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Tidewater Reports Results for the Three and Twelve Months Ended December 31, 2024

1. Tidewater Inc. reported increased quarterly and annual revenues and net income. 2. TDW's net income rose significantly compared to the previous year's earnings.

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$48.602/27 04:42 PM EDTEvent Start
$45.6202/28 11:00 PM EDTLatest Updated
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FAQ

Why Bullish?

The substantial rise in both revenue and net income indicates strong financial performance, positively influencing investor sentiment. Historically, companies that report such earnings growth often see their stock prices rise, as seen in similar scenarios within the industry.

How important is it?

The reported financial figures demonstrate growth and improved profitability, likely driving positive investor sentiment and interest in TDW shares. The importance score reflects the impact of earnings on stock prices in the immediate aftermath of such announcements.

Why Short Term?

The immediate positive financial results are likely to boost TDW's stock price in the short term, as investors react to the earnings announcement. Over the longer term, sustaining growth will be crucial for continued performance.

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HOUSTON--(BUSINESS WIRE)--Tidewater Inc. (NYSE:TDW) announced today revenue for the three and twelve months ended December 31, 2024 of $345.1 million and $1,345.8 million, respectively, compared with $302.7 million and $1,010.0 million, respectively, for the three and twelve months ended December 31, 2023. Tidewater's net income for the three and twelve months ended December 31, 2024, was $36.9 million ($0.70 per common share) and $180.7 million ($3.40 per common share), respectively, compared.

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