2007 Tidewater News

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Tidewater Announces Conference Call
December 21, 2007

NEW ORLEANS--(BUSINESS WIRE)--Dec. 21, 2007--Tidewater Inc. (NYSE: TDW) announced today that its fiscal 2008 third quarter (ended December 31, 2007) earnings release and conference call have been scheduled for Friday, February 1, 2008. The press release will be issued before the market opens and the conference call will begin at 10:00 a.m. CST. Investors and interested parties may listen to the teleconference via telephone by calling 1-888-388-7493 if calling from the U.S. or Can... » Continuing reading this story
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Tidewater to Present at the Capital One Southcoast Energy Conference
November 28, 2007

NEW ORLEANS--(BUSINESS WIRE)--Nov. 28, 2007--Tidewater Inc. (NYSE: TDW) announced today that Dean Taylor, Chairman, President and Chief Executive Officer, and Joseph M. Bennett, Senior Vice President, Principal Accounting Officer and Chief Investor Relations Officer, will present at the Capital One Southcoast Energy Conference in New Orleans, Louisiana, on Tuesday, December 4, 2007, at approximately 9:00 a.m. CST (10:00 a.m. EST). Upon completion of the presentation, the company will ... » Continuing reading this story
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Tidewater Declares Quarterly Dividend on Common Stock
November 15, 2007

NEW ORLEANS--(BUSINESS WIRE)--Nov. 15, 2007--Tidewater Inc. (NYSE:TDW) announced today that its board of directors has declared a quarterly dividend of $.15 per share on Tidewater's approximately 54.0 million shares of common stock outstanding. The dividend was declared during a regular meeting of the board and is payable December 14, 2007, to shareholders of record on December 4, 2007. Tidewater Inc. owns 456 vessels, the world's largest fleet of vessels serving the global o... » Continuing reading this story
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Tidewater to Present at the Merrill Lynch Global Energy Conference
November 01, 2007

NEW ORLEANS--(BUSINESS WIRE)--Nov. 1, 2007--Tidewater Inc. (NYSE: TDW) announced today that Joseph M. Bennett, Senior Vice President, Principal Accounting Officer and Chief Investor Relations Officer, will present at the Merrill Lynch Global Energy Conference in New York, New York, on Thursday, November 8, 2007, at approximately 10:55 a.m. Eastern (9:55 a.m. CST). The presentation will be available via real-time webcast at http://www.tdw.com. Playback will be available at 3:00 p.m. CS... » Continuing reading this story
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Tidewater Reports Second Quarter Results For Fiscal 2008
October 26, 2007

NEW ORLEANS--(BUSINESS WIRE)--Oct. 26, 2007--Tidewater Inc. (NYSE:TDW) announced today second quarter net earnings for the period ended September 30, 2007, of $86.5 million, or $1.56 per common share, on revenues of $319.0 million. For the same quarter last year, net earnings were $104.2 million, or $1.86 per common share, on revenues of $274.0 million. The immediately preceding quarter ended June 30, 2007, had net earnings of $87.5 million, or $1.55 per common share, on revenues of $... » Continuing reading this story
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Tidewater Issues Earnings Guidance For Quarter Ended September 30, 2007
October 16, 2007

NEW ORLEANS--(BUSINESS WIRE)--Oct. 16, 2007--Tidewater Inc. (NYSE:TDW) announced today that fiscal second quarter financial results for the three months ended September 30, 2007, are estimated to be between $1.54 - $1.57 on a fully diluted per share basis. The Thomson First Call consensus estimate is currently $1.71 per share. The Company reported fully diluted earnings of $1.55 per share in the quarter ended June 30, 2007. September 2007 quarterly earnings are expected to reflect... » Continuing reading this story
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Tidewater Announces Expanded FCPA Internal Investigation
October 04, 2007

NEW ORLEANS--(BUSINESS WIRE)--Oct. 4, 2007--Tidewater Inc. (NYSE: TDW) has previously announced that the Audit Committee of its Board of Directors had engaged special counsel to conduct an internal investigation into the legality, under the Foreign Corrupt Practices Act (FCPA), of its Nigerian affiliate's reimbursement of certain payments made by a third party agent to procure temporary importation permits and other authorizations necessary for Tidewater's vessels and crews to operate... » Continuing reading this story
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Tidewater Announces Conference Call
October 04, 2007

