Tidewater Reports Strong Q3 Earnings with Higher Revenue and Gross Margin
Tidewater (TDW) reported third-quarter revenue of $341.1 million, exceeding expectations due to higher-than-expected average day rates and better utilization. The company achieved a gross margin of 48%, surpassing guidance by approximately 200 basis points.
Tickers: $TDW
Topics: earnings free cash flow gross margin revenue