secwatch.observer — SEC 8-K summary
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Issuer:     OCEANEERING INTERNATIONAL INC (OII)
CIK:        0000073756
Form:       8-K
Filed at:   2024-07-24T23:59:59+00:00
Accession:  0000073756-24-000125
Event type: earnings
Sentiment:  positive
Materiality: 0.70
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/73756/000007375624000125/0000073756-24-000125-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/73756/000007375624000125/oii-20240724.htm
  HTML page:      https://secwatch.observer/filing/0000073756-24-000125

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