Tidewater (TDW) Reports Q1 2025 Earnings with Revenue and Margin Growth
Tidewater (TDW) reported Q1 2025 earnings with revenue of $333.4 million, a 3% sequential decline due to seasonality but supported by higher day rates and utilization. The company maintained a gross margin of 50.1%, exceeding internal expectations, and achieved a record average day rate of $22,303.
Tickers: $TDW
Topics: adjusted EBITDA day rates earnings free cash flow gross margin revenue share repurchases utilization