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Financial News
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OMNI Resumes Operations in Venice; Company to Expand Dockside Services Offered
Oct 9, 2006
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CARENCRO, La., Oct 09, 2006 /PRNewswire-FirstCall via COMTEX News Network/ -- OMNI ENERGY SERVICES CORP. (Nasdaq: OMNI) announced today that it has resumed its dockside environmental cleaning operations in Venice, Louisiana, more than a year after cessation of operations as a result of Hurricane Katrina. OMNI previously announced it had leased appr...
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OMNI Updates 2006 Guidance; Company Expects to Complete Rig Tool Acquisition in 4th Quarter
Sep 18, 2006
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CARENCRO, La., Sept 18, 2006 /PRNewswire-FirstCall via COMTEX News Network/ -- OMNI Energy Services Corp. (Nasdaq: OMNI) announced today that it expects its fiscal 2006 net income from continuing operations to range between $18.0 and $19.0 million ($0.74 to $0.78 per diluted share based on 24.3 million weighted average diluted shares outstanding) w...
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OMNI Reports Solid Second Quarter Results
Aug 8, 2006
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CARENCRO, La., Aug 08, 2006 /PRNewswire-FirstCall via COMTEX News Network/ -- OMNI ENERGY SERVICES CORP. (Nasdaq: OMNI) announced today strong increases in year-to-year second quarter financial results with 2006 second quarter revenues nearly triple revenues reported for the same three month period ended June 30, 2005 and more than 17% higher than ...
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OMNI Executes Lease to Re-Open Venice Facility; Company to Expand Dockside Services Offered to Customers
Jul 31, 2006
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CARENCRO, La., July 31, 2006 /PRNewswire-FirstCall via COMTEX News Network/ -- OMNI ENERGY SERVICES CORP. (Nasdaq: OMNI) announced today that it will re-open its environmental cleaning operations in Venice, Louisiana, during the third quarter of this year nearly one year after ceasing operations as a result of Hurricane Katrina. The Company said it...
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OMNI Updates Second Quarter Guidance
Jun 28, 2006
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OMNI ENERGY SERVICES CORP. (Nasdaq: OMNI) announced today that it expects its 2006 second quarter fully diluted earnings per share to more than double the $0.10 fully diluted earnings per share reported for its 2006 first quarter. The Company also said its second quarter fully diluted earnings per share will be at least 40% higher than the average ...
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OMNI to Acquire Rig Tools, Inc.
Jun 27, 2006
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OMNI Energy Services Corp. (Nasdaq: OMNI) announced today the execution of a letter of intent for the acquisition of Rig Tools, Inc., a leading Gulf Coast lessor of oilfield equipment and provider of specialized oilfield and environmental services. The purchase price includes a combination of $10.0 million of cash, $4.0 million of convertible promi...
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Demand for OMNI's Services Remains Strong; Second Quarter Revenues Expected to Top Wall Street Estimates
Jun 2, 2006
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CARENCRO, La., June 2, 2006 /PRNewswire-FirstCall via COMTEX News Network/ -- OMNI ENERGY SERVICES CORP. (Nasdaq: OMNI) announced today that it expects its 2006 second quarter revenues to exceed revised Wall Street estimates of approximately $25.8 million and, barring any unexpected weather or permit delays, to exceed its 2006 first quarter revenu...
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OMNI Announces 2006 Annual Meeting Of Shareholders
May 23, 2006
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CARENCRO, LA – MAY 23, 2006 – OMNI ENERGY SERVICES CORP. (NASDAQ NM: OMNI) announced today it will hold its Annual Meeting of Shareholders on Tuesday, June 27, 2006 at 10:00 a.m. at its offices located at 4500 NE Evangeline Thruway in Carencro, Louisiana. OMNI shareholders of record at the close of business on April 28, 2006, are ent...
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OMNI Reports Strong First Quarter Results
May 11, 2006
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CARENCRO, LA – MAY 11, 2006 – OMNI ENERGY SERVICES CORP. (NASDAQ NM: OMNI) announced today that its 2006 first quarter net income was more than double the amount of net income from continuing operations reported by the Company during the comparable 2005 quarter and almost 50% higher than Wall Street estimates.
On revenues of...
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OMNI Again Prevails Against Advantage Capital
May 3, 2006
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CARENCRO, LA - MAY 3, 2006 - OMNI ENERGY SERVICES CORP. (NASDAQ NM: OMNI) announced today that The Supreme Court of the State of Louisiana ("Louisiana Supreme Court") has unanimously denied the writ application filed by Advantage Capital, et. al. (collectively "Advantage Capital") which sought to reverse an earlier judgment by the Fourth Circuit...
