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Stock impact report

Tidewater Reports Results for the Three Months Ended March 31, 2020

Tidewater Inc. (TDW) 
Last tidewater inc. earnings: 8/9 04:24 pm Check Earnings Report
Company Research Source: Business Wire
HOUSTON--(BUSINESS WIRE)--Tidewater Inc. (NYSE:TDW) announced today revenue for the three months ended March 31, 2020, of $116.4 million compared with $122.1 million for the three months ended March 31, 2019, and net losses for the same periods of $18.4 million (or $0.46 per common share) and $21.7 million (or $0.58 per common share), respectively. Excluding long-lived asset impairments and one-time expenses, net losses for the three months ended March 31, 2020 and 2019 were $8.1 million (or $0.20 per common share) and $18.0 million (or $0.48) per common share), respectively.Quintin Kneen, Tidewater’s President and Chief Executive Officer, commented, “For the first quarter, we achieved higher day rates in all regions, lower operating costs in all regions, consequently, higher operating margins in all regions, and we achieved this at the lowest general and administrative cost level we have ever attained. That was last quarter, but it already feels like it was years ago.“Adjusted EB Show less Read more
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