---
schema_version: "secwatch.filing_event.v1"
accession: "0000073756-24-000074"
form_type: "8-K"
ticker: "OII"
cik: "0000073756"
company_name: "OCEANEERING INTERNATIONAL INC"
filed_at: "2024-04-24T23:59:59+00:00"
generated_at: "2026-06-03T10:26:04.799583+00:00"
event_type: "earnings"
sentiment: "positive"
materiality_score: 0.7
calibrated_materiality_score: 0.7
confidence: "high"
source: SEC EDGAR
---

# Oceaneering Q1 net income $15.1M; adj. EPS $0.14; FY guidance reaffirmed

## Summary
- Revenue $599M, up 12% YoY; operating income $36.7M, up 37% YoY.
- Adjusted EBITDA $61.7M beat guidance; free cash flow -$95.2M, cash $355M.
- Subsea Robotics operating income $44.2M, up 31% YoY; ROV utilization 64% at $10,009/day.
- Manufactured Products backlog $597M, up $151M YoY; book-to-bill 1.30 trailing 12 months.
- Q2 2024 EBITDA guided $80-90M; FY net income $125-155M, EBITDA $330-380M unchanged.

## SEC filing metadata
- accession: 0000073756-24-000074
- form_type: 8-K
- ticker: OII
- cik: 0000073756
- company_name: OCEANEERING INTERNATIONAL INC
- filed_at: 2024-04-24T23:59:59+00:00
- event_type: earnings
- sentiment: positive
- materiality_score: 0.7
- calibrated_materiality_score: 0.7
- confidence: high
- sec_items: 2.02, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/73756/000007375624000074/0000073756-24-000074-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/73756/000007375624000074/oii-20240424.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0000073756-24-000074
- JSON: https://secwatch.observer/filing/0000073756-24-000074.json
- Plain text: https://secwatch.observer/filing/0000073756-24-000074.txt

## Key facts
- Earnings Releases
  OCEANEERING INTERNATIONAL INC reported Full-year 2024 results: net income $125 million to $155 million. Guidance reaffirmed.
  - Period: Full-year 2024
  - Net income: $125 million to $155 million
  - Guidance: reaffirmed
  - Result: guidance update
  source text: Confirmed prior guidance for 2024: • Net income is expected in the range of $125 million to $155 million
  evidence_url: https://www.sec.gov/Archives/edgar/data/73756/000007375624000074/0000073756-24-000074-index.htm
- Earnings Releases
  OCEANEERING INTERNATIONAL INC reported first quarter ended March 31, 2024 results: revenue $599 million, net income $15.1 million, EPS $0.15 per share.
  - Period: first quarter ended March 31, 2024
  - Revenue: $599 million
  - Net income: $15.1 million
  - EPS: $0.15 per share
  - Result: reported results
  source text: Oceaneering International, Inc. ("Oceaneering") (NYSE:OII) today reported net income of $15.1 million, or $0.15 per share, on revenue of $599 million for the three months ended March 31, 2024.
  evidence_url: https://www.sec.gov/Archives/edgar/data/73756/000007375624000074/0000073756-24-000074-index.htm

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