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Stock impact report

Oceaneering Reports Fourth Quarter 2024 and Full Year 2024 Results

Oceaneering International, Inc. (OII) 
Last oceaneering international, inc. earnings: 2/24 05:01 pm Check Earnings Report
Company Research Source: Business Wire
HOUSTON--(BUSINESS WIRE)--Oceaneering International, Inc. ("Oceaneering") (NYSE:OII) today reported fourth quarter and full year 2024 results.Fourth Quarter 2024 ResultsRevenue of $713 million, a 9% increase year over yearOperating income of $77.9 million, a 64% increase year over yearNet income of $56.1 million, a 26% increase year over yearAdjusted EBITDA of $102 million, a 35% increase year over yearCash flow provided by operating activities of $128 million and free cash flow of $94.5 million, with an ending cash position of $498 millionFull Year 2024 ResultsRevenue of $2.7 billion, a 10% increase year over yearOperating income of $246 million, a 36% increase year over yearNet income of $147 million, a 51% increase year over yearAdjusted EBITDA of $347 million, a 20% increase year over yearCash flow provided by operating activities of $203 million and free cash flow of $96.1 millionShare repurchases of 825,427 for approximately $20.0 million, including 403,198 shares repurchase Show less Read more
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