Earnings release
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Exhibit 99.1 Oceaneering Reports Third Quarter 2026 Results HOUSTON, October 21, 2026 – Oceaneering International, Inc. ("Oceaneering") (NYSE:OII) today reported third quarter 2026 results. Third Quarter 2026 Results • As compared to the third quarter of 2025: ◦ Revenue increased 6% to $785 million. ◦ Operating income increased 7% to $92.2 million. ◦ Net income attributable to Oceaneering decreased 26% to $52.6 million. ◦ Adjusted EBITDA increased 7% to $119 million. • Cash Generation ◦ Cash flow provided by operating activities was $163 million. ◦ Free cash flow was $142 million. • Balance Sheet and Capital Allocation ◦ Quarter-end cash and cash equivalents totaled $735 million, compared to $506 million at the end of the same period last year. ◦ Shares repurchased were 101,038 for approximately $5.0 million. Rod Larson, Oceaneering's President and Chief Executive Officer, commented, “Our third-quarter results were in line with our guidance and consensus estimates. Subsea Robotics (SSR) delivered improved year-over-year results, while Offshore Projects Group (OPG) continued to perform well. We generated significant free cash flow during the quarter as a result of improved operational cash and lower tax payments and capital spend. We expect free cash flow generation to moderate in the fourth quarter, but we remain on track to achieve the top end of our full-year guidance. “As we look ahead, we expect to see typical seasonality and changes in geographic and project mix in the fourth quarter. Beyond the fourth quarter, we expect improved performance in 2027, with EBITDA increasing compared to 2026. “Third-quarter bookings included meaningful awards across SSR, Manufactured Products, and Aerospace and Defense Technologies (ADTech). Together with our existing backlog and sales opportunities across our businesses, this provides a solid foundation as we enter 2027. Based on our current expectations, we are initiating full-year 2027 EBITDA guidance in the range of $430 million to $480 million.” Third Quarter 2026 Segment Results As compared to the third quarter of 2025: • SSR revenue increased to $233 million, operating income rose 16% to $75.4 million, and EBITDA margin expanded to 39%. Higher ROV revenue per day utilized, increased Survey activity, and improved margins in ROV operations and in Survey contributed to the year-over-year improvements. ROV revenue per day utilized increased to $11,781, while ROV fleet 1
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utilization remained at 65%. Increased ROV activity in Europe, Guyana, and West Africa largely offset lower activity in the U.S. Gulf. • Manufactured Products revenue increased 8%, while operating income was relatively flat at $25.1 million and margin decreased to 15%. Umbilical manufacturing activity was relatively stable compared with the prior year. Increased revenue was primarily attributable to the final resolution of a legacy mobility solutions contract, while lower activity and profitability in Grayloc Products affected operating results. As of September 30, 2026, backlog was $435 million. The book-to-bill ratio was 0.77 for the 12-month period ending on September 30, 2026. • OPG revenue, operating income, and margin remained relatively flat. Results benefited from a favorable mix of installation projects, which more than offset lower activity in West Africa and a less favorable project mix in the U.S. Gulf. • Integrity Management and Digital Solutions (IMDS) revenue increased 7% while operating income was relatively flat. Increased activity in the Middle East, Europe, and the U.S. Gulf was partially offset by lower activity in West Africa, a shift in project mix, and increased costs in the Middle East. • ADTech revenue increased 7% to $135 million, operating income decreased to $14.7 million, and margin declined to 11%. The lower operating results reflect increases in pass-through activities