Oceaneering Reports Q1 2026 Earnings with Revenue Growth and Declining Profits
Oceaneering (OII) reported Q1 2026 earnings with revenue of $692 million, up 3% year-over-year, driven by growth in Subsea Robotics and Aerospace and Defense Technologies. However, operating income fell 21% to $57.8 million, and net income declined 28% to $36 million. The company also saw a negative free cash flow of $76.5 million, though it improved from the previous year.
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