secwatch.observer — SEC 8-K summary
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Issuer:     TIDEWATER INC (TDW)
CIK:        0000098222
Form:       8-K/A
Filed at:   2026-11-09T21:22:21+00:00
Accession:  0001437749-26-035903
Event type: m_and_a
Sentiment:  neutral
Materiality: 0.35
Item codes: 9.01
LLM model:  deepseek-v4.1-flash:cloud@v2

Tidewater files WSUT acquisition financials: FY2025 revenue $240.4M, net profit $27.1M
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- Wilson Sons Ultratug (now Tidewater Offshore do Brasil) FY2025: revenue $240.4M, gross profit $57.2M, operating profit $38.9M, net profit $27.1M under IFRS.
- WSUT total assets $495.5M at Dec 31, 2025, including PP&E of $405.3M and right-of-use assets of $23.0M; equity $168.6M.
- WSUT debt: financing of $251.3M ($47.4M current, $203.9M non-current) plus lease liabilities of $31.4M; cash of $19.0M.
- WSUT generated $98.5M of operating cash flow in 2025 against $26.3M of vessel/PP&E capex; $12.8M lease principal paid.
- Tidewater closed the purchase of WSUT and Atlantic Offshore Services on Aug 31, 2026 under an SPA signed Feb 22, 2026; this filing adds audited FY2025 and pro forma statements.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/98222/000143774926035903/0001437749-26-035903-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/98222/000143774926035903/tdw20261008_8ka.htm
  HTML page:      https://secwatch.observer/filing/0001437749-26-035903

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