Wednesday, January 22, 2025
Oceaneering

Oceaneering Reports Fourth Quarter and Full Year 2019 Results

HOUSTON, Feb. 24, 2020 /PRNewswire/ — Oceaneering International, Inc. (“Oceaneering”) (NYSE:OII) today reported a net loss of $263 million, or $(2.66) per share, on revenue of $561 million for the three months ended December 31, 2019.  Adjusted net income was $2.5 million, or $0.03 per share, reflecting the impact of $255 million of pre-tax adjustments, primarily $240 million associated with asset impairments, write-downs and write-offs recognized during the quarter.

Superior Drilling Products- oilandgas360

Superior Drilling Products, Inc. Achieves 2019 Preliminary Revenue of $19 Million Driven by Growth in Middle East

Superior Drilling Products, Inc. (NYSE American: SDPI) (“SDP” or the “Company”), a designer and manufacturer of drilling tool technologies, today announced unaudited preliminary revenue for the year ended December 31, 2019, was $19.0 million, up 4% from the prior year. Fourth quarter 2019 preliminary revenue included approximately $600 thousand from the rental of the Company’s well bore conditioning tool, the