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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06/12/17
Tidewater Reports Fourth Quarter and Year End Results For Fiscal 2017
NEW ORLEANS, June 12, 2017 /PRNewswire/ -- Tidewater Inc. (NYSE:TDW) announced today a fourth quarter net loss for the period ended March 31, 2017, of $94.9 million, or $2.01 per common share, on revenues of $160.7 million. For fiscal year ended March 31, 2017, the company's net loss was $660.1 million, or $14.02 per common share, on revenues of $601.6 million. For the prior fiscal year's fourth quarter ended March 31, 2016, the company's net loss was $81.8 million, or $1.74 per common share, on... 
05/19/17
Tidewater Receives Approval Of First Day Motions
NEW ORLEANS, May 19, 2017 /PRNewswire/ -- Tidewater Inc. (NYSE: TDW) ("Tidewater" or the "Company") today announced that the United States Bankruptcy Court for the District of Delaware has granted the relief requested by the Company in certain first day motions related to ordinary course business activities.  Among other things, the approved motions authorize the Company to pay prepetition employee wages and benefits without interruption, maintain its insurance programs, utilize its current cash... 
05/17/17
Tidewater Commences Prepackaged Chapter 11 Cases Pursuant To Restructuring Support Agreement
NEW ORLEANS, May 17, 2017 /PRNewswire/ -- Tidewater Inc. (NYSE: TDW) ("Tidewater" or the "Company") announced today that it and certain of its subsidiaries (collectively with Tidewater, the "Debtors"), have filed voluntary petitions under chapter 11 of title 11 of the United States Code in the United States Bankruptcy Court for the District of Delaware (the "Bankruptcy Court") to pursue a prepackaged plan of reorganization (the "Prepackaged Plan") in accordance with its previously announced rest... 
TDW (Common Stock)
ExchangeNYSE (US Dollar)
Price$0.81
Change (%) Stock is Down 0.09 (10.99%)
Volume6,934,300
Data as of 06/23/17 4:01 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 $0.81 0.09

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