Operating margin during the quarter was 29%, the same as a year ago and last quarter and slightly down from the 30% average last year. We continue to anticipate our ROV operating margin for the year 2012, maybe slightly higher than that of 2011.During the quarter, we put 5 new ROVs into service and retired 2. At the end of March, we had 270 systems available for operation, up from 260, a year ago. Three of the new ROV's went to work on board vessels, and 2 went into drill support service on rigs. Our fleet mix during the quarter was 78% in drill support and 22% on vessel-based work, the same as last quarter and about the same as the 79-21 split in the first quarter of 2011.
Oceaneering International's CEO Discusses Q1 2012 Results - Earnings Call Transcript
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