---
schema_version: "secwatch.filing_event.v1"
accession: "0000073756-24-000125"
form_type: "8-K"
ticker: "OII"
cik: "0000073756"
company_name: "OCEANEERING INTERNATIONAL INC"
filed_at: "2024-07-24T23:59:59+00:00"
generated_at: "2026-05-31T17:39:35.977579+00:00"
event_type: "earnings"
sentiment: "positive"
materiality_score: 0.7
calibrated_materiality_score: 0.7
confidence: "high"
source: SEC EDGAR
---

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

## Summary
- 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.

## SEC filing metadata
- accession: 0000073756-24-000125
- form_type: 8-K
- ticker: OII
- cik: 0000073756
- company_name: OCEANEERING INTERNATIONAL INC
- filed_at: 2024-07-24T23:59:59+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/73756/000007375624000125/0000073756-24-000125-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/73756/000007375624000125/oii-20240724.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0000073756-24-000125
- JSON: https://secwatch.observer/filing/0000073756-24-000125.json
- Plain text: https://secwatch.observer/filing/0000073756-24-000125.txt

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