Just caught Tidewater's Q4 numbers and the earnings jump is pretty notable. They posted $219.88 million in profit, which is a massive swing from $36.90 million in the same quarter last year. Per share, we're looking at $4.41 versus $0.70 - that's a solid improvement on the bottom line.

Now here's the thing - while the earnings popped, their revenue actually dipped a bit. Tidewater brought in $336.79 million for the quarter, down from $345.05 million year-over-year. So that's a 2.4% decline on the top line. Interesting that they managed to expand margins while revenue contracted.

The profitability surge is definitely the headline here. Tidewater clearly got more efficient or benefited from operational improvements. Worth keeping an eye on how they sustain this momentum in coming quarters, especially if revenue continues to face headwinds.