and certain program costs. • At the corporate level, Unallocated Expenses increased to $50.0 million, consistent with expectations. Fourth Quarter 2026 Guidance As compared to the fourth quarter of 2025: Consolidated fourth quarter 2026 revenue is expected to increase and EBITDA is expected to be in the range of $85 million to $95 million. At the segment level, for the fourth quarter of 2026: • SSR revenue is expected to increase and operating income is expected to decrease, reflecting lower ROV utilization as certain rigs transit from the U.S. Gulf to other regions, a shift in ROV geographic mix, and increased mobilization costs. • Manufactured Products revenue and operating income are expected to increase. • OPG revenue is expected to remain relatively flat and operating income is expected to decrease on changes in project mix. • IMDS revenue and operating income are expected to increase. • ADTech revenue and operating income are expected to increase. • Unallocated Expenses are expected to be in the $50 million range. Initial Full-Year 2027 Guidance • Consolidated EBITDA is expected to be in the range of $430 million to $480 million. • Free cash flow generation is expected to exceed the level forecasted for 2026. • Share repurchase activity is expected to continue. Oceaneering will provide more specific guidance on its expectations for 2027 in its fourth quarter 2026 earnings release and conference call. Liquidity During the third quarter, Oceaneering completed a series of financing transactions that strengthened its capital structure, including the issuance of $500 million aggregate principal amount of 6.875% Senior Notes due 2034 and the amendment and extension of its revolving credit facility, which increased commitments to $345 million and extended maturity to July 2031. These actions significantly extended 2
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Oceaneering's debt maturity profile, reduced refinancing risk, and enhanced long-term financial flexibility. As of September 30, 2026, Oceaneering held approximately $735 million of cash and, together with available borrowing capacity under its revolving credit facility, had more than $1.0 billion of liquidity to support ongoing operations, strategic investments, and future growth initiatives. Non-GAAP Financial Measures Adjusted net income (loss) and earnings (loss) per share; EBITDA and adjusted EBITDA on a consolidated and on a segment basis (as well as EBITDA and adjusted EBITDA margins); and free cash flow are non-GAAP measures that exclude the impacts of certain identified items. Reconciliations to the corresponding GAAP measures are shown in the tables Adjusted Net Income (Loss) and Diluted Earnings (Loss) per Share (EPS), EBITDA and Adjusted EBITDA and Margins, Free Cash Flow, 2026 Consolidated EBITDA Estimate, 2026 Free Cash Flow Estimate, and EBITDA and Adjusted EBITDA and Margins by Segment. These tables are included below under the caption Reconciliations of Non-GAAP to GAAP Financial Information. Conference Call Details Oceaneering has scheduled a conference call and webcast on Thursday, October 22, 2026 at 10:00 a.m. Central Time (11:00 a.m. Eastern Time), to discuss its results for the third quarter of 2026, guidance for the fourth quarter of 2026, and initial guidance for the full year of 2027. A link to the webcast is posted on Oceaneering's Investor Relations website. A replay of the conference call will be made available on the website approximately two hours following the conclusion of the live call. Forward-Looking Statements This release contains "forward-looking statements," as defined in the Private Securities Litigation Reform Act of 1995, including, without limitation, statements as to the expectations, beliefs, future expected business, and financial performance and prospects of Oceaneering. More specifically, the forward-looking statements in this press release include the statements concerning Oceaneering’s: expectation that