Oceaneering (OII) Tops Q4 EPS by 14c

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Go back to Oceaneering (OII) Tops Q4 EPS by 14c

Oceaneering Reports Fourth Quarter 2024 and Full Year 2024 Results

February 19, 2025 5:01 PM EST

HOUSTON--(BUSINESS WIRE)-- Oceaneering International, Inc. ("Oceaneering") (NYSE: OII) today reported fourth quarter and full year 2024 results.

Fourth Quarter 2024 Results

Revenue of $713 million, a 9% increase year over year Operating income of $77.9 million, a 64% increase year over year Net income of $56.1 million, a 26% increase year over year Adjusted EBITDA of $102 million, a 35% increase year over year Cash flow provided by operating activities of $128 million and free cash flow of $94.5 million, with an ending cash position of $498 million

Full Year 2024... More