TDW Q1 2024 Earnings — Tidewater Inc. Revenue & Financial Results | Market Cap Arena

TDWTidewater Inc.

$4B

Q1 2024 Earnings

Energy Oil & Gas Equipment & Services

Income Statement

Revenue

$321M+66.3% YoY

Gross Profit

$96M29.9% margin

Operating Income

$82M25.5% margin

Net Income

$47M14.6% margin

EPS (Diluted)

$0.89

QoQ Revenue Growth

+6.1%

Cash Flow

Operating Cash Flow

$55M

Free Cash Flow

$44M

Stock-Based Comp.

$3M

Balance Sheet

Total Assets

$2.1B

Total Liabilities

$1.0B

Stockholders' Equity

$1.1B

Cash & Equivalents

$281M

Year-over-Year Comparison

Metric	Current	Year Ago	Change
Revenue	$321M	$193M	+66.3%
Gross Profit	$96M	$46M	+109.9%
Operating Income	$82M	$24M	+234.3%
Net Income	$47M	$11M	+337.9%

Revenue Segments

Vessel

$319M99%

Product and Service, Other

$2M1%

Geographic Segments

West Africa

$89M28%

Europe and Mediterranean

$80M25%

Americas

$64M20%

Asia Pacific

$48M15%

Middle East

$38M12%