2005 Tidewater News

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Tidewater Declares Quarterly Dividend on Common Stock
November 17, 2005

HOUSTON--(BUSINESS WIRE)--Nov. 17, 2005--Tidewater Inc. (NYSE:TDW) announced today that its board of directors has declared a quarterly dividend of $.15 per share on Tidewater's approximately 57.5 million shares of common stock outstanding. The dividend was declared during a regular meeting of the board and is payable December 8, 2005, to shareholders of record on November 28, 2005. Tidewater Inc. owns and operates over 570 vessels, the world's largest fleet of vessels servin... » Continuing reading this story
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Tidewater Reports Second Quarter Results for Fiscal 2006
October 27, 2005

HOUSTON--(BUSINESS WIRE)--Oct. 27, 2005--Tidewater Inc. (NYSE:TDW) announced today second quarter net earnings for the period ended September 30, 2005, of $82.2 million, or $1.42 per share, on revenues of $204.4 million. For the same quarter last year, net earnings were $16.3 million, or $.29 per share, on revenues of $166.8 million. Net earnings in the immediately preceding quarter ended June 30, 2005, were $28.9 million, or $.50 per share, on revenues of $192.2 million. As previ... » Continuing reading this story
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Tidewater Announces Conference Call
October 04, 2005

HOUSTON--(BUSINESS WIRE)--Oct. 4, 2005--Tidewater Inc. (NYSE: TDW) announced today that its fiscal 2006 second quarter (ended September 30, 2005) earnings release and conference call are scheduled for Thursday, October 27, 2005. 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 (1-7... » Continuing reading this story
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Tidewater Reports No Damage or Service Interruptions Resulting from Hurricane Rita
September 27, 2005

NEW ORLEANS--(BUSINESS WIRE)--Sept. 27, 2005--Tidewater (NYSE: TDW) announced today that it has not experienced any injuries to its personnel, or any damage or interruption of service to any of its vessels currently serving the oil and gas industry in the Gulf of Mexico as a result of Hurricane Rita. The Company's main operational base in Amelia, Louisiana was also unaffected except for limited power and telephone outages. The Company does not expect that there will be any material im... » Continuing reading this story
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Tidewater Reports No Damage or Service Interruption Resulting from Hurricane Katrina
September 01, 2005

NEW ORLEANS--(BUSINESS WIRE)--Sept. 1, 2005--Tidewater (NYSE:TDW) announced today that it has not experienced any damage or interruption of service to its fleet of vessels currently serving the offshore oil and gas industry in the Gulf of Mexico. The company's main operational base in Amelia Louisiana was also unaffected except for power and telephone outages. At this time, the Company does not expect that the aftermath of Hurricane Katrina will have any material impact on its ability... » Continuing reading this story
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Tidewater Reports First Quarter Results For Fiscal 2006
July 26, 2005

NEW ORLEANS--(BUSINESS WIRE)--July 26, 2005--Tidewater Inc. (NYSE:TDW) announced today first quarter net earnings for the period ended June 30, 2005, of $28.9 million, or $.50 per share, on revenues of $192.2 million. For the same quarter last year, net earnings were $12.9 million, or $.23 per share, on revenues of $158.1 million. The immediately preceding quarter ended March 31, 2005, net earnings were $52.4 million, or $.91 per share, on revenues of $179.6 million. Included in the March... » Continuing reading this story
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Tidewater Announces Pending Sale of Six KMAR 404 Vessels and Plans to Repurchase Shares of its Common Stock
July 25, 2005

NEW ORLEANS--(BUSINESS WIRE)--July 25, 2005--Tidewater Inc. (NYSE:TDW) announced today the pending sale of six of its KMAR 404 class of Anchor Handling Towing Supply vessels to Deep Sea Supply ASA for a total cash price of $188 million. All conditions precedent to close, including the receipt by Tidewater of a non-refundable 10% deposit and the deposit by the purchaser of the balance of the purchase price into an escrow account, have been completed and the transaction is expected to c... » Continuing reading this story
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Tidewater Declares Quarterly Dividend on Common Stock
July 21, 2005