full-year free cash flow generation will be in line with prior guidance; fourth quarter 2026 guidance for consolidated revenue, consolidated EBITDA, revenue and operating income by segment, and Unallocated Expenses; implied full-year 2026 guidance for consolidated adjusted EBITDA; initial full-year 2027 guidance for consolidated EBITDA and free cash flow; the expectation that share repurchase activity will continue in 2027; and the characterization, whether positive or otherwise, of market fundamentals, conditions, and dynamics, robotics markets, offshore energy activity levels (including by geographic location), pricing levels, day rates, ROV days utilized, average ROV revenue per day utilized, vessel utilization, growth, bidding activity, outlook, performance, opportunities, and future financials, including as increasing, favorable, positive, encouraging, improving, seasonal, strong, supportive, robust, meaningful, considerable, healthy, or significant (which is used herein to indicate a change of 20% or greater). The forward-looking statements included in this release are based on Oceaneering's current expectations and are subject to certain risks, assumptions, trends, and uncertainties that could cause actual results to differ materially from those indicated by the forward-looking statements. Factors that could cause actual results to differ materially include: factors affecting the level of activity in the oil and gas industry, including worldwide demand for and prices of oil and natural gas, oil and natural gas production growth, and the supply and demand of offshore drilling rigs; the indirect consequences of climate change and climate-related business trends; actions by members of OPEC and other oil exporting countries; decisions about offshore developments to be made by oil and gas exploration, development, and production companies; the use of subsea completions and our ability to capture associated market share; future budgetary and fiscal constraints imposed by the United States government, including the risk of government shutdowns; general economic and business conditions and industry trends and uncertainty, including those related to tariffs and retaliatory tariffs; the strength 3
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of the industry segments in which we are involved; cancellations of contracts, customer contract disputes, change orders, and other contractual modifications, force majeure declarations, and the exercise of contractual suspension rights and the resulting adjustments to our backlog; collections from our customers; our future financial performance, including as a result of the availability, terms, and deployment of capital; the consequences of significant changes in currency exchange rates; the volatility and uncertainties of credit markets; changes in data privacy and security laws, regulations, and standards; changes in tax laws, regulations, and interpretation by taxing authorities; changes in, or our ability to comply with, other laws and governmental regulations, including those relating to the environment; the continued availability of qualified personnel; our ability to obtain raw materials and parts on a timely basis and, in some cases, from limited sources; operating risks normally incident to offshore exploration, development, and production operations; hurricanes and other adverse weather and sea conditions; cost and time associated with drydocking of our vessels; the highly competitive nature of our businesses; adverse outcomes from legal or regulatory proceedings; the risks associated with integrating businesses we acquire; rapid technological changes; and social, political, military, and economic situations in foreign countries where we do business and the possibilities of civil disturbances, war, other armed conflicts, or terrorist attacks. For a more complete discussion of these and other risk factors, please see Oceaneering’s latest annual report on Form 10-K and