Oceaneering (OII) Misses Q4 EPS by 6c, provides guidance

Oceaneering (NYSE: OII) reported Q4 EPS of $0.19, $0.06 worse than the analyst estimate of $0.25. Revenue for the quarter came in at $654.63 million versus the consensus estimate of $624.81 million.

Guidance for 2024:

Net income is expected in the range of $125 million to $155 million
Consolidated EBITDA is expected in the range of $330 million to $380 million
Free cash flow generation is expected in the range of $110 million to $150 million
Capital expenditures are expected in the range of $110 million to $130 million
First quarter consolidated EBITDA is expected in the range of $50 million to $60 million

For earnings history and earnings-related data on Oceaneering (OII) click here.

You May Also Be Interested In

• Goldman Sachs Downgrades Norsk Hydro SA (NHY:NO) (NHYDY) to Neutral
• Bristol Myers Squibb MS CAR T therapy data shows patients off DMTs
• Truist names top clean energy stocks to watch ahead of Q3 earnings season