2006 Tidewater News

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Tidewater to Present at the Louisiana Energy Annual Conference
November 22, 2006

NEW ORLEANS--(BUSINESS WIRE)--Nov. 22, 2006--Tidewater Inc. (NYSE: TDW) announced today that Dean Taylor, Chairman, President and Chief Executive Officer, will present at the Louisiana Energy Conference in New Orleans on Wednesday, November 29, 2006 at 1:00 p.m. CST (2:00 p.m. Eastern). The presentation will be available via real-time webcast at http://www.tdw.com. Playback will be available at 3:00 p.m. CST on November 29, 2006. Tidewater Inc. owns over 491 vessels, the world's l... » Continuing reading this story
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Tidewater Declares Quarterly Dividend on Common Stock
November 16, 2006

NEW ORLEANS--(BUSINESS WIRE)--Nov. 16, 2006--Tidewater Inc. (NYSE:TDW) announced today that its board of directors has declared a quarterly dividend of $.15 per share on Tidewater's approximately 55.5 million shares of common stock outstanding. The dividend was declared during a regular meeting of the board and is payable December 7, 2006 to shareholders of record on November 27, 2006. Tidewater Inc. owns over 491 vessels, the world's largest fleet of vessels serving the glob... » Continuing reading this story
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Tidewater to Present at Two Conferences - the JPMorgan Small/Mid Cap Conference & Bank of America 2006 Energy Conference
November 07, 2006

NEW ORLEANS--(BUSINESS WIRE)--Nov. 7, 2006--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 two upcoming conferences - the JPMorgan Small/Mid Cap Conference in Boston on Monday, November 13, 2006 at 10:00 a.m. CST (11:00 a.m. Eastern) and the Bank of America 2006 Energy Conferen... » Continuing reading this story
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Tidewater Announces Expiration of Rights Plan
November 01, 2006

NEW ORLEANS, Nov 01, 2006 (BUSINESS WIRE) -- Tidewater Inc. (NYSE:TDW) announced today that the Company's Stockholder Rights Plan expired in accordance with its terms on November 1, 2006. While the Company is not currently considering the adoption of a new stockholder rights plan, the Board of Directors has adopted a policy preserving its ability to implement a stockholder rights plan in the future. This newly adopted rights plan policy provides that in the future the Board will only adopt... » Continuing reading this story
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Tidewater Reports Second Quarter Results For Fiscal 2007
October 25, 2006

NEW ORLEANS--(BUSINESS WIRE)--Oct. 25, 2006--Tidewater Inc. (NYSE:TDW) announced today second quarter net earnings for the period ended September 30, 2006, of $104.2 million, or $1.86 per common share, on revenues of $274.0 million. For the same quarter last year, net earnings were $82.2 million, or $1.42 per common share, on revenues of $204.4 million. The immediately preceding quarter ended June 30, 2006, had net earnings of $71.4 million, or $1.23 per common share, on revenues of $... » Continuing reading this story
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Tidewater Announces Conference Call
September 29, 2006

NEW ORLEANS--(BUSINESS WIRE)--Sept. 29, 2006--Tidewater Inc. (NYSE: TDW) announced today that its fiscal 2007 second quarter (ended September 30, 2006) earnings release and conference call have been scheduled for Wednesday, October 25, 2006. 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. o... » Continuing reading this story
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Tidewater Elects M. Jay Allison To Its Board of Directors
September 21, 2006

NEW ORLEANS--(BUSINESS WIRE)--Sept. 21, 2006--Tidewater (NYSE:TDW) today announced the election of M. Jay Allison to its Board of Directors for a term expiring in July 2007. Mr. Allison is the President, Chief Executive Officer, and Chairman of the Board of Directors of Comstock Resources, Inc., an independent energy company engaged in the exploration, development and production of oil and natural gas properties. Mr. Allison has been a director of Comstock since June 1987, and has... » Continuing reading this story
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Tidewater to Present at the Lehman Brothers CEO Energy Conference
August 31, 2006

