---
schema_version: "secwatch.filing_event.v1"
accession: "0000073756-23-000070"
form_type: "8-K"
ticker: "OII"
cik: "0000073756"
company_name: "OCEANEERING INTERNATIONAL INC"
filed_at: "2023-04-26T23:59:59+00:00"
generated_at: "2026-06-16T14:26:57.956113+00:00"
event_type: "earnings"
sentiment: "positive"
materiality_score: 0.75
calibrated_materiality_score: 0.75
confidence: "high"
source: SEC EDGAR
---

# Oceaneering Q1 net income $4.1M, revenue $537M; affirms FY 2023 guidance

## Summary
- Net income $4.1M ($0.04 diluted EPS); adjusted EPS $0.05; revenue $537M, up 20% YoY.
- Consolidated adjusted EBITDA $55M; Q2 EBITDA guided $75-85M.
- Affirms FY 2023 guidance: net income $75-90M, adjusted EBITDA $260-310M, FCF $75-125M.
- ROV utilization 63%, avg revenue per day $9,176; Manufactured Products backlog $446M.
- Cash decreased $64M to $505M; expects positive FCF in H2 2023.

## SEC filing metadata
- accession: 0000073756-23-000070
- form_type: 8-K
- ticker: OII
- cik: 0000073756
- company_name: OCEANEERING INTERNATIONAL INC
- filed_at: 2023-04-26T23:59:59+00:00
- event_type: earnings
- sentiment: positive
- materiality_score: 0.75
- calibrated_materiality_score: 0.75
- confidence: high
- sec_items: 2.02, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/73756/000007375623000070/0000073756-23-000070-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/73756/000007375623000070/oii-20230426.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0000073756-23-000070
- JSON: https://secwatch.observer/filing/0000073756-23-000070.json
- Plain text: https://secwatch.observer/filing/0000073756-23-000070.txt

## Key facts
- Earnings Releases
  OCEANEERING INTERNATIONAL INC reported first quarter ended March 31, 2023 results: revenue $537 million, net income $4.1 million, EPS $0.04.
  - Period: first quarter ended March 31, 2023
  - Revenue: $537 million
  - Net income: $4.1 million
  - EPS: $0.04
  - Result: reported results
  source text: Oceaneering International, Inc. ("Oceaneering") (NYSE:OII) today reported net income of $4.1 million, or $0.04 per share, on revenue of $537 million for the three months ended March 31, 2023.
  evidence_url: https://www.sec.gov/Archives/edgar/data/73756/000007375623000070/0000073756-23-000070-index.htm

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.