TDW Q2 2023 Earnings — Tidewater Inc. Revenue & Financial Results | Market Cap Arena

TDWTidewater Inc.

$4B

Q2 2023 Earnings

Energy Oil & Gas Equipment & Services

Income Statement

Revenue

$215M+31.5% YoY

Gross Profit

$64M29.6% margin

Operating Income

$39M18.1% margin

Net Income

$23M10.5% margin

EPS (Diluted)

$0.43

QoQ Revenue Growth

+11.3%

Cash Flow

Operating Cash Flow

$10M

Free Cash Flow

$892,000

Stock-Based Comp.

$3M

Balance Sheet

Total Assets

$1.3B

Total Liabilities

$452M

Stockholders' Equity

$893M

Cash & Equivalents

$171M

Year-over-Year Comparison

Metric	Current	Year Ago	Change
Revenue	$215M	$163M	+31.5%
Gross Profit	$64M	$31M	+105.4%
Operating Income	$39M	$2M	+2016.7%
Net Income	$23M	-$26M	+188.3%

Revenue Segments

Vessel

$210M98%

Product and Service, Other

$5M2%

Geographic Segments

West Africa

$66M31%

Americas

$50M24%

Europe and Mediterranean

$39M19%

Middle East

$32M15%

Asia Pacific

$23M11%