earnings Call April 23, 2026 11:00 AM EDT
Company Participants
Hilary Frisbie - Senior Director of Investor Relations
Roderick Larson - President, CEO & Director
Michael Sumruld - Senior VP & Chief Financial Officer
Conference Call Participants
Edward Kim - Barclays Bank PLC, Research Division
Keith Beckmann - Pickering Energy Partners LP
Joshua Jayne - Daniel Energy Partners, LLC
Presentation
Operator
Hello. Welcome to Oceaneering's First Quarter 2026 Earnings Conference Call. My name is Sarah, and I will be your conference operator. [Operator Instructions] With that, I will now turn the call over to Hilary Frisbie, Oceaneering's Senior Director of Investor Relations. Please go ahead.
Hilary Frisbie
Senior Director of Investor Relations
Thanks, Sarah. Good morning, and welcome to Oceaneering's First Quarter 2026 Results Conference Call. Today's call is being webcast, and a replay will be available on our website. With me today are Rod Larson, President and Chief Executive Officer; and Mike Sumruld, Senior Vice President and Chief Financial Officer. Rod and Mike will provide our prepared remarks, and then we'll take your questions.
Before we begin, please note that statements made on this call about our future financial performance, business strategy, plans for future operations and industry conditions are forward-looking statements made pursuant to the safe harbor provisions of the Private Securities Litigation Reform Act of 1995.
Our remarks also include non-GAAP financial measures. Additional details and reconciliations to the most directly comparable GAAP financial measures are included in our first quarter press release, which is available on our website.
I'll now turn the call over to Rod.
Roderick Larson
President, CEO & Director
Good morning, and thanks for joining the call today. I'm pleased with our first quarter results, which reinforce our confidence in the year ahead. We generated consolidated revenue and adjusted EBITDA consistent with our
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