subsequent quarterly reports on Form 10-Q filed with the Securities and Exchange Commission. You should not place undue reliance on forward-looking statements. Except to the extent required by applicable law, Oceaneering undertakes no obligation to update or revise any forward-looking statement. About Oceaneering Oceaneering is a global technology company delivering engineered services and products and robotic solutions to the offshore energy, defense, aerospace, and manufacturing industries. For more information, please visit www.oceaneering.com. Contact: Hilary Frisbie Senior Director, Investor Relations Oceaneering International, Inc. 713-329-4755 investorrelations@oceaneering.com - Tables follow on next page - 4
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OCEANEERING INTERNATIONAL, INC. AND SUBSIDIARIES CONDENSED CONSOLIDATED BALANCE SHEETS Sep 30, 2026 Dec 31, 2025 (in thousands) ASSETS Current assets (including cash and cash equivalents of $734,941 and $688,874) $ 1,691,204 $ 1,512,400 Net property and equipment 440,711 451,693 Other assets 643,531 703,161 Total Assets $ 2,775,446 $ 2,667,254 LIABILITIES AND EQUITY Current liabilities $ 769,849 $ 761,726 Long-term debt 491,417 487,417 Other long-term liabilities 287,298 341,448 Equity 1,226,882 1,076,663 Total Liabilities and Equity $ 2,775,446 $ 2,667,254 CONDENSED CONSOLIDATED STATEMENTS OF OPERATIONS For the Three Months Ended For the Nine Months Ended Sep 30, 2026 Sep 30, 2025 Jun 30, 2026 Sep 30, 2026 Sep 30, 2025 (in thousands, except per share amounts) Revenue $ 784,554 $ 742,898 $ 768,184 $ 2,245,167 $ 2,115,582 Cost of services and products 619,996 590,166 611,202 1,796,357 1,679,412 Gross margin 164,558 152,732 156,982 448,810 436,170 Selling, general and administrative expense 72,405 66,224 68,745 210,632 197,001 Operating income (loss) 92,153 86,508 88,237 238,178 239,169 Interest income 5,789 3,704 4,904 15,754 10,365 Interest expense, net of amounts capitalized (8,755) (9,381) (8,456) (26,316) (27,928) Equity in income (losses) of unconsolidated affiliates 357 97 1,210 1,844 770 Gain (loss) on extinguishment of debt (19,034) — — (19,034) — Other income (expense), net (1,439) (1,021) 182 (449) 5,325 Income (loss) before income taxes 69,071 79,907 86,077 209,977 227,701 Provision (benefit) for income taxes 16,509 8,618 22,497 57,728 51,593 Net income (loss) 52,562 71,289 63,580 152,249 176,108 Net income (loss) attributable to noncontrolling interest (56) — (1,435) (1,491) — Net income (loss) attributable to Oceaneering $ 52,618 $ 71,289 $ 65,015 $ 153,740 $ 176,108 Weighted average diluted shares outstanding 100,805 101,057 100,727 100,714 101,446 Diluted earnings (loss) per share $ 0.52 $ 0.71 $ 0.65 $ 1.53 $ 1.74 The above Condensed Consolidated Balance Sheets and Condensed Consolidated Statements of Operations should be read in conjunction with theCompany's latest Annual Report on Form 10-K and Quarterly Report on Form 10-Q. 5
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SEGMENT INFORMATION For the Three Months Ended For the Nine Months Ended Sep 30, 2026 Sep 30, 2025 Jun 30, 2026 Sep 30, 2026 Sep 30, 2025 ($ in thousands) Subsea Robotics Revenue $ 232,995 $ 218,767 $ 232,016 $ 679,284 $ 643,529 Operating income (loss) $ 75,363 $ 65,142 $ 66,325 $ 197,196 $ 189,279 Operating income (loss) % 32 % 30 % 29 % 29 % 29 % ROV days available 23,000 23,000 22,750 68,250 68,250 ROV days utilized 14,897 14,962 14,930 43,501 45,344 ROV utilization 65 % 65 % 66 % 64 % 66 % Manufactured Products Revenue $ 168,156 $ 156,395 $ 149,030 $ 460,834 $ 436,566 Operating income (loss) $ 25,066 $ 24,651 $ 21,935 $ 73,086 $ 52,090 Operating income (loss) % 15 % 16 % 15 % 16 % 12 % Backlog at end of period $ 435,000 $ 568,000 $ 445,000 $ 435,000 $ 568,000 Offshore Projects Group Revenue $ 172,523 $ 171,046 $ 182,843 $ 490,742 $ 485,268 Operating income (loss) $ 24,222 $ 23,692 $ 30,019 $ 72,585 $ 81,021 Operating income (loss) % 14 % 14 % 16 % 15 % 17 % Integrity