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Oceaneering Reports Fourth Quarter 2024 and Full Year 2024 Results

1. OII reports Q4 2024 revenue of $713M, up 9% YoY. 2. Operating income rises 64% YoY to $77.9M; net income climbs 26%.

Earnings
-4.09%Current Return
VS
-0.39%S&P 500
$25.1802/19 05:08 PM EDTEvent Start
$24.1502/20 11:31 PM EDTLatest Updated
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FAQ

Why Bullish?

The strong revenue and income growth suggest increasing operational efficiency, similar to past performance spikes.

How important is it?

The substantial financial growth indicates positive momentum for OII's stock and investor interest.

Why Short Term?

Immediate results could impact investor sentiment and stock price in the upcoming quarter.

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OII
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.

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