Oceaneering Q3 net income $29.8M, adj EBITDA $84.1M; 2023 adj EBITDA guidance $275M-$295M; 2024 EBITDA $330M-$380M

OCEANEERING INTERNATIONAL INC

2023-Q3 EPS reported $0.52 revenue$1,770,077,000

Net income $29.8M ($0.29/diluted EPS); revenue $635M; adjusted net income $38.5M ($0.38/sh).
ROV fleet 250 units; utilization 69%; average revenue per day on hire $9,372.
Manufactured Products backlog $556M; book-to-bill 1.25 for nine months ended Sep 30, 2023.
Narrowed 2023 guidance: adj EBITDA $275M-$295M, FCF $90M-$130M, capex $95M-$105M.
Initial 2024 guidance: EBITDA $330M-$380M; free cash flow expected to exceed 2023; debt maturity extended to Feb 2028.

item 2.02 item 9.01

Key facts

Extracted from this filing and checked against the source text.

Earnings Releases SEC 8-K Item 2.02 confidence 0.9

OCEANEERING INTERNATIONAL INC reported three months ended September 30, 2023 results: revenue $635 million, net income $29.8 million, EPS $0.29 per share. Guidance reaffirmed.

Period: three months ended September 30, 2023
Revenue: $635 million
Net income: $29.8 million
EPS: $0.29 per share
Guidance: reaffirmed
Result: reported results

Exact text from the filing

Oceaneering International, Inc. ("Oceaneering") (NYSE:OII) today reported net income of $29.8 million, or $0.29 per share, on revenue of $635 million for the three months ended September 30, 2023.

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Source: SEC EDGAR

accession 0000073756-23-000132

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