secwatch.observer — SEC 8-K summary
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Issuer:     OCEANEERING INTERNATIONAL INC (OII)
CIK:        0000073756
Form:       8-K
Filed at:   2026-10-21T21:01:52+00:00
Accession:  0000073756-26-000152
Event type: earnings
Sentiment:  neutral
Materiality: 0.60
Item codes: 2.02, 9.01
LLM model:  deepseek-v4.1-flash:cloud@v2

Oceaneering Q3 revenue rises 6% to $785M; net income falls 26%; initiates 2027 EBITDA guide $430-480M
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- Revenue $785M (+6% YoY); operating income $92.2M (+7%); net income $52.6M (-26%); adjusted EBITDA $119M (+7%).
- Cash flow from operations $163M; free cash flow $142M; cash $735M vs $506M a year ago; repurchased 101,038 shares for ~$5.0M.
- SSR revenue $233M, operating income $75.4M (+16%), EBITDA margin 39%; ROV revenue/day $11,781; fleet utilization 65%.
- Manufactured Products revenue +8%, operating income $25.1M, margin 15%, backlog $435M, book-to-bill 0.77; ADTech revenue $135M (+7%), operating income $14.7M.
- Q4 2026 EBITDA guidance $85-95M; initial FY2027 EBITDA guidance $430-480M; issued $500M 6.875% senior notes due 2034, revolver expanded to $345M through July 2031.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/73756/000007375626000152/0000073756-26-000152-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/73756/000007375626000152/oii-20261021.htm
  HTML page:      https://secwatch.observer/filing/0000073756-26-000152

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