Tidewater reports $82.57 million of net income for May 18 to May 31

By Caroline Salls

Pittsburgh, July 3 – Tidewater Inc. reported $82.57 million of consolidated net income for the period of May 18 through May 31 on $27.61 million in revenue, according to its monthly operating report filed Monday with the Securities and Exchange Commission.

The company had $37.84 million in cash as of May 31.

Tidewater, a New Orleans-based provider of offshore service vessels to the energy industry, filed for bankruptcy on May 17 in the U.S. Bankruptcy Court for the District of Delaware under Chapter 11 case number 17-11132.

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