India, Oct. 21 -- Oceaneering International, Inc. (OII) reported third-quarter net income attributable to the company of $52.6 million or $0.52 per share, down 26% from $71.3 million or $0.71 per share last year.

Revenue increased 6% to $784.6 million from $742.9 million.

For the fourth quarter, Oceaneering expects revenue to increase year over year and EBITDA of $85 million to $95 million.

The company initiated full-year 2027 EBITDA guidance of $430 million to $480 million and expects free cash flow to exceed its forecast for 2026.

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