TDW Q1 2023 Earnings — Tidewater Inc. Revenue & Financial Results | Market Cap Arena

TDWTidewater Inc.

$4B

Q1 2023 Earnings

Energy Oil & Gas Equipment & Services

Income Statement

Revenue

$193M+82.6% YoY

Gross Profit

$46M23.7% margin

Operating Income

$24M12.7% margin

Net Income

$11M5.6% margin

EPS (Diluted)

$0.21

QoQ Revenue Growth

+3.4%

Cash Flow

Operating Cash Flow

$13M

Free Cash Flow

$4M

Stock-Based Comp.

$2M

Balance Sheet

Total Assets

$1.3B

Total Liabilities

$454M

Stockholders' Equity

$873M

Cash & Equivalents

$165M

Year-over-Year Comparison

Metric	Current	Year Ago	Change
Revenue	$193M	$106M	+82.6%
Gross Profit	$46M	$10M	+349.3%
Operating Income	$24M	-$7M	+435.1%
Net Income	$11M	-$12M	+188.2%

Revenue Segments

Vessel

$191M99%

Product and Service, Other

$2M1%

Geographic Segments

West Africa

$59M31%

Americas

$48M25%

Europe and Mediterranean

$31M16%

Middle East

$31M16%

Asia Pacific

$22M12%