Oceaneering Q4 net income $44.5M, 2023 revenue up 17% to $2.42B, guides 2024 EBITDA $330M-$380M

OCEANEERING INTERNATIONAL INC

2023-FY EPS reported $0.95 revenue$2,424,706,000

Q4 net income $44.5M ($0.43 diluted EPS); adjusted net income $19.4M ($0.19 EPS).
Full-year 2023 revenue $2.42B (+17% YoY), adjusted EBITDA $289M, free cash flow $109M.
Eliminated 2024 debt maturity; nearest debt now $500M due Feb 2028; ending cash $462M.
ROV fleet 250, utilization 68%, avg revenue per day on hire $9,618.
2024 guidance: net income $125M-$155M, EBITDA $330M-$380M, free cash flow $110M-$150M.

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 0.95

OCEANEERING INTERNATIONAL INC reported the three months ended December 31, 2023 results: revenue $655 million, net income $44.5 million, or $0.43 per share, EPS $0.43 per share.

Period: the three months ended December 31, 2023
Revenue: $655 million
Net income: $44.5 million, or $0.43 per share
EPS: $0.43 per share
Result: reported results

Exact text from the filing

Oceaneering International, Inc. ("Oceaneering") (NYSE:OII) today reported net income of $44.5 million, or $0.43 per share, on revenue of $655 million for the three months ended December 31, 2023.

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Source: SEC EDGAR

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