Management & Digital Solutions Revenue $ 75,806 $ 70,781 $ 70,844 $ 214,534 $ 217,566 Operating income (loss) $ 2,752 $ 2,756 $ 100 $ 1,854 $ 10,865 Operating income (loss) % 4 % 4 % — % 1 % 5 % Aerospace and Defense Technologies Revenue $ 135,074 $ 125,909 $ 133,451 $ 399,773 $ 332,653 Operating income (loss) $ 14,749 $ 16,557 $ 16,425 $ 39,285 $ 43,521 Operating income (loss) % 11 % 13 % 12 % 10 % 13 % Unallocated Expenses Operating income (loss) $ (49,999) $ (46,290) $ (46,567) $ (145,828) $ (137,607) Total Revenue $ 784,554 $ 742,898 $ 768,184 $ 2,245,167 $ 2,115,582 Operating income (loss) $ 92,153 $ 86,508 $ 88,237 $ 238,178 $ 239,169 Operating income (loss) % 12 % 12 % 11 % 11 % 11 % The above Segment Information does not include adjustments for non-recurring transactions. See the tables below under the caption "Reconciliations ofNon-GAAP to GAAP Financial Information" for financial measures that our management considers in evaluating our ongoing operations. 6
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SELECTED CASH FLOW INFORMATION For the Three Months Ended For the Nine Months Ended Sep 30, 2026 Sep 30, 2025 Jun 30, 2026 Sep 30, 2026 Sep 30, 2025 (in thousands) Capital expenditures, including acquisitions $ 21,112 $ 24,215 $ 23,180 $ 61,697 $ 80,575 Capitalized cloud-based service contract costs 5,676 7,161 7,648 20,288 11,424 Total Capital Expenditures $ 26,788 $ 31,376 $ 30,828 $ 81,985 $ 91,999 Depreciation and Amortization: Energy Services and Products Subsea Robotics $ 14,342 $ 13,283 $ 14,220 $ 42,280 $ 37,404 Manufactured Products 2,753 2,768 2,779 8,306 8,159 Offshore Projects Group 4,731 4,290 4,679 14,165 13,642 Integrity Management & Digital Solutions 2,077 1,830 1,966 5,985 5,399 Total Energy Services and Products 23,903 22,171 23,644 70,736 64,604 Aerospace and Defense Technologies 950 1,082 1,016 2,972 2,815 Unallocated Expenses 1,725 2,870 2,769 7,470 8,552 Total Depreciation and Amortization $ 26,578 $ 26,123 $ 27,429 $ 81,178 $ 75,971 7
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RECONCILIATIONS OF NON-GAAP TO GAAP FINANCIAL INFORMATION In addition to financial results determined in accordance with U.S. generally accepted accounting principles ("GAAP"), this press release also includes non-GAAP financial measures (as defined under certain rules and regulations promulgated by the Securities and Exchange Commission). We have included adjusted net income (loss) and diluted earnings (loss) per share (EPS), each of which excludes the effects of certain specified items, as set forth in the tables that follow. As a result, these amounts are non-GAAP financial measures. We believe these are useful measures for investors to review because they provide consistent measures of the underlying results of our ongoing business. Furthermore, our management uses these measures as measures of the performance of our operations. We have also included disclosures of earnings before interest, taxes, depreciation, and amortization (EBITDA), EBITDA margins, 2025 consolidated adjusted EBITDA and free cash flow, third quarter of 2026 consolidated adjusted EBITDA, consolidated adjusted EBITDA margins, and free cash flow, fourth quarter of 2026 consolidated EBITDA estimate, full year 2026 free cash flow estimate, and full year 2027 consolidated EBITDA estimate, as well as the following by segment: EBITDA, EBITDA margins, adjusted EBITDA, and adjusted EBITDA margins. We define EBITDA margin as EBITDA divided by revenue. Adjusted EBITDA and adjusted EBITDA margins and related information by segment exclude the effects of certain specified items, as set forth in the tables that follow. Due to the forward-looking nature of EBITDA for the fourth quarter and full year of 2026 and for the full year of 2027, we cannot reliably predict certain of the necessary line items for the reconciliations to net income and, accordingly, have excluded such line items in the reconciliation. EBITDA and EBITDA margins, adjusted