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Oceaneering International (OII)
:OII
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Earnings Data
Report Date
Feb 20, 2025TBA Not Confirmed
Period Ending
2024 (Q4)Consensus EPS Forecast
0.4Last Year’s EPS
0.19Same Quarter Last Year
Based on 4 Analysts Ratings
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Earnings Call Summary
Earnings Call Date:Oct 24, 2018
|% Change Since: 14.85%
|Next Earnings Date:Jul 25, 2018
Earnings Call Sentiment|Neutral
The earnings call presented a mixed outlook. While there were strong financial performances in adjusted EBITDA, free cash flow, and specific segments like Subsea Robotics and Manufactured Products, challenges such as the impact of hurricanes and declines in OPG and ADTech were noted. The positive outlook for 2025 adds optimism.Company Guidance
During the Oceaneering's Q3 2024 earnings call, the company reported several key metrics, highlighting its resilience despite challenging conditions such as two hurricanes in the Gulf of Mexico. The company achieved an adjusted EBITDA of $98.1 million, aligning with guidance and consensus estimates, and generated a free cash flow of $67 million. The Subsea Robotics (SSR) segment saw an EBITDA margin expansion to 36%, supported by improved ROV pricing and execution, while the Manufactured Products segment posted a 37% increase in operating income on a 17% revenue rise. Oceaneering also reported a net income of $41.2 million or $0.40 per share on revenues of $680 million, and adjusted net income of $37.2 million or $0.36 per share. The company ended the quarter with a cash balance of $452 million and repurchased 422,229 shares for approximately $10 million. Looking ahead, Oceaneering provided a 2025 EBITDA guidance range of $400 million to $430 million, projecting a 20% increase over the midpoint of the revised 2024 guidance, driven by revenue growth and improved operating margins across all segments.Strong Adjusted EBITDA and Free Cash Flow
Oceaneering delivered $98.1 million in adjusted EBITDA, which was in line with guidance and consensus estimates. The company also generated healthy free cash flow of $67 million.
Subsea Robotics Performance
Subsea Robotics EBITDA margins expanded to 36%, with operating income 37% higher on a 9% increase in revenue, and operating income margins improving by 623 basis points compared to Q3 2023.
Manufactured Products Growth
Operating income for Manufactured Products increased by 37% on a 17% revenue increase, with a backlog of $671 million, up $115 million from Q3 2023.
Share Repurchase Program
Repurchased 422,229 shares for approximately $10 million during Q3 2024.
Positive 2025 Outlook
Initiating 2025 EBITDA guidance in the range of $400 million to $430 million, representing a 20% increase over the midpoint of revised adjusted EBITDA guidance for 2024.
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OII Earnings History
The table shows recent earnings report dates and whether the forecast was beat or missed. See the change in forecast and EPS from the previous year.
Beat
Missed
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OII Earnings-Related Price Changes
Report Date | Price 1 Day Before | Price 1 Day After | Percentage Change |
|---|---|---|---|
| Oct 23, 2024 | $23.23 | $24.63 | +6.03% |
| Jul 24, 2024 | $25.45 | $28.95 | +13.75% |
| Apr 24, 2024 | $23.05 | $24.55 | +6.51% |
| Feb 22, 2024 | $22.53 | $21.97 | -2.49% |
Earnings announcements can affect a stock’s price. This table shows the stock's price the day before and the day after recent earnings reports, including the percentage change.
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FAQ
When does Oceaneering International (OII) report earnings?
Oceaneering International (OII) is schdueled to report earning on Feb 20, 2025, TBA Not Confirmed.
What is Oceaneering International (OII) earnings time?
Oceaneering International (OII) earnings time is at Feb 20, 2025, TBA Not Confirmed.
Where can I see when companies are reporting earnings?
You can see which companies are reporting today on our designated earnings calendar.
What companies are reporting earnings today?
You can see a list of the companies which are reporting today on TipRanks earnings calendar.
What is OII EPS forecast?
OII EPS forecast for the fiscal quarter 2024 (Q4) is 0.4.
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