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Tidewater Inc. (TDW)
NYSE:TDW
Earnings Data
Report Date
Aug 11, 2025TBA Not Confirmed
Period Ending
2025 (Q2)Consensus EPS Forecast
0.67Last Year’s EPS
0.94Same Quarter Last Year
Moderate Buy
Based on 3 Analysts Ratings
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Earnings Call Summary
Earnings Call Date:May 05, 2025
|% Change Since: 3.74%
|Next Earnings Date:Aug 11, 2025
Earnings Call Sentiment|Positive
The earnings call highlighted strong revenue and gross margin performance, record day rates, and successful share repurchases, indicating a positive start to the year. However, challenges in the North Sea and Mexico, high drydock expenditures, and receivables issues in Mexico were noted as concerns.Company Guidance
During the Tidewater Q1 2025 earnings call, the company reported a first quarter revenue of $333.4 million, with gross margins exceeding 50% for the second consecutive quarter. The average day rates set a quarterly record of $22,303, surpassing expectations by over $500 per day. Tidewater generated approximately $95 million in free cash flow, marking the second-highest quarterly figure since the offshore recovery began, despite incurring over $30 million in additional drydock and capital expenditures compared to the previous quarter. The company fully utilized its $90 million share repurchase authorization, reducing the outstanding share count by 2.5 million shares. For 2025, Tidewater reiterated its full-year revenue guidance of $1.32 billion to $1.38 billion and a gross margin range of 48% to 50%. The company expects a sequential revenue decline of about 5% in Q2, with a gross margin of 44%, but anticipates improved utilization and margins in the latter half of the year. The global market outlook remains positive, with strong performance in regions like Brazil and the Middle East, while challenges persist in the North Sea and Mexico.Strong Revenue and Gross Margin Performance
First quarter revenue came in at $333.4 million, exceeding expectations due to higher average day rates and better utilization. Gross margin was over 50% for the second consecutive quarter.
Record Day Rates and Utilization
Day rates set a new quarterly record at $22,303, outperforming expectations by more than $500 per day. Utilization improvements contributed to the strong performance.
Significant Free Cash Flow Generation
The first quarter generated about $95 million of free cash flow, the second-highest quarterly figure since the offshore recovery began, despite higher drydock and capital expenditures.
Successful Share Repurchase Program
The company fully utilized the $90 million of share repurchase activity available under existing debt agreements, repurchasing 2.3 million shares at an average price of $39.31.
Positive Market Outlook
The company sees signs of strength in intermediate to long-term plans for customers, with long-term contracts indicating continued conviction by customers.
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TDW Earnings History
The table shows recent earnings report dates and whether the forecast was beat or missed. See the change in forecast and EPS from the previous year.
Beat
Missed
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TDW Earnings-Related Price Changes
Report Date | Price 1 Day Before | Price 1 Day After | Percentage Change |
|---|---|---|---|
| May 05, 2025 | $38.01 | $40.23 | +5.84% |
| Feb 27, 2025 | $48.60 | $45.62 | -6.13% |
| Nov 07, 2024 | $64.15 | $56.07 | -12.60% |
| Aug 06, 2024 | $88.15 | $84.94 | -3.64% |
Earnings announcements can affect a stock’s price. This table shows the stock's price the day before and the day after recent earnings reports, including the percentage change.
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FAQ
When does Tidewater Inc. (TDW) report earnings?
Tidewater Inc. (TDW) is schdueled to report earning on Aug 11, 2025, TBA Not Confirmed.
What is Tidewater Inc. (TDW) earnings time?
Tidewater Inc. (TDW) earnings time is at Aug 11, 2025, TBA Not Confirmed.
Where can I see when companies are reporting earnings?
You can see which companies are reporting today on our designated earnings calendar.
What companies are reporting earnings today?
You can see a list of the companies which are reporting today on TipRanks earnings calendar.
What is TDW EPS forecast?
TDW EPS forecast for the fiscal quarter 2025 (Q2) is 0.67.
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