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Dec 31, 2024
Oceaneering Q4 2024 Earnings Report
Oceaneering reported strong fourth-quarter results with significant revenue and income growth.
Key Takeaways
Oceaneering delivered a strong Q4 2024 performance with a 9% year-over-year increase in revenue, reaching $713.45 million. Operating income surged 64% to $77.88 million, and net income rose 26% to $56.1 million. Adjusted EBITDA crossed the $100 million mark for the first time since 2016, highlighting the company’s robust operational efficiency.
Revenue grew 9% year over year to $713.45 million.
Operating income increased 64% to $77.88 million.
Net income rose 26% to $56.1 million.
Adjusted EBITDA surpassed $100 million for the first time since 2016.
Revenue by Segment
Forward Guidance
Oceaneering expects continued revenue and operating income growth across all segments in 2025, with increased profitability projected for key business units.
Positive Outlook
- Revenue growth expected across all segments.
- Operating income projected to rise in each business unit.
- Integration of Global Design Innovation Ltd. to expand market reach.
- Strong backlog and sales pipeline to drive 2025 performance.
- Adjusted EBITDA guidance between $380 million and $430 million.
Challenges Ahead
- Geopolitical uncertainties may impact revenue projections.
- Potential cost increases from ERP system implementation.
- Challenges in Mobile Robotics segment affecting backlog.
- Cash flow margin expected to decline slightly due to capital expenditures.
Revenue & Expenses
Visualization of income flow from segment revenue to net income
Historical Earnings Impact
Analyze how earnings announcements historically affect stock price performance
Avg. Return Before/After Earnings
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