secwatch.observer — SEC 8-K summary
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Issuer:     OCEANEERING INTERNATIONAL INC (OII)
CIK:        0000073756
Form:       8-K
Filed at:   2024-02-22T23:59:59+00:00
Accession:  0000073756-24-000005
Event type: earnings
Sentiment:  positive
Materiality: 0.80
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/73756/000007375624000005/0000073756-24-000005-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/73756/000007375624000005/oii-20240222.htm
  HTML page:      https://secwatch.observer/filing/0000073756-24-000005

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