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Income Statement (USD)
Q2 '24 | QoQ | |
---|---|---|
Revenue | 669M | 11.6% |
Gross Profit | 120M | 30.1% |
Cost of Revenue | 549M | 8.3% |
Operating expense | 64M | 7.4% |
Net Income | 35M | 131.2% |
EBITDA | 114M | 153.2% |
Balance Sheet (USD)
Q2 '24 | QoQ | |
---|---|---|
Total Assets | 2.3B | 3.4% |
Total Liabilities | 1.65B | 3% |
Total Equity | 651M | 4.5% |
Shares Outstanding | 111M | 0% |
Cash Flow (USD)
Q2 '24 | QoQ | |
---|---|---|
Cash from operations | 53M | 175.5% |
Cash from investing | -20M | 13.8% |
Cash from financing | 450,000 | 106.1% |
EPS
Financial Highlights for Oceaneering International in Q2 '24
Oceaneering International reported a revenue of 669M, which is a 11.6% change from the previous quarter. An increase in revenue typically indicates growing demand for the company's products or services. This positive change in revenue is a good sign, suggesting that the company's sales are moving in the right direction.
Gross Profit stood at 120M, marking a 30.1% change since the last quarter. Gross profit showcases the efficiency in production and sales processes.
Cost of Revenue was 549M, a 8.3% difference from the previous quarter. A rising cost of revenue may suggest increased production or sales costs, which can impact margins. However, if accompanied by a proportionate rise in revenue, it could indicate scaling operations.
Operating Expenses for this period were 64M, showing a 7.4% change from the last quarter. Operating expenses cover the costs of running daily business operations. A significant increase might indicate inefficiencies or investments in growth, while a decrease could suggest cost-saving measures or potential underinvestment in key areas.
Net Income for the quarter was 35M, showing a 131.2% change from the prior quarter. Net income provides a clear picture of the company's profitability after all expenses. An increase suggests the company is becoming more profitable, while a decrease may raise concerns about the company's financial health, unless there are specific one-time costs or investments.
The company's EBITDA for the quarter was 114M, showing a 153.2% change from the previous period. EBITDA gives insight into the company's operational profitability, excluding non-operating expenses like interest and taxes. A rising EBITDA indicates strong operational performance, while a declining EBITDA may signal operational challenges or increased costs.
It was a positive quarter for Oceaneering International with growth in revenue, gross profit, and net income. Higher operating expenses might indicate increased investments or potential inefficiencies.