2024-05-02 16:32:24 ET
- Tidewater press release ( NYSE: TDW ): Q1 GAAP EPS of $0.89 beats by $0.32 .
- Revenue of $321M (+66.2% Y/Y) beats by $8.91M .
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- Average day rate increased to $19,563 per day, $1,497 higher than the fourth quarter of 2023
- Composite leading edge term contract day rate increased to $30,641
- Net income of $47.0 million, an increase of $9.4 million from the fourth quarter of 2023
- Adjusted EBITDA of $139.0 million, an increase of $7.7 million from the fourth quarter of 2023
- Net cash provided by operating activities of $54.8 million, an increase of $7.5 million from the fourth quarter of 2023
- Free cash flow of $69.4 million, an increase of $8.4 million from the fourth quarter of 2023
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Tidewater GAAP EPS of $0.89 beats by $0.32, revenue of $321M beats by $8.91M