Oceaneering Expects FY24 Consolidated EBITDA Of $330M-$380M, Free Cash Flow Generation To Exceed That Generated In 2023
Portfolio Pulse from Benzinga Newsdesk
Oceaneering International, Inc. (OII) has projected its FY24 consolidated EBITDA to be between $330M and $380M, with free cash flow generation expected to surpass that of 2023.
October 25, 2023 | 9:12 pm
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POSITIVE IMPACT
Oceaneering International's FY24 EBITDA and cash flow projections could potentially boost investor confidence and positively impact its stock price in the short term.
Oceaneering's projected increase in EBITDA and cash flow for FY24 indicates a positive financial outlook, which could attract more investors and drive up the stock price. However, the actual impact will depend on various factors, including market conditions and investor sentiment.
CONFIDENCE 85
IMPORTANCE 80
RELEVANCE 100