Tidewater

Corporate Profile

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In 1955, a group of investors led by the Laborde family of New Orleans pioneered the development of the first offshore service vessel specifically designed and outfitted to support a burgeoning offshore oil and gas industry. One year later, Tidewater's first vessel Ebb Tide was ready to sail into the United States Gulf of Mexico and Tidewater Marine Service, Inc. was begun.

From that first vessel came anchor-handing towing-supply (AHTS) vessels, platform supply vessels (PSV), crew boats, offshore tugs and specialty vessels, among others. Collectively, these vessels transport people, equipment and supplies between mainland locations and numerous offshore installations. They also tow and position mobile drilling rigs, assist in a variety of offshore construction projects and aid in a number of specialty services, including cable-laying and seismic work.

Today, Tidewater is the undisputed worldwide leader of the workboat industry with over 350 vessels and locations in all of the major oil and natural gas basins of the world.

While Tidewater has owned several diversified businesses, its core competency has always been the workboat industry. The late 1980s and early 1990s saw a return to the company's core business with the divestment of its compression operations, it's oil and gas properties as well as its real estate holdings.

A key to Tidewater's success has been and remains its customer service. The company's philosophy is that having the best equipment is insignificant if that equipment is not operated safely by knowledgeable, friendly and skilled employees. In this respect, ongoing training and safety continue to be a major focus for our marine fleet employees.

Just as Tidewater has evolved through the decades, it must continue to change with the times. New and exciting challenges await the company and our management and front-line employees eagerly anticipate the next step to be taken. In short, Tidewater people are working hard to keep Tidewater a worldwide leader through serving our various publics and evolving with an ever-changing marketplace.

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02/02/16
Tidewater Reports Third Quarter Results For Fiscal 2016
NEW ORLEANS, Feb. 2, 2016 /PRNewswire/ -- Tidewater Inc. (NYSE: TDW) announced today a third quarter net loss for the period ended December 31, 2015, of $19.5 million, or $0.42 per common share, on revenues of $218.2 million. For the same quarter last year, net loss was $160.7 million, or $3.31 per common share, on revenues of $387.6 million. The immediately preceding quarter ended September 30, 2015, had a net loss of $43.8 million, or $0.93 per common share, on revenues of $271.9 million. I... 
01/28/16
Tidewater Announces Suspension of Dividend and Common Stock Repurchase Program
NEW ORLEANS, Jan. 28, 2016 /PRNewswire/ -- Tidewater Inc. (NYSE:TDW) announced that its Board of Directors has approved management's recommendation to suspend Tidewater's quarterly dividend and common stock repurchase program.  The dividend and share repurchase program suspension is part of a broader plan of reducing costs and capital expenditures in order to preserve liquidity in an oilfield services market that has been negatively impacted by the precipitous drop in oil prices and correspondin... 
01/15/16
Tidewater Announces Conference Call
NEW ORLEANS, Jan. 15, 2016 /PRNewswire/ -- Tidewater Inc. (NYSE: TDW) announced today that its fiscal 2016 third quarter (ended December 31, 2015) earnings conference call has been scheduled for Wednesday, February 3, 2016 at 10:00 a.m. Central time.  During the conference call, the Company will discuss the results for the quarter ended December 31, 2015, which are expected to be released on February 2, 2016, after the markets close.  During the conference call, Company's management may discuss ... 
TDW (Common Stock)
ExchangeNYSE (US Dollar)
Price$4.67
Change (%) Stock is Up 0.11 (2.41%)
Volume1,536,283
Data as of 02/12/16 4:02 p.m. ET
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Investor Relations
6002 Rogerdale Road
Suite 600
Houston, Texas 77072 USA
713-470-5300
Accountants
Deloitte and Touche LLP


NYSE: TDW $4.67 0.11

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