Tidewater (TDW) Posts Q1 Loss of 32c/Share

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Tidewater Reports First Quarter Results For Fiscal 2016

August 10, 2015 4:37 PM EDT

NEW ORLEANS, Aug. 10, 2015 /PRNewswire/ -- Tidewater Inc. (NYSE: TDW) announced today a first quarter net loss for the period ended June 30, 2015, of $15.1 million, or $0.32 per common share, on revenues of $304.8 million. For the same quarter last year, net earnings were $43.7 million, or $0.88 per common share, on revenues of $385.7 million. The immediately preceding quarter ended March 31, 2015, had a net loss of $9.1 million, or $0.19 per common share, on revenues of $324.8 million. Included in the net loss for the quarter ended June 30, 2015 were the following:

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