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Tidewater Inc (NYSE: TDW) delivers essential marine support services for global energy projects through its modern fleet of offshore vessels. This news hub provides investors and industry professionals with direct access to official company announcements and operational updates.
Find timely updates on strategic initiatives, fleet deployments, and partnership developments critical to offshore energy operations. Our curated collection includes press releases covering contract awards, safety milestones, and sustainability efforts across all operational regions.
Key content categories include quarterly earnings disclosures, vessel acquisition announcements, and operational updates from major energy basins. Track Tidewater's role in supporting both traditional hydrocarbon projects and emerging renewable energy installations.
Bookmark this page for streamlined access to Tidewater's latest corporate developments. Combine these verified updates with market analysis tools to better understand marine service sector dynamics.
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.
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