Oceaneering Q2 net income $35M, revenue $669M, EBITDA $85.9M; narrows 2024 EBITDA guidance to $340-370M

OCEANEERING INTERNATIONAL INC

2024-Q2 EPS reported $0.49 revenue$1,267,900,000

Net income $35.0M ($0.34 diluted EPS); adjusted net income $28.6M ($0.28 adjusted EPS).
Revenue $668.8M (+12% YoY); operating income $60.4M (+23% YoY); operating cash flow $52.6M.
ROV fleet utilization 70%, avg. revenue per day utilized $10,528 (+16% YoY).
Manufactured Products backlog $713M, up $295M YoY; book-to-bill 1.56 over trailing 12 months.
Narrows 2024 adjusted EBITDA guidance to $340-370M, still expects positive free cash flow of $110-150M.

This headline and bullets were generated automatically by deepseek-v4-flash:cloud@v2 from the public filing. Read the source on SEC.gov before relying on any specific claim. Not investment advice. See methodology for how this pipeline works.