Tidewater(TDW) - 2024 Q1 - Quarterly Results

Quintin Kneen, Tidewater's President and Chief Executive Officer, commented, "First quarter results came in nicely above our expectations, especially for a period that is typically the slowest quarter of the year due to seasonality in certain markets and a front-loaded drydock schedule. Our consolidated global average day rate continued the upward trend we saw throughout 2023, with the average day rate increasing nearly $1,500 per day sequentially, an increase of over 8%. Each of our classes of vessels saw ...