secwatch.observer — SEC 8-K summary
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Issuer:     OCEANEERING INTERNATIONAL INC (OII)
CIK:        0000073756
Form:       8-K
Filed at:   2024-04-24T23:59:59+00:00
Accession:  0000073756-24-000074
Event type: earnings
Sentiment:  positive
Materiality: 0.70
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/73756/000007375624000074/0000073756-24-000074-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/73756/000007375624000074/oii-20240424.htm
  HTML page:      https://secwatch.observer/filing/0000073756-24-000074

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