NEW ORLEANS--(BUSINESS WIRE)--Oct. 4, 2007--Tidewater Inc. (NYSE: TDW) announced today that its fiscal 2008 second quarter (ended September 30, 2007) earnings release and conference call have been scheduled for Friday, October 26, 2007. The press release will be issued before the market opens and the conference call will begin at 9:00 a.m. CDST. Investors and interested parties may listen to the teleconference via telephone by calling 1-888-388-7493 if calling from the U.S. or Ca... » Continuing reading this story
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Bruce D. Lundstrom Joins Tidewater's Senior Management Team
September 24, 2007

NEW ORLEANS--(BUSINESS WIRE)--Sept. 24, 2007--Tidewater Inc. (NYSE:TDW) announced today that Bruce D. Lundstrom has joined Tidewater as Senior Vice President, General Counsel and Secretary. Mr. Lundstrom, who will report to Chairman, President and CEO Dean Taylor, will be responsible for the Legal, Insurance and Human Relations/Benefits staffs of the company, and will also act as Tidewater's Chief Compliance Officer. Mr. Lundstrom joins Tidewater following a ten year career within... » Continuing reading this story
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Tidewater Elects James C. Day To Its Board of Directors
September 06, 2007

NEW ORLEANS--(BUSINESS WIRE)--Sept. 6, 2007--Tidewater (NYSE: TDW) today announced the election of James C. Day to its Board of Directors for a term expiring in July 2008. Mr. Day comes to Tidewater with a distinguished and successful career in the oil and gas industry with thirty years of experience. Mr. Day is the retired Chairman of the Board and former CEO of Noble Corporation, founded in Oklahoma in 1921 and is currently one of the world's largest offshore drilling companies.... » Continuing reading this story
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Tidewater to Present at the Lehman Brothers CEO Energy Conference
August 24, 2007

NEW ORLEANS--(BUSINESS WIRE)--Aug. 24, 2007--Tidewater Inc. (NYSE: TDW) announced today that Dean Taylor, Chairman, President and Chief Executive Officer, will present at the Lehman Brothers CEO Energy Conference in New York on Thursday, September 6, 2007, at 8:05 a.m. CDST (9:05 a.m. Eastern). The presentation will be available via real-time webcast at http://www.tdw.com. Playback will be available at 9:05 a.m. CDST on September 7, 2007. Upon completion of the presentation, the compa... » Continuing reading this story
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Tidewater Declares Quarterly Dividend on Common Stock
August 21, 2007

NEW ORLEANS--(BUSINESS WIRE)--Aug. 21, 2007--Tidewater Inc. (NYSE:TDW) announced today that its board of directors has declared a quarterly dividend of $.15 per share on Tidewater's approximately 55.8 million shares of common stock outstanding. The dividend was declared by a unanimous written consent of the directors and is payable September 10, 2007, to shareholders of record on August 31, 2007. Tidewater Inc. owns 455 vessels, the world's largest fleet of vessels serving th... » Continuing reading this story
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Tidewater Reports First Quarter Results for Fiscal 2008
July 26, 2007

NEW ORLEANS--(BUSINESS WIRE)--July 26, 2007--Tidewater Inc. (NYSE:TDW) announced today first quarter net earnings for the period ended June 30, 2007, of $87.5 million, or $1.55 per common share, on revenues of $305.5 million. Included in the current quarter's net earnings are after-tax charges totaling $3.5 million, or $.06 per common share, related to the settlement of a recent class action in California related to certain wage and hour claims of certain former and current employees,... » Continuing reading this story
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Tidewater Announces New Manager, Quality Shipyards, L.L.C.
July 24, 2007

NEW ORLEANS--(BUSINESS WIRE)--July 24, 2007--Tidewater Inc. (NYSE: TDW) announced today that Joseph R. Badeaux has joined Tidewater Inc. as General Manager and Vice President of its shipyard, Quality Shipyards, L.L.C. Mr. Badeaux has 29 years of experience in ship design, construction, repair, commissioning, project management and operations management. He is a graduate of Old Dominion University, and originally from Virginia, and will be based at Tidewater's Quality Shipyards, L.L.C.... » Continuing reading this story
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Tidewater Announces Plans to Continue to Repurchase Shares of its Common Stock
July 16, 2007

