secwatch.observer — SEC 8-K summary
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Issuer:     OCEANEERING INTERNATIONAL INC (OII)
CIK:        0000073756
Form:       8-K
Filed at:   2023-04-26T23:59:59+00:00
Accession:  0000073756-23-000070
Event type: earnings
Sentiment:  positive
Materiality: 0.75
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/73756/000007375623000070/0000073756-23-000070-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/73756/000007375623000070/oii-20230426.htm
  HTML page:      https://secwatch.observer/filing/0000073756-23-000070

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