secwatch.observer — SEC 8-K summary
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Issuer:     OCEANEERING INTERNATIONAL INC (OII)
CIK:        0000073756
Form:       8-K
Filed at:   2024-10-23T23:59:59+00:00
Accession:  0000073756-24-000155
Event type: earnings
Sentiment:  positive
Materiality: 0.75
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Oceaneering Q3 net income $41.2M ($0.40 EPS); raises FY 2024 adj. EBITDA guidance to $340M-$350M
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- Net income $41.2M, diluted EPS $0.40; adjusted EPS $0.36 on revenue $680M.
- SSR op income up 37% YoY; Manufactured Products op income up 37% on 17% rev growth; backlog $671M.
- Revised FY2024 adj. EBITDA guidance to $340M-$350M (midpoint $345M, +19% YoY).
- Initial FY2025 EBITDA guidance $400M-$430M; free cash flow expected to exceed FY2024.
- Repurchased 422,229 shares for ~$10M in Q3; ending cash $452M.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/73756/000007375624000155/0000073756-24-000155-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/73756/000007375624000155/oii-20241023.htm
  HTML page:      https://secwatch.observer/filing/0000073756-24-000155

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