The Houston-based company posted full year revenues of $2.8 billion, up 26.9% year-on-year, with gross profit increasing by 23.4% to $627.8 million and net income also up by 22.6% to $289 million.
For the fourth quarter, revenues were up 6% on the third quarter and jumped a whopping 36% on December 2011.
Oceaneering chief executive Kevin McEvoy said the company’s record earnings were largely attributable to its global focus on deep-water and subsea completion activity.
“Each
