Tidewater Q4 Trounces Estimates

Watch stocks you care about

The single, easiest way to keep track of all the stocks that matter...

Your own personalized stock watchlist!

It's a 100% FREE Motley Fool service...

Click Here Now

Tidewater (NYSE: TDW  ) results for Q4 and fiscal 2013 have been released. For the quarter, revenues totaled $328 million, up from the $289 million in the same period the previous year. Net profit was significantly higher, at $46.6 million ($0.95 per diluted share) from Q4 2012's $33.6 million ($0.66).  

For the most recent quarter, analysts had expected revenue of $318 million and EPS of $0.61.

For the full year, top line was $1.24 billion, which topped the 2012 figure of $1.07 billion. Net profit was notably more robust, at $150.8 million ($3.03 per diluted share) for the year against 2012's $87.4 million ($1.70).

In terms of operations, the company's average total vessel count of 265 was unchanged on a year-over-year basis in Q4 2013. Vessel utilization, however, increased to 69.4% from Q4 2012's 65.4%. Average day rates were also up, standing at $16,378 for the most recent quarter compared to $14,140 in the year-ago period.

Read/Post Comments (0) | Recommend This Article (0)

Comments from our Foolish Readers

Help us keep this a respectfully Foolish area! This is a place for our readers to discuss, debate, and learn more about the Foolish investing topic you read about above. Help us keep it clean and safe. If you believe a comment is abusive or otherwise violates our Fool's Rules, please report it via the Report this Comment Report this Comment icon found on every comment.

Be the first one to comment on this article.

Compare Brokers

Fool Disclosure

Sponsored Links

Leaked: Apple's Next Smart Device
(Warning, it may shock you)
The secret is out... experts are predicting 458 million of these types of devices will be sold per year. 1 hyper-growth company stands to rake in maximum profit - and it's NOT Apple. Show me Apple's new smart gizmo!

DocumentId: 2445665, ~/Articles/ArticleHandler.aspx, 9/27/2016 9:59:58 AM

Report This Comment

Use this area to report a comment that you believe is in violation of the community guidelines. Our team will review the entry and take any appropriate action.

Sending report...

Today's Market

updated Moments ago Sponsored by:
DOW 18,114.96 20.13 0.11%
S&P 500 2,148.25 2.15 0.10%
NASD 5,267.85 10.36 0.20%

Create My Watchlist

Go to My Watchlist

You don't seem to be following any stocks yet!

Better investing starts with a watchlist. Now you can create a personalized watchlist and get immediate access to the personalized information you need to make successful investing decisions.

Data delayed up to 5 minutes

Related Tickers

9/27/2016 9:44 AM
TDW $2.36 Down -0.06 -2.48%
Tidewater CAPS Rating: **