Oceaneering is a global oilfield provider of engineered services and products primarily to the offshore oil and gas industry, with a focus on deepwater applications. Through the use of its applied technology expertise, the Company also serves the defense, entertainment, and aerospace industries. Its business offerings include remotely operated vehicles, built-to-order specialty subsea hardware, deepwater intervention and manned diving services, non-destructive testing and inspection, and engineering and project management.
Oceaneering's mission is to increase the net wealth of its shareholders by providing safe, cost-effective, and quality technical solutions satisfying customer needs worldwide.
Type
Public
HQ
Houston, US
Founded
1964
Size (employees)
9,300 (est)
Oceaneering International was founded in 1964 and is headquartered in Houston, US
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Key People/Management at Oceaneering International

Clyde Hewlett

Clyde Hewlett

Chief Operating Officer
Kevin McEvoy

Kevin McEvoy

Director
Cardon Gerner

Cardon Gerner

Senior Vice President and Chief Accounting Officer

Oceaneering International Office Locations

Oceaneering International has offices in Bergen, Riverton, Singapore, Jandakot and in 7 other locations
Houston, US (HQ)
11911 FM 529
Hanover, US
7001 Dorsey Rd
Morgan City, US
5004 Railroad Ave
Jandakot, AU
634 Karel Ave
Rio de Janeiro, BR
123 Av. Rio Branco
Sandnes, NO
24 Vestre Svanholmen
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Oceaneering International Financials and Metrics

Oceaneering International Financials

Oceaneering International's revenue was reported to be $1.92 b in FY, 2017 which is a 15.4% decrease from the previous period.
USD

Revenue (FY, 2017)

1.9 b

Revenue growth (FY, 2016 - FY, 2017), %

(15.4%)

Gross profit (FY, 2017)

194.6 m

Gross profit margin (FY, 2017), %

10.1%

Net income (FY, 2017)

166.4 m

EBIT (FY, 2017)

10.7 m

Market capitalization (15-May-2018)

2.3 b

Closing share price (15-May-2018)

23.8

Cash (31-Dec-2017)

430.3 m

EV

2.7 b
Oceaneering International's current market capitalization is $2.3 b.
Annual
USDFY, 2013FY, 2014FY, 2015FY, 2016FY, 2017

Revenue

3.3 b3.7 b3.1 b2.3 b1.9 b

Revenue growth, %

11%(16%)(26%)(15%)

Cost of goods sold

2.5 b2.8 b2.5 b2 b1.7 b

Gross profit

765.5 m859.2 m605.4 m279.2 m194.6 m
Quarterly
Annual
USDFY, 2013FY, 2014FY, 2015FY, 2016FY, 2017

Cash

91.4 m430.7 m385.2 m450.2 m430.3 m

Accounts Receivable

768.8 m778.4 m612.8 m489.7 m476.9 m

Prepaid Expenses

64.9 m

Inventories

441.8 m375.6 m328.5 m280.1 m215.3 m
Quarterly
USDQ1, 2015Q2, 2015Q3, 2015Q1, 2016Q2, 2016Q3, 2016Q1, 2017Q2, 2017Q3, 2017

Cash

304.5 m190.6 m271.2 m370.9 m393.2 m441.6 m462.5 m482.3 m472.4 m

Accounts Receivable

774.9 m795.9 m702.2 m577.2 m547.1 m510.4 m429.8 m466.5 m464.5 m

Inventories

379.8 m377 m373.2 m352.1 m343 m297.2 m297.6 m266.6 m245.8 m

Current Assets

1.6 b1.5 b1.5 b1.4 b1.4 b1.4 b1.2 b1.3 b1.2 b
Annual
USDFY, 2013FY, 2014FY, 2015FY, 2016FY, 2017

Net Income

371.5 m428.3 m231 m24.6 m166.4 m

Depreciation and Amortization

202.2 m229.8 m241.2 m250.2 m213.5 m

Inventories

(110 m)66.3 m33.2 m17.8 m65.5 m

Cash From Operating Activities

531.4 m721.8 m560.4 m340.5 m136.5 m
Quarterly
USDQ1, 2015Q2, 2015Q3, 2015Q1, 2016Q2, 2016Q3, 2016Q1, 2017Q2, 2017Q3, 2017

Net Income

69.5 m135 m203.5 m25.1 m47.4 m35.6 m(7.5 m)(5.4 m)(7.2 m)

Depreciation and Amortization

58 m121.5 m183.5 m59.8 m119.8 m194 m53.7 m107 m160.5 m

Inventories

(4.2 m)1.4 m5.1 m(23.7 m)(14.6 m)768 k(17.5 m)13.5 m35 m

Cash From Operating Activities

8.1 m200.5 m373.1 m53.6 m145.7 m262.8 m59 m102.6 m144 m
USDY, 2017

EV/EBIT

253.8 x

EV/CFO

19.8 x

Revenue/Employee

206.6 k

Debt/Equity

0.5 x

Debt/Assets

0.3 x

Financial Leverage

1.8 x
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Oceaneering International Operating Metrics

Oceaneering International's Backlog was reported to be $1.4b in FY, 2017.
FY, 2014Q1, 2015Q2, 2015Q3, 2015FY, 2015Q1, 2016Q2, 2016Q3, 2016FY, 2016Q1, 2017Q2, 2017Q3, 2017FY, 2017

Backlog

$3.17 b$2.52 b$1.55 b$1.38 b

Backlog (Subsea Products)

$690 m$788 m$703 m$736 m$652 m$576 m$503 m$457 m$431 m$407 m$328 m$284 k$276 m

Remotely Operated Vehicle Fleet

336 336 336 337 315 318 318 279 280 282 279 279 279

Vessel Fleet

8 8 5 5
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Oceaneering International Acquisitions / Subsidiaries

Acquired CompanyDateDeal Size
Blue Ocean Technologies October 17, 2016$30 m
Meridian Ocean Services LLC July 25, 2016
C & C Technologies Inc. February 02, 2015$230 m
Spectrum Sales & Services LLC June 17, 2014
Airsis June 03, 2014
AGR Field Operations Holdings AS November 22, 2011
Norse Cutting & Abandonment Inc. March 07, 2011
Ifokus Engineering AS July 10, 2007$13 m
CET Medway Ltd. July 01, 2007
Grayloc Products L.L.C. June 30, 2005$41 m
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Oceaneering International News and Updates

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