Tidewater Sails Out of Quarter with $95.4MM Net

Tidewater has announced its second quarter net earnings for the period ended September 30, 2008, of $95.4 million, or $1.85 per common share, on revenues of $346.8 million. For the same quarter last year, net earnings were $86.5 million, or $1.56 per common share, on revenues of $319.0 million. The immediately preceding quarter ended June 30, 2008, had net earnings of $84.8 million, or $1.64 per common share, on revenues of $340.1 million.

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