NEW ORLEANS--(BUSINESS WIRE)--July 16, 2007--Tidewater Inc. (NYSE:TDW) announced today that its Board of Directors has authorized a new program for the Company to spend up to $200 million to repurchase shares of its common stock in open-market or privately-negotiated transactions. The Company intends to use its available cash and, when considered advantageous, borrowings under its revolving credit facility, to fund share repurchases. The repurchase program will end on the earlier of t... » Continuing reading this story
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Tidewater Announces Annual Shareholders' Meeting Webcast
July 10, 2007

NEW ORLEANS--(BUSINESS WIRE)--July 10, 2007--Tidewater Inc. (NYSE: TDW) announced today that a delayed webcast of a presentation by Dean Taylor, Chairman, President and CEO, and other senior management representatives, for its annual stockholders' meeting will be available beginning at 2:00 p.m. CDST on July 12, 2007, at the Tidewater website and at the CCBN website. The online replay will be available until August 12, 2007. The annual stockholders' meeting will be held at 10:00 a.m. ... » Continuing reading this story
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Tidewater Announces Conference Call
July 02, 2007

NEW ORLEANS--(BUSINESS WIRE)--July 2, 2007--Tidewater Inc. (NYSE: TDW) announced today that its fiscal 2008 first quarter (ended June 30, 2007) earnings release and conference call have been scheduled for Thursday, July 26, 2007. The press release will be issued before the market opens and the conference call will begin at 10:00 a.m. CDST. Investors and interested parties may listen to the teleconference via telephone by calling 1-888-388-7493 if calling from the U.S. or Canada (1... » Continuing reading this story
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Nancy Morovich Joins Tidewater's Senior Management Team
June 19, 2007

NEW ORLEANS--(BUSINESS WIRE)--June 19, 2007--Tidewater Inc. (NYSE:TDW) announced today that Nancy Morovich has joined Tidewater as Senior Vice President. Morovich, who will report to Chairman, President and CEO Dean Taylor, will be responsible for strategic planning and analysis activities required to support the company's growth and business development initiatives, including potential mergers and acquisitions. She will also oversee Tidewater's information technology activities, and ... » Continuing reading this story
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Tidewater Announces Promotion of Craig J. Demarest to Vice President
June 04, 2007

NEW ORLEANS--(BUSINESS WIRE)--June 4, 2007--Tidewater Inc. (NYSE: TDW) recently announced the promotion of Craig J. Demarest to Vice President. The promotion was effective as of May 31, 2007. Mr. Demarest joined Tidewater in May 2004 as Corporate Controller and was promoted to the Officer position of Controller in April 2005. He will maintain his Controller title, where he is responsible for the day-to-day accounting activities as well as coordinating and reviewing the monthly, qu... » Continuing reading this story
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Tidewater Declares Quarterly Dividend on Common Stock
May 31, 2007

NEW ORLEANS--(BUSINESS WIRE)--May 31, 2007--Tidewater Inc. (NYSE:TDW) announced today that its board of directors has declared a quarterly dividend of $.15 per share on Tidewater's approximately 57.0 million shares of common stock outstanding. The dividend was declared during a regular meeting of the board and is payable June 21, 2007 to shareholders of record on June 11, 2007. Tidewater Inc. owns 463 vessels, the world's largest fleet of vessels serving the global offshore e... » Continuing reading this story
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Tidewater to Present at the RBC Capital Markets Energy Conference
May 29, 2007

NEW ORLEANS--(BUSINESS WIRE)--May 29, 2007--Tidewater Inc. (NYSE: TDW) announced today that Dean Taylor, Chairman, President and Chief Executive Officer, will present at the 2007 RBC Capital Markets Energy Conference in New York, New York, on Wednesday, June 6, 2007, at 12:30 p.m. CDST (1:30 p.m. Eastern). Tidewater Inc. owns 463 vessels, the world's largest fleet of vessels serving the global offshore energy industry. CONTACT: Tidewater Inc. Joe Bennett, 504... » Continuing reading this story
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Tidewater to Present at the UBS Global Oil and Gas Conference
May 14, 2007

