The short answer is YES! We have saved many wood floors after they become wet. Saving wood floors depends on two things primarily:
When did they get wet?
What what the water source?
The faster we can respond the better. Wood will start to cup and buckle after getting wet, which we can still save at that point. Our biggest worry is mold growing on the wood. Also, the water source must be free from contaminates to keep the homeowner and their family safe.