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OMNI Expands Environmental Operations
Apr 11, 2006
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CARENCRO, LA - APRIL 11, 2006 - OMNI ENERGY SERVICES CORP. (NASDAQ NM: OMNI) announced today the geographic expansion of its environmental cleaning business unit into areas of South Texas. The Company is moving equipment and key personnel into Freer, Texas in order to meet the increased demands of its customers for its environmental cleaning ser...
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OMNI Awarded $7 Million Seismic Drilling Contract
Apr 7, 2006
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CARENCRO, LA - APRIL 7, 2006 - OMNI ENERGY SERVICES CORP. (NASDAQ NM: OMNI) announced today that it has been awarded a $7 million contract to perform seismic drilling services on property located in East Texas. Work is scheduled to commence in the second quarter of 2006. With the addition of this new project, OMNI said its seismic drilling backl...
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OMNI Reports Better than Expected 4th Quarter Results
Mar 29, 2006
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CARENCRO, LA. - MARCH 29, 2006 - OMNI ENERGY SERVICES CORP. (Nasdaq: OMNI), reported today improved profitability from its core business units during the three month period ended December 31, 2005 in spite of severe business interruptions caused by both Hurricanes Katrina and Rita. Additionally, the Company reported today that its backlog for futur...
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OMNI Appoints Bobby H. Rhyne, Jr. Vice President - Sales and Marketing
Mar 16, 2006
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CARENCRO, LA. - MARCH 16, 2006 - OMNI ENERGY SERVICES CORP. (Nasdaq: OMNI), announced today the appointment of Bobby H. Rhyne, Jr., a former owner of Preheat, Inc., as Vice President - Sales and Marketing. After assisting in the transition of the operational responsibility of Preheat, Inc. ('Preheat'), he will focus on the consolidation of the sal...
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OMNI Completes Anticipated Acquisition Of Preheat, Inc.
Feb 15, 2006
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CARENCRO, LA. - FEBRUARY 15, 2006 -
OMNI ENERGY SERVICES CORP. (Nasdaq: OMNI), announced today it has
completed the previously announced acquisition of Preheat, Inc. for $16
million in cash plus the issuance of 900,000 shares of its common stock
and $4 million in buyer promissory notes. At closing, Preheat's excess
...
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OMNI Again Prevails In Louisiana Appellate Court
Jan 30, 2006
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CARENCRO, LA. - JANUARY 30, 2006 - OMNI ENERGY SERVICES CORP. (Nasdaq: OMNI), announced today that the Fourth Circuit Court of Appeal for the State of Louisiana (the "Fourth Circuit") has denied the application by Advantage Capital, et. al. (collectively "Advantage Capital") requesting the Fourth Circuit rehear and reconsider its earlier ruling...
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OMNI Announces Dismissal Of Federal Lawsuit
Jan 18, 2006
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CARENCRO, LA. - JANUARY 18, 2006 - OMNI ENERGY SERVICES CORP. (Nasdaq: OMNI), announced today that Advantage Capital, et. al. (collectively "ACP") has filed with the United States District Court for the Eastern District of Louisiana (the "Federal Court") a notice to dismiss their lawsuit against OMNI and certain of the Company's key executive of...
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OMNI Announces Key Personnel Appointments
Jan 17, 2006
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CARENCRO, LA. - JANUARY 17, 2006 - OMNI ENERGY SERVICES CORP. (Nasdaq: OMNI), announced today the addition of Carleen Naumann as General Manager of OMNI's Environmental Business Development and the appointment of Gregory B. Milton as the Company's Chief Accounting Officer.
Ms. Naumann joins OMNI with more than 13 years of environmental...
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OMNI Announces Completion Of Expansion Project
Jan 12, 2006
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CARENCRO, LA. - JANUARY 12, 2006 - OMNI ENERGY SERVICES CORP. (Nasdaq: OMNI), announced today that it has completed the previously announced expansion of its Naturally Occurring Radioactive Material ("NORM") De-contamination Facility located in Intracoastal City, Louisiana. The expansion was necessary to satisfy the increased demand for deconta...
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OMNI Provides Guidance For 2006
Jan 10, 2006
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CARENCRO, LA. - JANUARY 10, 2006 - OMNI ENERGY SERVICES CORP. (Nasdaq: OMNI), announced today that it expects its 2006 revenues, with inclusion of expected revenues resulting from the anticipated acquisition of Preheat, Inc. ("Preheat"), will exceed $75 million, a 70% increase over OMNI's anticipated 2005 revenues. OMNI recently announced the e...
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