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AI brief of an SEC Form 8-K · Oceaneering International (OII)

Oceaneering Q3 2024 net income rises to $41.2 million, or $0.40 per share

Positive Impact 3 of 5 earnings Written later

Oceaneering reported third-quarter 2024 net income of $41.2 million, or $0.40 per diluted share, on revenue of $680 million, compared with net income of $29.8 million, or $0.29 per share, on revenue of $635 million a year earlier. The company revised its full-year 2024 adjusted EBITDA guidance to $340 million to $350 million and gave initial 2025 consolidated EBITDA guidance of $400 million to $430 million.

Key points

  • Q3 2024 net income $41.2 million and diluted EPS $0.40, versus $29.8 million and $0.29 in Q3 2023
  • Q3 2024 revenue $680 million, up from $635 million a year earlier; adjusted net income was $37.2 million, or $0.36 per share
  • Revised 2024 consolidated adjusted EBITDA guidance of $340 million to $350 million; initial 2025 consolidated EBITDA guidance of $400 million to $430 million
  • Repurchased 422,229 shares for approximately $10 million in the quarter, the first share repurchases since 2015

The filing

CompanyOceaneering International (OII)
Form8-K, current report
Filed with the SECOct 23, 2024, 5:02 PM ET
Accession number0000073756-24-000155

Items reported: 2.02 Results of Operations

Read the filing on SEC.gov ↗

Written by AI on Nov 8, 2026, 1:38 AM ET, from this filing only. Written later: this filing was briefed after the fact, when past filings were added to the site, so the brief may be read with hindsight; the filing itself is the record of what was known on October 23, 2024.

Briefs are written by AI from the filing text and can contain mistakes — open the filing before acting on anything. Impact (1-5) and tone are the AI's reading of the filing for shareholders, not a price forecast. Not investment advice.