Tidewater Issues 2027 Revenue Guidance of $1.70B-$1.75B Amid Rising Day Rates
Tidewater Inc. (TDW) has provided long-term financial guidance for 2027, projecting annual revenue between $1.70 billion and $1.75 billion. The company expects to maintain gross margins in the range of 51% to 53%, bolstered by the recent closure of the Wilson Sons transaction. Management highlighted significant operational momentum during the Q3 2026 earnings call, noting that leading-edge day rates have increased for three consecutive quarters. This upward trend in pricing is expected to serve as a primary driver for sustained revenue and gross margin expansion moving forward.
Tickers: $TDW
Topics: day rates gross margin quarterly earnings revenue growth
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Part of the story Tidewater Reports Q3 GAAP EPS Miss Amid Steady Revenue and Rising Day Rates (2 articles)