earnings
confidence high
sentiment positive
materiality 0.80
Oceaneering Q4 2024 beats; revenue $713M, adj EBITDA $102M; FY25 EBITDA guidance $380M-$430M
OCEANEERING INTERNATIONAL INC
2024-FY EPS reported
$1.44
revenue$2,661,161,000
- Q4 revenue $713M (+9% YoY), operating income $77.9M (+64%), net income $56.1M (+26%), adj EBITDA $102M (+35%).
- FY2024 revenue $2.7B (+10%), net income $147M (+51%), free cash flow $96.1M, share repurchases $20M.
- SSR ROV avg revenue per day up 12% to $10,786; OPG operating margin improved to 21% from 9%.
- FY2025 guidance: EBITDA $380-$430M, net income $160-$190M, FCF $110-$130M, capex $130-$140M.
- Acquired Global Design Innovation Ltd. (digital/software) in Q4; Q1 2025 EBITDA guidance $80-$90M.