secwatch.observer — SEC 8-K summary
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Issuer:     OCEANEERING INTERNATIONAL INC (OII)
CIK:        0000073756
Form:       8-K
Filed at:   2023-02-23T23:59:59+00:00
Accession:  0000073756-23-000007
Event type: earnings
Sentiment:  positive
Materiality: 0.75
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Oceaneering Q4 net income $23.1M; guides 2023 EBITDA $260-310M
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- Q4 2022 net income $23.1M ($0.23 EPS) on revenue $536M; adjusted net income $6.4M ($0.06 EPS).
- Full-year 2022 adjusted EBITDA $233M above guidance midpoint; revenue $2.07B (+11% YoY).
- 2023 guidance: net income $75-90M, adjusted EBITDA $260-310M, free cash flow $75-125M, capex $90-110M.
- Q4 free cash flow $134M; cash $569M; consolidated backlog $1.95B; ROV utilization 62% at $8,967/day.
- CEO cites fourth consecutive year of improved adjusted EBITDA; expects >10% revenue growth in 2023.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/73756/000007375623000007/0000073756-23-000007-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/73756/000007375623000007/oii-20230223.htm
  HTML page:      https://secwatch.observer/filing/0000073756-23-000007

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