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AI brief of an SEC Form 8-K · Tidewater (TDW)

Tidewater Q1 2025 revenue rises 3.8% to $333.4 million; net income falls

Mixed Impact 3 of 5 earnings Written later

Tidewater reported first-quarter 2025 revenue of $333.4 million, up 3.8% from $321.2 million a year earlier, but net income fell to $42.7 million ($0.83 per share) from $47.0 million ($0.89 per share). The company reiterated its 2025 revenue guidance of $1.32 to $1.38 billion and gross margin guidance of 48% to 50%, and said it repurchased 2.3 million shares for $90.0 million through April 14, 2025.

Key points

  • Q1 2025 revenue of $333.4 million, up from $321.2 million in Q1 2024
  • Net income of $42.7 million ($0.83 per diluted share), down from $47.0 million ($0.89 per share)
  • Free cash flow of $94.7 million and net cash from operating activities of $86.0 million
  • 2025 revenue guidance of $1.32 to $1.38 billion reiterated, not changed

The filing

CompanyTidewater (TDW)
Form8-K, current report
Filed with the SECMay 5, 2025, 4:45 PM ET
Accession number0001437749-25-014562

Items reported: 2.02 Results of Operations

Read the filing on SEC.gov ↗

Written by AI on Nov 8, 2026, 1:39 AM ET, from this filing only. Written later: this filing was briefed after the fact, when past filings were added to the site, so the brief may be read with hindsight; the filing itself is the record of what was known on May 05, 2025.

Briefs are written by AI from the filing text and can contain mistakes — open the filing before acting on anything. Impact (1-5) and tone are the AI's reading of the filing for shareholders, not a price forecast. Not investment advice.