Aug. 4 at 8:29 PM
$TDW Tidewater beats by
$0.94, beats on revs; guides FY25 revs in-line; Board approves new
$500 mln share repurchase program (48.91 1.38)
Reports Q2 (Jun) earnings of
$1.46 per share,
$0.94 better than the FactSet Consensus of
$0.52; revenues rose 0.6% year/year to
$341.4 mln vs the
$321.69 mln FactSet Consensus.
Average day rate of
$23,166 per day, an improvement of
$2,036 per day, or 9.6%, compared to the second quarter of 2024.
Co issues in-line guidance for FY25, sees FY25 revs of
$1.32-1.38 bln vs.
$1.34 bln FactSet Consensus.
Gross margin guidance of 48% to 50%.
Our Board of Directors has authorized a new share repurchase program of
$500 million