NEW ORLEANS, Aug 31, 2006 (BUSINESS WIRE) -- Tidewater Inc. (NYSE:TDW) announced today that Dean Taylor, Chairman, President and Chief Executive Officer and J. Keith Lousteau, Chief Financial Officer, Executive Vice President and Treasurer, will present at the Lehman Brothers CEO Energy Conference in New York on Tuesday, September 5, 2006 at 2:45 p.m. CDST (3:45 p.m. Eastern). The presentation will be available via real-time webcast at http://www.tdw.com. Playback will be available at 8:00... » Continuing reading this story
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Tidewater Announces Christening of New Vessel M/V PAT TAYLOR
August 21, 2006

NEW ORLEANS--(BUSINESS WIRE)--Aug. 21, 2006--Tidewater Inc. (NYSE: TDW) announced today that one of its new vessels, the M/V PAT TAYLOR, named in honor of the late New Orleans businessman, Patrick F. Taylor, will be christened on Monday, August 21, 2006, at the wharf of the Hilton New Orleans Riverside. Mrs. Phyllis M. Taylor, wife of Pat Taylor and current Chairman and CEO of Taylor Energy Company LLC, will christen the new 220' platform supply vessel which was built by Quality Shipyards... » Continuing reading this story
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Tidewater Announces Closing on Sale of 10 Offshore Tugs
August 17, 2006

NEW ORLEANS--(BUSINESS WIRE)--Aug. 17, 2006--Tidewater Inc. (NYSE:TDW) announced today the closing on the sale of ten offshore tugs for a total cash price of $31.5 million. The culmination of this transaction results in an approximate $24 million pre-tax financial gain, or $.27 per common share after tax. The company previously announced that it had entered into a definitive agreement with Crosby Marine Transportation, LLC to sell a total of 14 offshore tugs. The balance of the four t... » Continuing reading this story
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Tidewater Announces Pending Sale of 14 Offshore Tugs
August 11, 2006

NEW ORLEANS--(BUSINESS WIRE)--Aug. 11, 2006--Tidewater Inc. (NYSE:TDW) announced today that it has entered into a definitive agreement with Crosby Marine Transportation, LLC to sell 14 of its offshore tugs, 12 of which currently constitute Tidewater's total domestic fleet of offshore tugs. In addition, two tugs scheduled to return from international assignments in the Middle East are included in the transaction. The sale of ten of the tugs is expected to close by the end of August, wi... » Continuing reading this story
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CORRECTING and REPLACING Tidewater Reports First Quarter Results For Fiscal 2007
July 27, 2006

NEW ORLEANS--(BUSINESS WIRE)--July 27, 2006--In BW5449 issued July 27, 2006: This corrects the number alignment in the table UNAUDITED CONDENSED CONSOLIDATED BALANCE SHEETS, line item "Long-term debt." The line Long-term debt should read: 300,000 under June 30, 2006 and 300,000 under March 31, 2006. The corrected release reads: TIDEWATER REPORTS FIRST QUARTER RESULTS FOR FISCAL 2007 Tidewater Inc. (NYSE:TDW) announced today first quarter net earnings for the period ... » Continuing reading this story
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Tidewater Reports First Quarter Results For Fiscal 2007
July 27, 2006

NEW ORLEANS--(BUSINESS WIRE)--July 27, 2006--Tidewater Inc. (NYSE:TDW) announced today first quarter net earnings for the period ended June 30, 2006, of $71.4 million, or $1.23 per common share, on revenues of $269.8 million. For the same quarter last year, net earnings were $28.9 million, or $.50 per common share, on revenues of $192.2 million. The immediately preceding quarter ended March 31, 2006, had net earnings of $64.7 million, or $1.11 per common share, on revenues of $246.5 m... » Continuing reading this story
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Tidewater Elects Nicholas J. Sutton To Its Board of Directors
July 24, 2006