NEW ORLEANS--(BUSINESS WIRE)--May 14, 2007--Tidewater Inc. (NYSE: TDW) announced today that Stephen W. Dick, Executive Vice President, and Joseph M. Bennett, Senior Vice President, Principal Accounting Officer and Chief Investor Relations Officer, will present at the 2007 UBS Global Oil and Gas Conference in Austin, Texas, on Tuesday, May 22, 2007, at 11:20 a.m. CDST (12:20 p.m. Eastern). The presentation will be available via real-time webcast at http://www.tdw.com. Playback will be ... » Continuing reading this story
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Tidewater Announces Departure of Cliffe F. Laborde, Executive Vice President, Secretary and General Counsel
May 04, 2007

NEW ORLEANS--(BUSINESS WIRE)--May 4, 2007--Tidewater Inc. (NYSE:TDW) announced today that Cliffe F. Laborde, the Company's Executive Vice President, Secretary and General Counsel, has advised that he will leave the Company effective June 29, 2007, to pursue personal business opportunities. Mr. Laborde has been with Tidewater for over 15 years. Dean E. Taylor, Chairman, President and CEO, stated, "Cliffe Laborde has been an integral part of Tidewater's senior management group for ... » Continuing reading this story
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Tidewater Reports Fourth Quarter Results and Record Year End Earnings For Fiscal 2007
April 26, 2007

NEW ORLEANS--(BUSINESS WIRE)--April 26, 2007--Tidewater Inc. (NYSE:TDW) announced today fourth quarter net earnings for the period ended March 31, 2007, of $87.6 million, or $1.56 per share, on revenues of $293.5 million. For the same quarter last year, net earnings were $64.7 million, or $1.11 per share, on revenues of $246.5 million. For fiscal year ended March 31, 2007, net earnings were $356.6 million, or $6.31 per share, on revenues of $1,125.3 million. For the fiscal year ended ... » Continuing reading this story
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Tidewater Announces Internal Investigation into Nigerian Operations
April 26, 2007

NEW ORLEANS--(BUSINESS WIRE)--April 26, 2007--Tidewater Inc. (NYSE:TDW) announced today that it is conducting an internal investigation of its Nigerian operations, focusing on the legality, under the U.S. Foreign Corrupt Practices Act (FCPA) and local laws, of its Nigerian affiliate's reimbursement of certain expenses incurred by a customs agent in connection with the temporary importation of its vessels into Nigeria, particularly the obtaining of certain permits that are necessary fo... » Continuing reading this story
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Tidewater Announces Conference Call
April 05, 2007

NEW ORLEANS--(BUSINESS WIRE)--April 5, 2007--Tidewater Inc. (NYSE: TDW) announced today that its fiscal 2007 fourth quarter (ended March 31, 2007) earnings release and conference call have been scheduled for Thursday, April 26, 2007. The press release will be issued before the market opens and the conference call will begin at 10:00 a.m. CDST. Investors and interested parties may listen to the teleconference via telephone by calling 1-888-388-7493 if calling from the US or Canada ... » Continuing reading this story
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Tidewater to Present at the Howard Weil 2007 Energy Conference
March 27, 2007

NEW ORLEANS--(BUSINESS WIRE)--March 27, 2007--Tidewater Inc. (NYSE: TDW) announced today that Dean Taylor, Chairman, President and Chief Executive Officer will present at the Howard Weil 2007 Energy Conference in New Orleans, Louisiana, on Wednesday, April 4, 2007, at 8:00 a.m. CDST. Upon completion of the presentation, the company will file a Form 8-K with the SEC which will include a copy of the PowerPoint(TM) presentation. Tidewater Inc. owns 466 vessels, the world's largest fl... » Continuing reading this story
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Tidewater Amends Bylaws and Reappoints Two Directors to Board
February 02, 2007

NEW ORLEANS--(BUSINESS WIRE)--Feb. 2, 2007--Tidewater Inc. (NYSE: TDW) announced today that it has taken action to implement the board declassification proposal which has been sponsored by the Board of Directors and approved by the stockholders at the 2006 annual meeting. The Board of Directors has amended the Company's Bylaws to phase out the Company's classified board structure beginning with the 2007 annual meeting, with all director nominees at the 2007 annual meeting and thereaft... » Continuing reading this story
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Tidewater Declares Quarterly Dividend on Common Stock
February 01, 2007

