---
schema_version: "secwatch.filing_event.v1"
accession: "0000073756-23-000132"
form_type: "8-K"
ticker: "OII"
cik: "0000073756"
company_name: "OCEANEERING INTERNATIONAL INC"
filed_at: "2023-10-25T23:59:59+00:00"
generated_at: "2026-06-09T12:21:21.356010+00:00"
event_type: "earnings"
sentiment: "positive"
materiality_score: 0.75
calibrated_materiality_score: 0.75
confidence: "high"
source: SEC EDGAR
---

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

## Summary
- 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.

## SEC filing metadata
- accession: 0000073756-23-000132
- form_type: 8-K
- ticker: OII
- cik: 0000073756
- company_name: OCEANEERING INTERNATIONAL INC
- filed_at: 2023-10-25T23:59:59+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/73756/000007375623000132/0000073756-23-000132-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/73756/000007375623000132/oii-20231025.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0000073756-23-000132
- JSON: https://secwatch.observer/filing/0000073756-23-000132.json
- Plain text: https://secwatch.observer/filing/0000073756-23-000132.txt

## Key facts
- Earnings Releases
  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
  source text: 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.
  evidence_url: https://www.sec.gov/Archives/edgar/data/73756/000007375623000132/0000073756-23-000132-index.htm

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