NEW ORLEANS--(BUSINESS WIRE)--July 24, 2006--Tidewater (NYSE: TDW) today announced the election of Nicholas J. Sutton to its Board of Directors for a term expiring in July 2007. Mr. Sutton comes to Tidewater with a distinguished and successful career in the oil and gas industry. Mr. Sutton is the Chairman and Chief Executive Officer of Resolute Natural Resources Company, an independent energy producer headquartered in Denver, Colorado. He currently serves on the boards of Resolute... » Continuing reading this story
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Tidewater Declares Quarterly Dividend on Common Stock and Continues Plans to Repurchase Shares of its Common Stock
July 20, 2006

NEW ORLEANS--(BUSINESS WIRE)--July 20, 2006--Tidewater Inc. (NYSE:TDW) announced today that its Board of Directors declared a quarterly dividend of $.15 per share on Tidewater's approximately 56.3 million shares of common stock outstanding which excludes shares held by the Company's grantor stock ownership trust. The dividend was declared during a regular meeting of the Board and is payable August 10, 2006, to shareholders of record on July 31, 2006. The Company also announce... » Continuing reading this story
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Tidewater Announces Annual Shareholders' Meeting Webcast
July 20, 2006

NEW ORLEANS, Jul 20, 2006 (BUSINESS WIRE) -- 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 20, 2006, at the Tidewater Website and at the CCBN Website. The online replay will be available until August 20, 2006. The annual stockholders' meeting will be held at 10:00 a.m. CDST ... » Continuing reading this story
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Tidewater Promotes Jeffrey M. Platt
July 07, 2006

NEW ORLEANS--(BUSINESS WIRE)--July 7, 2006--Tidewater Inc. (NYSE: TDW) announced today that Jeffrey M. Platt, currently a Senior Vice President of the Company, has been promoted to the position of Executive Vice President, effective July 1, 2006. Mr. Platt will be responsible for overseeing the day-to-day marine operations of the Company, both domestically and internationally. Mr. Platt is a 1979 graduate of the University of Pittsburgh with a degree in Electrical Engineering. Pla... » Continuing reading this story
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Tidewater Announces Conference Call
June 28, 2006

NEW ORLEANS--(BUSINESS WIRE)--June 28, 2006--Tidewater Inc. (NYSE:TDW) announced today that its fiscal 2007 first quarter (ended June 30, 2006) earnings release and conference call have been scheduled for Thursday, July 27, 2006. 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 Canada (1... » Continuing reading this story
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Tidewater Announces New Manager of Engineering & Technical Services
May 05, 2006

NEW ORLEANS--(BUSINESS WIRE)--May 5, 2006--Tidewater Inc. (NYSE:TDW) announced today that Archibald (Archie) M.S. Morgan, IV, has joined Tidewater Marine, L.L.C. as Manager of Engineering and Technical Services. Mr. Morgan was most recently the Operations Manager of Alliance Marine Services in Houston, Texas, and has 18 years of international ship management experience, including technical fleet management, crew management, and assignments as chief engineer aboard U.S. and foreign fla... » Continuing reading this story
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Tidewater Reports Fourth Quarter Results and Year End Earnings For Fiscal 2006
May 03, 2006

HOUSTON--(BUSINESS WIRE)--May 3, 2006--Tidewater Inc. (NYSE:TDW) announced today fourth quarter net earnings for the period ended March 31, 2006, of $64.7 million, or $1.11 per share, on revenues of $246.5 million. For the same quarter last year, net earnings were $52.4 million, or $.91 per share, on revenues of $179.6 million. For fiscal year ended March 31, 2006, net earnings were $235.8 million, or $4.07 per share, on revenues of $877.6 million. For the fiscal year ended March 31, ... » Continuing reading this story
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Tidewater Teams with Stern Stewart to Adopt Economic Value Added (EVA(R)) Framework
May 03, 2006

