Last $4.02 USD
Change Today -0.05 / -1.23%
Volume 587.6K
IO On Other Exchanges
Symbol
Exchange
New York
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As of 8:04 PM 07/24/14 All times are local (Market data is delayed by at least 15 minutes).

ion geophysical corp (IO) Snapshot

Open
$4.04
Previous Close
$4.07
Day High
$4.10
Day Low
$4.00
52 Week High
08/6/13 - $6.58
52 Week Low
12/12/13 - $2.81
Market Cap
659.5M
Average Volume 10 Days
765.6K
EPS TTM
$0.28
Shares Outstanding
164.1M
EX-Date
--
P/E TM
14.6x
Dividend
--
Dividend Yield
--
Current Stock Chart for ION GEOPHYSICAL CORP (IO)

ion geophysical corp (IO) Related Businessweek News

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ion geophysical corp (IO) Details

ION Geophysical Corporation provides geophysical technology, services, and solutions to the oil and gas industry worldwide. The company offers seismic data processing services for marine and land environments, reservoir solutions, onboard processing and quality control, seismic data libraries, and services for managing the seismic process, including survey planning and design, data acquisition and management, and subsurface imaging and reservoir characterization. It also provides processing and imaging services to evaluate and develop reservoirs; and command and control software systems and related services for navigation and data management functions comprising towed marine streamer and seabed operations. In addition, the company offers concept software systems, such as marine imaging; seabed imaging; survey design, planning, and optimization; and ice management systems. Further, it manufactures re-deployable ocean-bottom cable seismic data acquisition systems and shipboard recorders; towed streamer acquisition, positioning, and control systems; and analog geophone sensors. It has a strategic agreement with Polarcus Limited to plan and execute 3-D multi-client surveys. The company was formerly known as Input/Output, Inc., and changed its name to ION Geophysical Corporation in 2007. ION Geophysical Corporation was founded in 1968 and is headquartered in Houston, Texas.

1,072 Employees
Last Reported Date: 02/24/14
Founded in 1968

ion geophysical corp (IO) Top Compensated Officers

Chief Executive Officer, President and Direct...
Total Annual Compensation: $490.0K
Chief Financial Officer and Senior Vice Presi...
Total Annual Compensation: $312.0K
Executive Vice President and Chief Operating ...
Total Annual Compensation: $358.0K
Executive Vice President and Chief Operating ...
Total Annual Compensation: $350.0K
Senior Vice President of Ocean Bottom Service...
Total Annual Compensation: $312.0K
Compensation as of Fiscal Year 2013.

ion geophysical corp (IO) Key Developments

Ion Geophysical Corporation Appoints Grant Thornton LLP as Independent Registered Public Accounting Firm

Ion Geophysical Corporation held its annual meeting of stockholders on May 21, 2014, at the meeting the shareholders ratified the appointment of Grant Thornton LLC as the company’s independent registered public accounting firm for the fiscal year ending December 31, 2014.

ION Geophysical Corporation Announces Unaudited Consolidated Earnings Results for the First Quarter Ended March 31, 2014; Provides Earnings Guidance for the Year 2014

ION Geophysical Corporation announced unaudited consolidated earnings results for the first quarter ended March 31, 2014. For the quarter, the company reported total net revenues of $144,698,000 against $129,737,000 a year ago. Income from operations was $19,671,000 against $1,923,000 a year ago. Income before income taxes was $81,712,000 against $3,000,000 a year ago. Net income attributable to the company was $75,979,000 or $0.46 basic and diluted share against $1,875,000 or $0.01 basic and diluted share a year ago. Net income applicable to common shares was $75,979,000 against $1,537,000 a year ago. Net cash provided by operating activities was $62,682,000 against $49,591,000 a year ago. Purchase of property, plant, equipment and seismic rental assets was $1,997,000 against $3,774,000 a year ago. Adjusted EBITDA was $42,870,000 against $25,742,000 a year ago. Net debt decreased $28 million to $44 million during the quarter down from $72 million at December 31. This decline in its net debt was due to significant collections during the quarter, along with spending discipline on new venture programs that were not adequately funded by customers. For the year 2014, the company continues to remain cautious in their expectations for 2014, with much of focus on securing more work for OceanGeo. As the year progresses, the company expects effective tax rate to normalize in the 22% - 25% range. The company remains focused on managing the business with an eye to driving shareholder value and increased cash generation during 2014.

ION Geophysical Corporation to Report Q1, 2014 Results on Apr 30, 2014

ION Geophysical Corporation announced that they will report Q1, 2014 results at 5:00 PM, Eastern Standard Time on Apr 30, 2014

 

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Industry Analysis

IO

Industry Average

Valuation IO Industry Range
Price/Earnings NM Not Meaningful
Price/Sales 1.2x
Price/Book 2.0x
Price/Cash Flow NM Not Meaningful
TEV/Sales 0.4x
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