Filing Flows › Tidewater (TDW) › Guidance history
Tidewater (TDW) guidance history: what it guided and what it reported
Tidewater gave guidance in 12 earnings releases on file since Feb 29, 2024. Of 2 guided periods since reported, it met or beat its own guidance twice (100%). Revenue: 2 of 2, on average +0.7% against the guided midpoint. Its releases raised guidance 4 times and lowered it once.
Revenue
Met or beat 2 of 2 periods (1 above, 1 within, 0 below).
| Period | Guided (and how it moved) | Reported | Result | vs midpoint |
|---|---|---|---|---|
| FY2027 | $1.7B–$1.8B (Nov 9, 2026) | — | to be reported | — |
| FY2025 | $1.4B–$1.4B (Aug 6, 2024) → lowered $1.3B–$1.4B (Feb 27, 2025) → reaffirmed $1.3B–$1.4B (May 5, 2025) → reaffirmed $1.3B–$1.4B (Aug 4, 2025) → lowered $1.3B–$1.4B (Nov 10, 2025) | $1.4B | above the range | +0.9% |
| FY2026 | $1.3B–$1.4B (Nov 10, 2025) → raised $1.4B–$1.5B (Mar 2, 2026) → reaffirmed $1.4B–$1.5B (May 4, 2026) → lowered $1.4B–$1.5B (Aug 3, 2026) → lowered $1.4B–$1.4B (Nov 9, 2026) | — | to be reported | — |
| FY2024 | $1.4B–$1.4B (Feb 29, 2024) → reaffirmed $1.4B–$1.4B (May 2, 2024) → lowered $1.4B–$1.4B (Aug 6, 2024) → lowered $1.3B–$1.4B (Nov 7, 2024) | $1.3B | within the range | +0.4% |
| Q4 2024 | $303M (Feb 29, 2024) | — | — | — |
Gross margin
This line is not in the statements Filing Flows reads, so there is no reported figure to hold it to.
| Period | Guided (and how it moved) | Reported | Result | vs midpoint |
|---|---|---|---|---|
| FY2026 | 48.0%–50.0% (Nov 10, 2025) → lowered 47.5%–48.5% (Nov 9, 2026) | — | to be reported | — |
| FY2025 | 51.0% (Aug 6, 2024) → lowered 48.0%–50.0% (Feb 27, 2025) → reaffirmed 48.0%–50.0% (May 5, 2025) → reaffirmed 48.0%–50.0% (Aug 4, 2025) → raised 49.0%–50.0% (Nov 10, 2025) | — | — | — |
| Q4 2024 | 47.2% (Feb 29, 2024) | — | — | — |
| FY2024 | 52.0% (Feb 29, 2024) → reaffirmed 52.0% (May 2, 2024) → lowered 51.0% (Aug 6, 2024) → lowered 48.0% (Nov 7, 2024) | — | — | — |
Adjusted gross margin
Every guided period is still to be reported.
| Period | Guided (and how it moved) | Reported | Result | vs midpoint |
|---|---|---|---|---|
| FY2026 | 49.0%–51.0% (Mar 2, 2026) → reaffirmed 49.0%–51.0% (May 4, 2026) → lowered 49.0%–50.0% (Aug 3, 2026) | — | to be reported | — |
Net income
This line is not in the statements Filing Flows reads, so there is no reported figure to hold it to.
| Period | Guided (and how it moved) | Reported | Result | vs midpoint |
|---|---|---|---|---|
| FY2024 | $47.0M (May 2, 2024) | — | — | — |
Operating cash flow
The GAAP figure from the filings is shown for each period reported; it is not judged against the guide, which may leave items out (one-off payments, acquisitions).
| Period | Guided (and how it moved) | Reported | Result | vs midpoint |
|---|---|---|---|---|
| FY2024 | $54.8M (May 2, 2024) | $282M (GAAP) | not judged | — |
Free cash flow
The GAAP figure from the filings is shown for each period reported; it is not judged against the guide, which may leave items out (one-off payments, acquisitions).
| Period | Guided (and how it moved) | Reported | Result | vs midpoint |
|---|---|---|---|---|
| FY2025 | $90.3M (Feb 27, 2025) → raised $97.5M (Aug 4, 2025) | $353M (GAAP) | not judged | — |
| Q1 2025 | $100M (Nov 7, 2024) | $75.7M (GAAP) | not judged | — |
| FY2024 | $69.4M (May 2, 2024) | $255M (GAAP) | not judged | — |
The latest quarter
Tidewater, Q3 2026: revenue $360M (+6% year over year), operating margin 14.0%, net earnings $17.5M, operating cash flow $75.2M. The chart follows the revenue to costs, profit and cash.
Questions
Does Tidewater beat its guidance?
Tidewater gave guidance in 12 earnings releases on file since Feb 29, 2024. Of 2 guided periods since reported, it met or beat its own guidance twice (100%). Revenue: 2 of 2, on average +0.7% against the guided midpoint.
How often does Tidewater raise guidance?
Its earnings releases raised guidance 4 times and lowered it once since Feb 29, 2024.
Each guided period is held to the last guidance given before its figures were reported; a single figure counts as in line within 1% (0.25 pts for a rate). Reported figures are GAAP, from the company's filings; adjusted guidance shows its moves only.