HOUSTON, May 03, 2006 (BUSINESS WIRE) -- Tidewater Inc. (NYSE:TDW) announced today that it has adopted the Economic Value Added (EVA) management and incentive system. Tidewater has partnered with Stern Stewart & Co., the New York-based management consulting firm and pioneering developer of the EVA concept, to assist in the implementation. "The EVA framework naturally complements our long-standing goal of maintaining financial health and sound business practices, and will help us maintai... » Continuing reading this story
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Tidewater Declares Quarterly Dividend on Common Stock
April 17, 2006

HOUSTON--(BUSINESS WIRE)--April 17, 2006--Tidewater Inc. (NYSE:TDW) announced today that its board of directors declared a quarterly dividend of $.15 per share on Tidewater's approximately 57 million shares of common stock outstanding. The dividend was declared during a regular meeting of the board and is payable May 8, 2006, to shareholders of record on April 27, 2006. Tidewater Inc. owns and operates over 525 vessels, the world's largest fleet of vessels serving the global ... » Continuing reading this story
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Tidewater Announces Conference Call
April 13, 2006

HOUSTON--(BUSINESS WIRE)--April 13, 2006--Tidewater Inc. (NYSE: TDW) announced today that its fiscal 2006 fourth quarter (ended March 31, 2006) earnings release and conference call have been scheduled for Wednesday, May 3, 2006. 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 US or Canada (1-706... » Continuing reading this story
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Tidewater Announces The Release of Hostages
January 30, 2006

NEW ORLEANS--(BUSINESS WIRE)--Jan. 30, 2006--Tidewater Inc. (NYSE: TDW) announced today that it is pleased to confirm that the four workers who were abducted by armed force and taken hostage from its offshore supply vessel LIBERTY SERVICE offshore the Niger Delta on January 11, 2006, were released safe and well in the early morning hours of January 30, 2006. Three of the hostages were employees of Tidewater Crewing Limited, a Tidewater subsidiary. They were Captain Patrick Landry, 61 ... » Continuing reading this story
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Tidewater Reports Third Quarter Results For Fiscal 2006
January 24, 2006

NEW ORLEANS--(BUSINESS WIRE)--Jan. 24, 2006--Tidewater Inc. (NYSE:TDW) announced today third quarter net earnings for the period ended December 31, 2005, of $60.0 million, or $1.04 diluted earnings per common share, on revenues of $234.6 million. For the same quarter last year, net earnings were $19.8 million, or $.34 per share, on revenues of $187.6 million. Net earnings in the immediately preceding quarter ended September 30, 2005, were $82.2 million, or $1.42 per share (inclusive o... » Continuing reading this story
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Tidewater Reschedules Conference Call
January 13, 2006

HOUSTON, Jan 13, 2006 (BUSINESS WIRE) -- Tidewater Inc. (NYSE: TDW) announced today that it has rescheduled its fiscal 2006 third quarter (ended December 31, 2005) conference call start time due to scheduling conflicts. The earnings release and conference call are scheduled for Tuesday, January 24, 2006. 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 tele... » Continuing reading this story
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Tidewater Declares Quarterly Dividend on Common Stock
January 12, 2006

HOUSTON--(BUSINESS WIRE)--Jan. 12, 2006--Tidewater Inc. (NYSE:TDW) announced today that its board of directors declared a quarterly dividend of $.15 per share on Tidewater's approximately 57 million shares of common stock outstanding. The dividend was declared during a regular meeting of the board and is payable February 2, 2006, to shareholders of record on January 23, 2006. Tidewater Inc. owns and operates approximately 550 vessels, the world's largest fleet of vessels serv... » Continuing reading this story
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Tidewater Issues Positive Earnings Guidance For Quarter Ended December 31, 2005 and Announces Quarterly Conference Call
January 10, 2006

HOUSTON--(BUSINESS WIRE)--Jan. 10, 2006--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, 2005, the Company is currently estimating diluted earnings per share between $1.02 - $1.06. The Thomson First Call consensus estimate is currently $0.87 per share. The increase in estimated earnings is resulting from improved average vessel utilization and dayrates... » Continuing reading this story
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