EBITDA and adjusted EBITDA margins, and related information by segment are each non-GAAP financial measures. We define free cash flow as cash flow provided by operating activities less organic capital expenditures (i.e., purchases of property and equipment other than those in business acquisitions). We have included these disclosures in this press release because EBITDA, EBITDA margins, and free cash flow are widely used by investors for valuation purposes and for comparing our financial performance with the performance of other companies in our industry, and the adjusted amounts thereof provide more consistent measures than the unadjusted amounts. Furthermore, our management uses these measures for purposes of evaluating our financial performance. Our presentation of EBITDA, EBITDA margins, and free cash flow (and the adjusted amounts thereof) may not be comparable to similarly titled measures that other companies report. Non-GAAP financial measures should be viewed in addition to and not as substitutes for our reported operating results, cash flows, or any other measure prepared and reported in accordance with GAAP. The tables that follow provide reconciliations of the non-GAAP measures used in this press release to the most directly comparable GAAP measures. 8
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RECONCILIATIONS OF NON-GAAP TO GAAP FINANCIAL INFORMATION (continued) Adjusted Net Income (Loss) and Diluted Earnings (Loss) per Share (EPS) For the Three Months Ended Sep 30, 2026 Sep 30, 2025 Jun 30, 2026 Net Income (Loss) Diluted EPS Net Income (Loss) Diluted EPS Net Income (Loss) Diluted EPS (in thousands, except per share amounts) Net income (loss) attributable to Oceaneeringand diluted EPS (GAAP) $ 52,618 $ 0.52 $ 71,289 $ 0.71 $ 65,015 $ 0.65 Net income (loss) attributable tononcontrolling interest (GAAP) (56) — (1,435) Adjustments, net of tax effect, for the effectsof: Foreign currency (gains) losses 1,012 97 (335) Total adjustments, net of tax effect 1,012 97 (335) Discrete tax items: Share-based compensation (4) (4) (16) Uncertain tax positions (3,759) (1,106) 736 Valuation allowances (1,815) (6,279) (748) Other 2,030 (8,236) (99) Total discrete tax adjustments (3,548) (15,625) (127) Total of adjustments (2,536) (15,528) (462) Adjusted Net Income (Loss) (non-GAAP) $ 50,026 $ 0.50 $ 55,761 $ 0.55 $ 63,118 $ 0.63 Weighted average diluted shares outstandingutilized for Adjusted Net Income (Loss)(GAAP) 100,805 101,057 100,727 RECONCILIATIONS OF NON-GAAP TO GAAP FINANCIAL INFORMATION (continued) Adjusted Net Income (Loss) and Diluted Earnings (Loss) per Share (EPS) For the Nine Months Ended Sep 30, 2026 Sep 30, 2025 Net Income (Loss) Diluted EPS Net Income (Loss) Diluted EPS (in thousands, except per share amounts) Net income (loss) attributable toOceaneering and diluted EPS (GAAP) $ 153,740 $ 1.53 $ 176,108 $ 1.74 Net income (loss) attributable tononcontrolling interest (GAAP) (1,491) — Adjustments, net of tax effect, for theeffects of: Foreign currency (gains) losses (1,986) (246) Total adjustments, net of tax effect (1,986) (246) Discrete tax items: Share-based compensation (2,189) (1,109) Uncertain tax positions (3,596) (3,526) Valuation allowances (2,140) (11,993) 892 (9,665) Total discrete tax adjustments (7,033) (26,293) Total of adjustments (9,019) (26,539) Adjusted Net Income (Loss) (non-GAAP) $ 143,230 $ 1.42 $ 149,569 $ 1.47 Weighted average diluted sharesoutstanding utilized for Adjusted NetIncome (Loss) (GAAP) 100,714 101,446
