Tidewater believes the worst of the pandemic downturn is behind it.
On its fourth-quarter earnings call, chief executive Quintin Kneen said the Houston-based offshore player's revenue came in at $92m, better than the $81m they had guided for late last year.
Revenue also jumped on an annual basis, with Tidewater reporting $397m versus the $385m forecasted.
“It’s hard to overstate the challenges we’ve faced in 2020, but the worst of the pandemic driven downturn seems to be behind us," Kneen said on the call on Friday.