NEW ORLEANS--(BUSINESS WIRE)--Feb. 1, 2007--Tidewater Inc. (NYSE:TDW) announced today that its board of directors has declared a quarterly dividend of $.15 per share on Tidewater's approximately 55.7 million shares of common stock outstanding. The dividend was declared during a regular meeting of the board and is payable February 22, 2007 to shareholders of record on February 12, 2007. Tidewater Inc. owns over 450 vessels, the world's largest fleet of vessels serving the glob... » Continuing reading this story
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Tidewater to Present at the Credit Suisse Energy Summit Conference
January 30, 2007

NEW ORLEANS, Jan 30, 2007 (BUSINESS WIRE) -- Tidewater Inc. (NYSE: TDW) announced today that Dean Taylor, Chairman, President and Chief Executive Officer and Joseph M. Bennett, Senior Vice President, Principal Accounting Officer and Chief Investor Relations Officer will present at the 2007 Credit Suisse Energy Summit Conference in Vail, Colorado on Tuesday, February 6, 2007 at 1:20 p.m. CST (12:20 p.m. Mountain). The presentation will be available via real-time webcast at http://www.tdw.co... » Continuing reading this story
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Tidewater Reports Third Quarter Results For Fiscal 2007
January 24, 2007

NEW ORLEANS--(BUSINESS WIRE)--Jan. 24, 2007--Tidewater Inc. (NYSE:TDW) announced today third quarter net earnings for the period ended December 31, 2006, of $93.4 million, or $1.67 per common share, on revenues of $287.9 million. Included in the current quarter's net earnings is a pre-tax financial gain of $6.0 million ($3.7 million after tax, or $0.07 per common share) related to the December 2006 sale of three of the company's offshore tug vessels to Crosby Marine Transportation, LL... » Continuing reading this story
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Tidewater Issues Earnings Guidance For Quarter Ended December 31, 2006
January 16, 2007

NEW ORLEANS--(BUSINESS WIRE)--Jan. 16, 2007--Tidewater Inc. (NYSE: TDW) announced today that it expects fiscal third quarter financial results to exceed current earnings expectations. For the three months ended December 31, 2006, the Company is currently estimating diluted earnings per share between $1.61 and $1.68. This estimate includes a $0.07 per share gain from the December 2006 sale of three of the company's offshore tug vessels to Crosby Marine Transportation, LLC in completion ... » Continuing reading this story
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Issuers Voluntarily Withdraw Dual Listing from NYSE Arca
January 08, 2007

NYSE Arca, Inc. (formerly the Pacific Exchange), on behalf of the following companies, has today announced that these companies plan to voluntarily withdraw the following securities from listing on NYSE Arca, Inc. In each case, the securities will continue to be listed on the New York Stock Exchange. The Adams Express Company Bluegreen Corporation Caterpillar Inc. Constellation Energy Group, Inc. Champion Enterprises, Inc. Danaher Corporation Federal National Mortgage Association ("F... » Continuing reading this story
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Tidewater Announces Conference Call
January 03, 2007

NEW ORLEANS--(BUSINESS WIRE)--Jan. 3, 2007--Tidewater Inc. (NYSE: TDW) announced today that its fiscal 2007 third quarter (ended December 31, 2006) earnings release and conference call have been scheduled for Wednesday, January 24, 2007. The press release will be issued before the market opens and the conference call will begin at 9:00 a.m. CST. Investors and interested parties may listen to the teleconference via telephone by calling 1-888-388-7493 if calling from the U.S. or Can... » Continuing reading this story
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Tidewater to Present at the Pritchard Capital Partners Conference
January 03, 2007

NEW ORLEANS--(BUSINESS WIRE)--Jan. 3, 2007--Tidewater Inc. (NYSE: TDW) announced today that J. Keith Lousteau, Chief Financial Officer, Executive Vice President and Treasurer and Joseph M. Bennett, Senior Vice President, Principal Accounting Officer and Chief Investor Relations Officer will present at the Pritchard Capital Partners "Energize 2007: New Year, New Realities" Conference in San Francisco, CA on Wednesday, January 10, 2007 at 1:00 p.m. CST (11:00 a.m. Pacific). The PowerPoi... » Continuing reading this story
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