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RECONCILIATIONS OF NON-GAAP TO GAAP FINANCIAL INFORMATION (continued) EBITDA and Adjusted EBITDA and Margins For the Three Months Ended For the Nine Months Ended Sep 30, 2026 Sep 30, 2025 Jun 30, 2026 Sep 30, 2026 Sep 30, 2025 ($ in thousands) Net income (loss) attributable toOceaneering (GAAP) $ 52,618 $ 71,289 $ 65,015 $ 153,740 $ 176,108 Net income (loss) attributable tononcontrolling interest (GAAP) (56) — (1,435) (1,491) — Depreciation and amortization 26,578 26,123 27,429 81,178 75,971 Subtotal 79,140 97,412 91,009 233,427 252,079 Interest expense, net of interest income 2,966 5,677 3,552 10,562 17,563 Amortization included in interestexpense (443) (1,627) (1,433) (3,525) (4,773) Provision (benefit) for income taxes 16,509 8,618 22,497 57,728 51,593 EBITDA (non-GAAP) 98,172 110,080 115,625 298,192 316,462 Adjustments for the effects of: (Gain) loss on extinguishment ofdebt 19,034 — — 19,034 — Foreign currency (gains) losses 2,156 999 (1,113) 315 (5,481) Total of adjustments 21,190 999 (1,113) 19,349 (5,481) Adjusted EBITDA (non-GAAP) $ 119,362 $ 111,079 $ 114,512 $ 317,541 $ 310,981 Revenue $ 784,554 $ 742,898 $ 768,184 $ 2,245,167 $ 2,115,582 EBITDA margin % (non-GAAP) 13 % 15 % 15 % 13 % 15 % Adjusted EBITDA margin % (non-GAAP) 15 % 15 % 15 % 14 % 15 % Free Cash Flow For the Three Months Ended For the Nine Months Ended Sep 30, 2026 Sep 30, 2025 Jun 30, 2026 Sep 30, 2026 Sep 30, 2025 (in thousands) Net Income (loss) (GAAP) $ 52,562 $ 71,289 $ 63,580 $ 152,249 $ 176,108 Non-cash adjustments: Depreciation and amortization 26,578 26,123 27,429 81,178 75,971 Other non-cash 20,749 (204) 20,176 50,093 19,896 Other increases (decreases) in cash from operatingactivities 63,145 4,055 (55,979) (124,398) (174,243) Cash flow provided by (used in) operating activities(GAAP) 163,034 101,263 55,206 159,122 97,732 Purchases of property and equipment (21,112) (24,215) (23,180) (61,697) (80,575) Free Cash Flow (non-GAAP) $ 141,922 $ 77,048 $ 32,026 $ 97,425 $ 17,157 10
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RECONCILIATIONS OF NON-GAAP TO GAAP FINANCIAL INFORMATION (continued) 2027 Consolidated EBITDA Estimate For the Year Ending December 31, 2027 Low High (in thousands) Income (loss) before income taxes $ 310,000 $ 347,000 Depreciation and amortization 105,000 114,000 Subtotal 415,000 461,000 Interest expense, net of interest income 21,000 26,000 Amortization included in interest expense (6,000) (7,000) Consolidated EBITDA $ 430,000 $ 480,000 2026 Consolidated EBITDA Estimate For the Three Months Ending December 31, 2026 Low High (in thousands) Income (loss) before income taxes $ 50,000 $ 67,000 Depreciation and amortization 29,000 25,000 Subtotal 79,000 92,000 Interest expense, net of interest income 7,000 5,000 Amortization included in interest expense (1,000) (2,000) Consolidated EBITDA $ 85,000 $ 95,000 2026 Free Cash Flow Estimate For the Year Ending December 31, 2026 Low High (in thousands) Net income (loss) $ 183,000 $ 194,000 Depreciation and amortization 110,000 106,000 Other increases (decreases) in cash from operating activities (88,000) (65,000) Cash flow provided by (used in) operating activities 205,000 235,000 Purchases of property and equipment (105,000) (115,000) Free Cash Flow $ 100,000 $ 120,000 11
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RECONCILIATIONS OF NON-GAAP TO GAAP FINANCIAL INFORMATION (continued) EBITDA and Adjusted EBITDA and Margins by Segment For the Three Months Ended September 30, 2026 SSR MP OPG IMDS ADTech UnallocatedExpenses andother Total ($ in thousands) Operating Income (Loss)(GAAP) $ 75,363 $ 25,066 $ 24,222 $ 2,752 $ 14,749 $ (49,999) $ 92,153 Adjustments for the effects of: Depreciation andamortization 14,342 2,753 4,731 2,077 950 1,725 26,578 Other pre-tax — — — — — (20,559) (20,559) EBITDA (non-GAAP) 89,705 27,819 28,953 4,829 15,699 (68,833) 98,172 Adjustments for the effects of: (Gain) loss onextinguishment of debt — — — — — 19,034 19,034 Foreign currency (gains)losses — — — — — 2,156 2,156 Total of adjustments — — — — — 21,190 21,190 Adjusted EBITDA (non-GAAP) $ 89,705 $ 27,819 $ 28,953 $ 4,829 $ 15,699 $ (47,643) $ 119,362 Revenue $ 232,995 $ 168,156 $ 172,523 $ 75,806 $ 135,074 $ 784,554 Operating income (loss) %(GAAP) 32 % 15 % 14 % 4 % 11 % 12 % EBITDA Margin (non-GAAP) 39 % 17 % 17 % 6 % 12 % 13 % Adjusted EBITDA Margin(non-GAAP) 39 % 17 % 17 % 6 % 12 % 15 % For the