Tidewater (TDW) Reports Q3 Loss of $1.16, Revenues Miss

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Go back to Tidewater (TDW) Reports Q3 Loss of $1.16, Revenues Miss

Tidewater Reports Results For The Three Months Ended September 30, 2018

November 12, 2018 4:32 PM EST

HOUSTON--(BUSINESS WIRE)-- Tidewater Inc. (NYSE: TDW) announced today a net loss for the three months ended September 30, 2018, of $30.9 million, or $1.16 per common share, on revenues of $99.2 million.

As more fully explained in the company's Form 10-Q for the quarter ended September 30, 2018, upon emergence from Chapter 11 bankruptcy on July 31, 2017, the company adopted fresh start accounting in accordance with applicable accounting and reporting regulations, which resulted in the company becoming a new entity for financial reporting purposes on July 31, 2017. References herein to "Successor" relate to the financial position and results of operations of the reorganized... More