Welcome to our dedicated page for Tidewater news (Ticker: $TDW), a resource for investors and traders seeking the latest updates and insights on Tidewater stock.
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Tidewater Inc. (NYSE:TDW) reported revenue of $321.2 million for the first quarter of 2024, marking a 6.1% increase from the previous quarter. The average day rate rose to $19,563 per day, with a composite leading edge term contract day rate of $30,641. Net income surged to $47.0 million, and adjusted EBITDA reached $139.0 million. Tidewater also saw improvements in free cash flow and announced a share repurchase program.