Three Months Ended September 30, 2025 SSR MP OPG IMDS ADTech UnallocatedExpenses andother Total ($ in thousands) Operating Income (Loss)(GAAP) $ 65,142 $ 24,651 $ 23,692 $ 2,756 $ 16,557 $ (46,290) $ 86,508 Adjustments for the effects of: Depreciation andamortization 13,283 2,768 4,290 1,830 1,082 2,870 26,123 Other pre-tax — — — — — (2,551) (2,551) EBITDA (non-GAAP) 78,425 27,419 27,982 4,586 17,639 (45,971) 110,080 Adjustments for the effects of: Foreign currency (gains)losses — — — — — 999 999 Total of adjustments — — — — — 999 999 Adjusted EBITDA (non-GAAP) $ 78,425 $ 27,419 $ 27,982 $ 4,586 $ 17,639 $ (44,972) $ 111,079 Revenue $ 218,767 $ 156,395 $ 171,046 $ 70,781 $ 125,909 $ 742,898 Operating income (loss) %(GAAP) 30 % 16 % 14 % 4 % 13 % 12 % EBITDA Margin (non-GAAP) 36 % 18 % 16 % 6 % 14 % 15 % Adjusted EBITDA Margin(non-GAAP) 36 % 18 % 16 % 6 % 14 % 15 % ` 12
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RECONCILIATIONS OF NON-GAAP TO GAAP FINANCIAL INFORMATION (continued) EBITDA and Adjusted EBITDA and Margins by Segment For the Three Months Ended June 30, 2026 SSR MP OPG IMDS ADTech UnallocatedExpenses andother Total ($ in thousands) Operating Income (Loss)(GAAP) $ 66,325 $ 21,935 $ 30,019 $ 100 $ 16,425 $ (46,567) $ 88,237 Adjustments for the effects of: Depreciation andamortization 14,220 2,779 4,679 1,966 1,016 2,769 27,429 Other pre-tax — — — — — (41) (41) EBITDA (non-GAAP) 80,545 24,714 34,698 2,066 17,441 (43,839) 115,625 Adjustments for the effects of: Foreign currency (gains)losses — — — — — (1,113) (1,113) Total of adjustments — — — — — (1,113) (1,113) Adjusted EBITDA (non-GAAP) $ 80,545 $ 24,714 $ 34,698 $ 2,066 $ 17,441 $ (44,952) $ 114,512 Revenue $ 232,016 $ 149,030 $ 182,843 $ 70,844 $ 133,451 $ 768,184 Operating income (loss) %(GAAP) 29 % 15 % 16 % — % 12 % 11 % EBITDA Margin (non-GAAP) 35 % 17 % 19 % 3 % 13 % 15 % Adjusted EBITDA Margin(non-GAAP) 35 % 17 % 19 % 3 % 13 % 15 % 13
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RECONCILIATIONS OF NON-GAAP TO GAAP FINANCIAL INFORMATION (continued) EBITDA and Adjusted EBITDA and Margins by Segment For the Nine Months Ended September 30, 2026 SSR MP OPG IMDS ADTech UnallocatedExpenses andother Total ($ in thousands) Operating Income (Loss)(GAAP) $ 197,196 $ 73,086 $ 72,585 $ 1,854 $ 39,285 $ (145,828) $ 238,178 Adjustments for the effects of: Depreciation andamortization 42,280 8,306 14,165 5,985 2,972 7,470 81,178 Other pre-tax — — — — — (21,164) (21,164) EBITDA (non-GAAP) 239,476 81,392 86,750 7,839 42,257 (159,522) 298,192 Adjustments for the effects of: (Gain) loss onextinguishment of debt — — — — — 19,034 19,034 Foreign currency (gains)losses — — — — — 315 315 Total of adjustments — — — — — 19,349 19,349 Adjusted EBITDA (non-GAAP) $ 239,476 $ 81,392 $ 86,750 $ 7,839 $ 42,257 $ (140,173) $ 317,541 Revenue $ 679,284 $ 460,834 $ 490,742 $ 214,534 $ 399,773 $ 2,245,167 Operating income (loss) %(GAAP) 29 % 16 % 15 % 1 % 10 % 11 % EBITDA Margin (non-GAAP) 35 % 18 % 18 % 4 % 11 % 13 % Adjusted EBITDA Margin(non-GAAP) 35 % 18 % 18 % 4 % 11 % 14 % For the Nine Months Ended September 30, 2025 SSR MP OPG IMDS ADTech UnallocatedExpenses andother Total ($ in thousands) Operating Income (Loss)(GAAP) $ 189,279 $ 52,090 $ 81,021 $ 10,865 $ 43,521 $ (137,607) $ 239,169 Adjustments for the effects of: Depreciation andamortization 37,404 8,159 13,642 5,399 2,815 8,552 75,971 Other pre-tax — — — — — 1,322 1,322 EBITDA (non-GAAP) 226,683 60,249 94,663 16,264 46,336 (127,733) 316,462 Adjustments for the effects of: Foreign currency (gains)losses — — — — — (5,481) (5,481) Total of adjustments — — — — — (5,481) (5,481) Adjusted EBITDA (non-GAAP) $ 226,683 $ 60,249 $ 94,663 $ 16,264 $ 46,336 $ (133,214) $ 310,981 Revenue $ 643,529 $ 436,566 $ 485,268 $ 217,566 $ 332,653 $ 2,115,582 Operating income (loss) %(GAAP) 29 % 12 % 17 % 5 % 13 % 11 % EBITDA Margin (non-GAAP) 35 % 14 % 20 % 7 % 14 % 15 % Adjusted EBITDA Margin(non-GAAP) 35 % 14 % 20 % 7 % 14 % 15 % 14