Tidewater Inc. (TDW) Surpasses Q1 Revenue and Net Income Estimates
Written by Emily J. Thompson, Senior Investment Analyst
Updated: May 04 2024
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Source: Yahoo Finance
- Revenue: Tidewater Inc. reported Q1 2024 revenue of $321.2 million, exceeding estimates by 6.1%.
- Net Income: The company's net income reached $47.0 million, surpassing the estimated $33.62 million.
- Earnings Per Share (EPS): Tidewater achieved an EPS of $0.89 per share, significantly above the estimated $0.62.
- Free Cash Flow: Tidewater's free cash flow increased to $69.4 million, up $8.4 million from the previous quarter.
- Share Repurchases: The company reduced its share count by 492,258 shares through repurchases and authorized an additional $18.1 million for future repurchases.
About the author
Emily J. Thompson
Emily J. Thompson, a Chartered Financial Analyst (CFA) with 12 years in investment research, graduated with honors from the Wharton School. Specializing in industrial and technology stocks, she provides in-depth analysis for Intellectia’s earnings and market brief reports.
