Oceaneering International For FY24 Expects SSR Revenue Increase Is Expected To Be In The Low-To Mid-teens Percentage Range; Manufactured Products Book-to-bill Ratio Is Expected To Be In Range Of 1.1 To 1.3 For Full Year.
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Oceaneering International projects an increase in SSR revenue for FY24 in the low-to-mid-teens percentage range and anticipates its Manufactured Products book-to-bill ratio to be between 1.1 and 1.3 for the full year.
April 24, 2024 | 9:11 pm
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Oceaneering International expects an increase in SSR revenue for FY24 in the low-to-mid-teens percentage range and a Manufactured Products book-to-bill ratio between 1.1 and 1.3.
The projected increase in SSR revenue and a strong book-to-bill ratio for Manufactured Products indicate positive business momentum and financial health for Oceaneering International. This outlook is likely to be viewed positively by investors, potentially leading to an increase in stock price in the short term.
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