Tidewater Inc Stock Price, News & Analysis

Tidewater (NYSE: TDW) has scheduled its Q1 2025 earnings release for Monday, May 5, 2025, after market close. The company will host an earnings conference call on Tuesday, May 6, 2025, at 8:00 a.m. Central Time, featuring President and CEO Quintin Kneen.

Investors can join via phone by calling +1.800.715.9871 (US/Canada) or +1.647.932.3411 (international) using Conference ID: 8745688. A live webcast will be available on the company's investor relations website at investor.tdw.com, with a replay accessible after 11:00 a.m. Central Time.

As the industry's largest offshore support vessel fleet operator with over 65 years of experience, Tidewater supports offshore energy exploration, production, and wind activities worldwide. The company notes that forward-looking statements involve various risks and uncertainties that may affect actual performance.

Tidewater (NYSE:TDW) reported strong financial results for 2024, with revenue reaching $1,345.8 million, up 33.3% from 2023. The company's performance showed significant improvements across key metrics, including:

- Net income increased 85.9% to $180.7 million
- Average day rate rose 26.6% to $21,273 per day
- Adjusted EBITDA grew 44.7% to $559.6 million
- Free cash flow surged 197.1% to $331.0 million

For Q4 2024, revenue was $345.1 million with net income of $36.9 million, though results were impacted by a $14.3 million foreign exchange loss. The company repurchased 864,104 shares for $44.1 million during Q4. Looking ahead, Tidewater provided 2025 revenue guidance of $1.32-1.38 billion with gross margin guidance of 48-50%.

Tidewater Inc. (NYSE: TDW) has scheduled its Q4 and full-year 2024 earnings release for Thursday, February 27, 2025, after market close. The company will host an earnings conference call on Friday, February 28, 2025, at 8:00 a.m. Central Time, where CEO Quintin Kneen will discuss the financial results.

Investors can join the call via telephone at +1.800.715.9871 (US/Canada) or +1.647.932.3411 (international) using Conference ID: 5089610. A live webcast will be available on Tidewater's investor relations website, with a replay accessible after 11:00 a.m. Central Time.

Tidewater operates the industry's largest fleet of offshore support vessels, with over 65 years of experience supporting offshore energy exploration, production, and wind activities worldwide.

Tidewater Inc. (NYSE:TDW) reported Q3 2024 revenue of $340.4 million, with net income of $46.4 million ($0.87 per share) and Adjusted EBITDA of $142.6 million. The average day rate increased to $22,275, up $1,145 from the previous quarter. The company generated $49.1 million in operating cash flow and $67.0 million in free cash flow. Tidewater repurchased 189,738 shares for $15.0 million and received board approval for an additional $10.1 million share repurchase authorization. The company updated its 2024 revenue guidance to $1.33-1.35 billion with a 48% gross margin.

Tidewater (NYSE: TDW) has scheduled its Q3 2024 earnings release for Thursday, November 7, 2024, after market close. The company will host an earnings conference call on Friday, November 8, 2024, at 8:00 a.m. Central Time, featuring President and CEO Quintin Kneen discussing the quarterly results. Investors can join via telephone at +1.800.715.9871 (US/Canada) or +1.647.932.3411 (international) using Conference ID: 6513877. A live webcast and replay will be available on Tidewater's investor relations website.

Tidewater Inc. (NYSE:TDW) reported strong Q2 2024 results, with revenue increasing 5.6% to $339.2 million from Q1 2024. The company saw a significant rise in average day rates, reaching $21,130 per day, up $1,567 from Q1. Net income grew to $50.4 million, while Adjusted EBITDA reached $139.7 million. Free cash flow increased by $18.2 million to $87.6 million. Tidewater repurchased 176,555 shares and received board approval for an additional $13.9 million share repurchase authorization. The company updated its 2024 revenue guidance to $1.39 to $1.41 billion with a gross margin guidance of 51%.

Tidewater Inc. (NYSE: TDW) has announced its upcoming earnings release and conference call schedule. The company will release its financial results for the second quarter ending June 30, 2024, on Tuesday, August 6, 2024, after the market closes. An earnings conference call is scheduled for Wednesday, August 7, 2024, at 8:00 a.m. Central Time.

During the call, President and CEO Quintin Kneen will discuss the company's Q2 2024 results. Investors can join the call via telephone or listen to a live webcast on Tidewater's website. A replay of the conference call will be available from 11:00 a.m. Central Time on August 7, 2024, in the Investor Relations section of the company's website.

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.