Tidewater: Muted Near-Term Outlook, But Still Highly Profitable - Buy (Upgrade)
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Tidewater reported Q4 2024 results in line with projections, with increased fleet utilization boosting key financial metrics. The company announced a new $90.3 million share repurchase program for 2025, indicating strong profitability despite a muted near-term outlook.
March 05, 2025 | 10:30 pm
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Tidewater's Q4 2024 results were in line with expectations, with increased fleet utilization boosting financial metrics. The company announced a $90.3 million share repurchase program for 2025, indicating strong profitability and confidence in future performance.
Tidewater's financial performance in Q4 2024 was strong, with key metrics reaching multi-year highs. The announcement of a significant share repurchase program suggests management's confidence in the company's future, likely positively impacting the stock price in the short term.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100