Tidewater Q1 2025: Record Revenue, Strong Margins, & M&A Eyed

Tidewaters Q1 2025 earnings exceeded expectations with record revenue of $333.4 million, driven by higher day rates and better utilization. Gross margins remained strong, and share repurchases totaled nearly $100 million. The company is considering M&A and has low leverage. Regional demand is steady, with Brazil booming and North Sea and Mexico facing seasonal pressure. Vessel supply is tight, and free cash flow was $94.7 million. The backlog covers 88% of yearly revenue guidance with forty-eight to fifty percent margins, setting up a strong year. Support the show:Get a discount at https://solipillow.com/discount/dnn. Advertise on DNN:[email protected] This is an automated, high-level news summary based on public reporting.Report issues to [email protected]. View sources & latest updates:https://sources.thednn.ai/0f166ebdb6a9155f