Oceaneering (OII) Tops Q1 EPS by 5c, confirms prior guidance

Oceaneering (NYSE: OII) reported Q1 EPS of $0.15, $0.05 better than the analyst estimate of $0.10. Revenue for the quarter came in at $599.09 million versus the consensus estimate of $594.02 million.

Guidance:

Confirmed prior 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

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

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