Tidewater Q1 Earnings Miss, Revenue Beats

Tidewater Inc. posted Q1 2026 adjusted EPS of $0.12, missing consensus $0.69 by $0.57.
Revenue reached $326.2 million, slightly beating $323.34 million estimate but down 2.2% YoY from $333.4 million.
Net income fell to $6.1 million from $42.7 million year‑over‑year, impacted by a $3.4 million FX loss.
Company reaffirmed 2026 revenue guidance $1.43‑$1.48 billion and gross margin 49‑51%, assuming Wilson Sons Ultratug acquisition by Q2.