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Oceaneering Reports Fourth Quarter and Full Year 2020 Results
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HOUSTON, Feb. 24, 2021 /PRNewswire/ Oceaneering International, Inc. ( Oceaneering ) (NYSE:OII) today reported a net loss of $25.0 million, or $(0.25) per share, on revenue of $424 million for the three months ended December 31, 2020. Adjusted net income was $1.8 million, or $0.02 per share, reflecting the impact of $9.8 million of pre-tax adjustments associated with asset impairments and write-offs, restructuring and other expenses, and foreign exchange losses recognized during the quarter, and $9.6 million of discrete tax adjustments.
During the prior quarter ended September 30, 2020, Oceaneering reported a net loss of $79.4 million, or $(0.80) per share, on revenue of $440 million. Adjusted net loss was $17.6 million, or $(0.18) per share, reflecting the impact of $68.7 million of pre-tax adjustments associated with goodwill impairment, write-offs of
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Although the board approved MainStreet to spend up to $750 on the project, Executive Director Shannon Mullen said only $250 had to be spent.
With a quarterly newsletter only costing $1,000 annually, Coday said he believed more should be sent out prior to meeting with the city council in November.
âSome of them could be an invitation to a public meeting, or we could tell them what weâre thinking and get some input,â he said.
Although the newsletter contained information on the tax levy and valuations, Member Kevin Main said he would have liked to have seen more information on BIDâs purpose and work.
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