Oceaneering (OII) Misses Q3 EPS by 3c; offers guidance

Oceaneering (NYSE: OII) reported Q3 EPS of $0.40, $0.03 worse than the analyst estimate of $0.43. Revenue for the quarter came in at $679.81 million versus the consensus estimate of $693.66 million.

GUIDANCE

Revised full-year 2024 guidance and initial full-year 2025 guidance:

2024 consolidated adjusted EBITDA in the range of $340 million to $350 million
2025 consolidated EBITDA in the range of $400 million to $430 million
2025 free cash flow to exceed that generated in 2024

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

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