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Tidewater Inc. (TDW)
NYSE:TDW
Earnings Data
Report Date
May 01, 2025TBA Not Confirmed
Period Ending
2025 (Q1)Consensus EPS Forecast
0.68Last Year’s EPS
0.89Same Quarter Last Year
Moderate Buy
Based on 2 Analysts Ratings
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Earnings Call Summary
Earnings Call Date:Feb 27, 2025
|% Change Since: -6.13%
|Next Earnings Date:May 01, 2025
Earnings Call Sentiment|Neutral
Tidewater Inc. had a strong financial performance in 2024 with significant revenue growth, increased day rates, and successful share repurchases. While the long-term outlook remains positive, 2025 is expected to face challenges with muted demand growth, regional performance disparities, and pressure on day rates. The company's strategy remains focused on disciplined capital allocation and opportunistic share repurchases.Company Guidance
During the Tidewater Inc. Q4 and Full Year 2024 Earnings Conference Call, the company provided guidance for 2025, highlighting a revenue range of $1.32 to $1.38 billion and a gross margin of 48% to 50%. Tidewater anticipates a slight improvement in 2025 compared to 2024, with the midpoint of revenue guidance supported by approximately 81% of already secured backlog and options. The company expects a first-quarter revenue decline of about 6% due to seasonal weakness but foresees a material uplift in utilization by the third quarter. In terms of financial performance, 2024 saw a 33% increase in revenue, with net income nearly doubling and adjusted EBITDA growing by nearly 50%. Tidewater also marked the year with significant shareholder returns, repurchasing $91 million of shares and managing down net debt by $149 million, ending the year with $310 million in net debt. For 2025, Tidewater plans to continue its disciplined capital allocation strategy, focusing on value-accretive actions to enhance shareholder value, including a newly authorized $90.3 million share repurchase capacity.Significant Financial Improvements in 2024
Revenue grew 33% year over year, average day rates increased by nearly $4,500 per day, net income nearly doubled, adjusted EBITDA grew by nearly 50%, free cash flow tripled, and net debt was lowered by $149 million.
Successful Share Repurchase Program
Tidewater actively returned capital to shareholders for the first time since 2018, repurchasing $91 million of shares in the open market during 2024 and using $119 million of cash to manage down the number of shares outstanding.
Strong Free Cash Flow Generation
Tidewater generated $131 million of free cash flow in 2024 and has plans for substantial free cash flow generation in 2025.
New Share Repurchase Authorization
The Board of Directors authorized an additional $90.3 million of share repurchase capacity as of the call date.
Positive Long-term Outlook for Offshore Vessel Demand
Despite a more muted growth in offshore drilling activity for 2025, demand for offshore vessels is expected to increase beyond 2025, driven by subsea demand and FPSO activity.
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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 |
|---|---|---|---|
| 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% |
| May 02, 2024 | $93.89 | $106.51 | +13.44% |
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 May 01, 2025, TBA Not Confirmed.
What is Tidewater Inc. (TDW) earnings time?
Tidewater Inc. (TDW) earnings time is at May 01, 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 (Q1) is 0.68.
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