Oceaneering (OII) shifts to subsea defense/automation with 250 ROVs and ~50% robotics share; trades ~7.5x EV/EBITDA.
This was fueled by a record land and expand quarter with the addition of 700 new subscription customers. Subscription ARR increased 28% to $941 million, SaaS ARR increased 40% to $364 million, and we ...
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