When did Oceaneering International report Q2 2024 earnings?

Oceaneering International (OII) reported Q2 2024 earnings on July 24, 2024 after market close.

What were Oceaneering International's Q2 2024 revenue and EPS?

Oceaneering International reported revenue of $668.8M and eps of $0.34 for Q2 2024.

Did Oceaneering International beat estimates in Q2 2024?

Revenue beat the consensus estimate of $653.5M by $15.3M. EPS beat the consensus estimate of $0.31 by $0.03.

Where can I find Oceaneering International's Q2 2024 SEC filings?

You can read the 10-Q periodic report (0000073756-24-000129) directly on SEC EDGAR. The filing index links above go to sec.gov.

Oceaneering International OII Q2 2024 earnings

Reported July 24, 2024 · After market close

Revenue$668.8MBeat by $15.3M

EPS$0.34Beat by $0.03

Revenue estimate$653.5M

EPS estimate$0.31

Next report

Oct 28, 2026 (in 3 months)

Revenue estimate$753.4M

EPS estimate$0.53

Financials

Q2 2024

Income statement

See full

Revenue$668.8M+11.9%

Gross profit$120.2M+18.9%

Operating income$60.4M+22.7%

Net income$35.0M+84.2%

EPS (diluted)$0.34+78.9%

Balance sheet

See full

Cash & equivalents$382.9M-24.0%

Total debt$893.2M-6.9%

Total equity$651.0M+19.4%

Total assets$2.3B+6.5%

Cash flow

See full

Operating cash flow$52.6M+157%

CapEx$22.9M+1.9%

Free cash flow$29.8M+1,606%

Valuation & ratios

Valuation

as of 06/30/24

See full

Market cap$2.39B+26.8%

Enterprise value$2.9B+24.0%

P/E19.2×-10.0×

P/S0.9×+0.1×

Profitability

See full

Gross margin16.9%+0.6pp

Operating margin7.9%+0.5pp

Net margin4.9%+2.0pp

FCF margin4.2%-2.0pp

Returns & leverage

See full

Return on equity20.8%+8.1pp

Debt / equity1.4×-0.4×

Current ratio1.7×-0.5×

Segments

By segment

See full

Subsea Robotics Member$215.0M+15.3%

Offshore Projects Group$144.1M+10.3%

Manufactured Products Member$139.3M+11.6%

Aerospace and Defense Technologies Member$97.0M+4.5%

Integrity Managements & Digital Solutions Member$73.5M+16.3%

By geography

See full

Non-US$384.7M+16.4%

Africa$114.1M+45.8%

Asia Pacific$53.5M-7.3%

Other Geographical$38.5M-12.2%

By product

See full

Service$524.6M+9.3%

Versus estimates

Revenue

Q2 2026$768.2MBeat by $32.5M Q1 2026$692.4MBeat by $21.6M Q4 2025$668.6MMiss by $5.6M Q3 2025$742.9MBeat by $64.7M Q2 2025$698.2MMiss by $2.0M Q1 2025$674.5MBeat by $23.2M

Diluted EPS

Q2 2026$0.65Beat by $0.19 Q1 2026$0.30Miss by $0.05 Q4 2025$0.45Beat by $0.14 Q3 2025$0.55Beat by $0.13 Q2 2025$0.49Beat by $0.07 Q1 2025$0.43Beat by $0.07

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Questions, answered.

When did Oceaneering International report Q2 2024 earnings?: Oceaneering International (OII) reported Q2 2024 earnings on July 24, 2024 after market close.
What were Oceaneering International's Q2 2024 revenue and EPS?: Oceaneering International reported revenue of $668.8M and eps of $0.34 for Q2 2024.
Did Oceaneering International beat estimates in Q2 2024?: Revenue beat the consensus estimate of $653.5M by $15.3M. EPS beat the consensus estimate of $0.31 by $0.03.
Where can I find Oceaneering International's Q2 2024 SEC filings?: You can read the 10-Q periodic report (0000073756-24-000129) directly on SEC EDGAR. The filing index links above go to sec.gov.