Oceaneering International, Inc. announced that its Board of Directors declared a regular quarterly dividend of $0.22 per common share, an increase from its prior quarterly dividend of $0.18 per share. The dividend is payable on June 20, 2013 to shareholders of record at the close of business on May 31, 2013. Oceaneering International, Inc. announced consolidated financial results for the first quarter ended March 31, 2013. For the quarter, the company reported revenue of $718.552 million against $594.893 million a year ago. Income from operations was $108.290 million against $75.987 million a year ago. Income before income taxes was $109.268 million against $75.117 million a year ago. Net income was $74.849 million or $0.69 per diluted share against $51.455 million or $0.47 per diluted share a year ago. Capital expenditures, including acquisitions was $94.177 million against $92.677 million a year ago. EBITDA was $159.693 million against $115.906 million a year ago. The company raised and now expects net income in a range of $335.000 million to $360 million, depreciation and amortization in a range of $200 million to 210 million and EBITDA in a range of $690 million to $735 million for the year of 2013. The outlook for the rest of this year remains very positive. The company continues to anticipate global demand growth for services and products to support deepwater drilling, field development, and inspection, maintenance, and repair activities. The company expects all of operating business segments will achieve higher income in 2013 compared to 2012, notably: ROV on greater service demand to support drilling and vessel-based projects; Subsea Products on higher demand for all of major product lines, led by subsea hardware; and Subsea Projects on a full year of work offshore Angola. The new guidance range is $3.10 to $3.30, up from $3.00 to $3.25 previously. CapEx estimate for 2013, excluding acquisitions, is $300 million to $325 million. Of this amount, approximately $175 million is anticipated to be spent on vehicle upgrades and adding systems to ROV fleet, about $100 million is for enhancing Subsea Products' capabilities. For the second quarter of 2013, the company expects improvements in demand and operating results for all of oilfield business segments. The company is forecasting EPS of $0.81 to $0.86.

Oceaneering International, Inc. (NYSE:OII) first quarter results for the period ended March 31, 2013 with eevenue of $718.6 million and net income of $74.8 million. The company intends to pursue organic growth and acquisition opportunities to expand its asset base and earnings capability.

Oceaneering International, Inc. announced that they will report Q1, 2013 results at 5:00 PM, US Eastern Standard Time on Apr 23, 2013