secwatch.observer — SEC 8-K summary
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Issuer:     OCEANEERING INTERNATIONAL INC (OII)
CIK:        0000073756
Form:       8-K
Filed at:   2023-10-25T23:59:59+00:00
Accession:  0000073756-23-000132
Event type: earnings
Sentiment:  positive
Materiality: 0.75
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/73756/000007375623000132/0000073756-23-000132-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/73756/000007375623000132/oii-20231025.htm
  HTML page:      https://secwatch.observer/filing/0000073756-23-000132

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer