Tidewater Adopts Tax Benefits Preservation Plan to Protect Net Operating Loss Carryforwards and Foreign Tax Credits
Tidewater Inc. (TDW)
Last tidewater inc. earnings: 8/9 04:24 pm
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US:NYSE Investor Relations:
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Company Research
Source: Business Wire
HOUSTON--(BUSINESS WIRE)--Tidewater Inc. (“the Company,” NYSE: TDW), announced today that its Board of Directors (the “Board”) has adopted a Tax Benefits Preservation Plan (the “Plan”) as a measure to protect the Company’s existing net operating loss carryforwards and foreign tax credits (“Tax Attributes”) and to reduce its potential future tax liabilities. As of December 31, 2019, the Company had net operating loss carryforwards of approximately $300 million and foreign tax credits of approximately $388 million. “Our Board adopted the Plan to protect the Company’s substantial Tax Attributes from being limited, which could have a negative impact on stockholder value,” stated Tidewater President and Chief Executive Officer Quintin Kneen. “Our Plan is consistent with actions taken by other companies with significant Tax Attributes and has been structured to protect our ability to maximize the use of our Tax Attributes to offset future tax liabilities. The Plan has a limited life of
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- Tidewater Inc. (NYSE: TDW) was downgraded by analysts at StockNews.com from a "hold" rating to a "sell" rating.MarketBeat
TDW
Earnings
- 11/7/24 - Beat
TDW
Sec Filings
- 11/14/24 - Form SC
- 11/14/24 - Form 25-NSE
- 11/12/24 - Form SC
- TDW's page on the SEC website