Tidewater Adopts Tax Benefits Preservation Plan to Protect Net Operating Loss Carryforwards and Foreign Tax Credits
Tidewater Inc. (TDW)
Last tidewater inc. earnings: 8/9 04:24 pm
Check Earnings Report
US:NYSE Investor Relations:
phx.corporate-ir.net/phoenix.zhtml?c=81406&p=irol-irhome_pf
Company Research
Source: Business Wire
HOUSTON--(BUSINESS WIRE)--Tidewater Inc. (“the Company,” NYSE: TDW), announced today that its Board of Directors (the “Board”) has adopted a Tax Benefits Preservation Plan (the “Plan”) as a measure to protect the Company’s existing net operating loss carryforwards and foreign tax credits (“Tax Attributes”) and to reduce its potential future tax liabilities. As of December 31, 2019, the Company had net operating loss carryforwards of approximately $300 million and foreign tax credits of approximately $388 million. “Our Board adopted the Plan to protect the Company’s substantial Tax Attributes from being limited, which could have a negative impact on stockholder value,” stated Tidewater President and Chief Executive Officer Quintin Kneen. “Our Plan is consistent with actions taken by other companies with significant Tax Attributes and has been structured to protect our ability to maximize the use of our Tax Attributes to offset future tax liabilities. The Plan has a limited life of
Show less
Read more
Impact Snapshot
Event Time:
TDW
Last Price
Price Change
Price Change%
Volume Shares
Max Up
Max Down
%
Volume Ratio
Performance Comparison
Updated
|
Event Day
Stock performance from the time of news release until the following 4pm ET market close
|
Last price at news event
|
Since Event
Multi-day stock performance from the time of the news release
|
|---|---|---|
|
EVENT DAY
Stock performance from the time of news release until the following 4pm ET market close
|
LAST
PRICE AT NEWS EVENT |
SINCE EVENT
Multi-day stock performance from the time of the news release
|
| Last Price | ||
| VWAP | ||
|
High:
|
Max Up |
High:
|
|
Low:
|
Max Down |
Low:
|
|
%
|
Post news range |
%
|
|
|
Price change |
|
|
|
Price Change Percentage |
|
|
|
S&P 500 (SPX) |
|
|
%
|
Volume ratio |
%
|
| Volume | ||
| Ticks | ||
|
|
Avg transaction size |
|
Don't Miss Out On The Next BIG Stock Move
Event day
Event Day Chart will not be displayed beyond 90-day period of the event
Performance since event
Time And Velocity Analysis
Be the first to know
Opt in for alerts from News Quantifed
Sign Up Today
Opt-in for
TDW alerts
Learn More With NQ
Reading the Impact Report
Help Me Understand This Data
Help Me Understand This Data
How NQ Works
What is news-based trading?
And why is it so successful?
And why is it so successful?
Movers & Shakers
The biggest gainers and losers and WHY it moved
TDW alerts
High impacting Tidewater Inc. news events
Weekly update
A roundup of the hottest topics
TDW
News
- Tidewater Reports Results for the Three Months Ended March 31, 2024Business Wire
- Here's Why Praetorian Capital Added Tidewater (TDW) [Yahoo! Finance]Yahoo! Finance
- Tidewater Announces Earnings Release and Conference CallBusiness Wire
- Those who invested in Tidewater (NYSE:TDW) three years ago are up 665% [Yahoo! Finance]Yahoo! Finance
- Tidewater Inc. (NYSE: TDW) had its price target raised by analysts at BTIG Research from $90.00 to $110.00. They now have a "buy" rating on the stock.MarketBeat
TDW
Earnings
- 5/2/24 - Beat
TDW
Sec Filings
- 5/2/24 - Form 8-K
- 5/2/24 - Form 10-Q
- 4/26/24 - Form ARS
- TDW's page on the SEC website