NEW ORLEANS--(BUSINESS WIRE)--July 21, 2005--Tidewater Inc. (NYSE:TDW) announced today that its board of directors has declared a quarterly dividend of $.15 per share on Tidewater's approximately 57.5 million shares of common stock outstanding. The dividend was declared during a regular meeting of the board and is payable August 11, 2005, to shareholders of record on August 1, 2005. Tidewater Inc. owns and operates over 560 vessels, the world's largest fleet of vessels servin... » Continuing reading this story
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Tidewater Reports First Quarter Results for Fiscal 2006 and Announces Annual Shareholders' Meeting Webcast
July 21, 2005

NEW ORLEANS--(BUSINESS WIRE)--July 21, 2005--Tidewater Inc. (NYSE:TDW) announced today first quarter net earnings for the period ended June 30, 2005, of $28.9 million, or $.50 per common share, on revenues of $192.2 million. For the same quarter last year, net earnings were $12.9 million, or $.23 per common share, on revenues of $158.1 million. For the immediately preceding quarter ended March 31, 2005, net earnings were $52.4 million, or $.91 per common share, on revenues of $179.6 m... » Continuing reading this story
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Tidewater Announces Conference Call
July 01, 2005

NEW ORLEANS--(BUSINESS WIRE)--July 1, 2005--Tidewater Inc. (NYSE: TDW) announced today that its fiscal 2006 first quarter (ended June 30, 2005) earnings release and conference call have been scheduled for Tuesday, July 26, 2005. The press release will be issued before the market opens and the conference call will begin at 8:00 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 Declares Quarterly Dividend on Common Stock
May 26, 2005

NEW ORLEANS--(BUSINESS WIRE)--May 26, 2005--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 June 16, 2005, to shareholders of record on June 6, 2005. Tidewater Inc. owns and operates nearly 570 vessels, the world's largest fleet of vessels serving the glo... » Continuing reading this story
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Tidewater Announces New Officer Promotion
May 26, 2005

NEW ORLEANS--(BUSINESS WIRE)--May 26, 2005--Tidewater Inc. (NYSE: TDW) recently announced the promotion of Gerard P. Kehoe to Vice President and Officer of Tidewater Inc. The promotion was effective as of May 15, 2005. Mr. Kehoe joined Tidewater in July 1999 as Area Manager for Venezuela following a successful career with the Dowell division of Schlumberger (NYSE: SLB) where he held several technical and general manager positions. In September 2001, he was appointed Area Manager ... » Continuing reading this story
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Tidewater Reports Fourth Quarter Results and Year End Earnings for Fiscal 2005
April 27, 2005

NEW ORLEANS--(BUSINESS WIRE)--April 27, 2005--Tidewater Inc. (NYSE:TDW) announced today fourth quarter net earnings for the period ended March 31, 2005, of $52.4 million, or $.91 per share, on revenues of $179.6 million. For the same quarter last year, there was a net loss of $7.0 million, or $.12 per share, on revenues of $154.2 million. For fiscal year ended March 31, 2005, net earnings were $101.3 million, or $1.78 per share, on revenues of $692.2 million. For the fiscal year ended Mar... » Continuing reading this story
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Tidewater Announces New Officer Promotions
April 13, 2005

NEW ORLEANS--(BUSINESS WIRE)--April 13, 2005--Tidewater Inc. (NYSE:TDW) recently announced the Officer promotions of Joseph M. Bennett to Senior Vice President, Principal Accounting Officer, and Chief Investor Relations Officer; William R. Brown IV to Vice President; and Craig Demarest to Controller. The promotions were effective as of April 1, 2005. Mr. Bennett has held an Officer position at Tidewater for 13 years. He joined Tidewater in March 1990 as Corporate Controller and w... » Continuing reading this story
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Tidewater Announces Conference Call
April 07, 2005

NEW ORLEANS--(BUSINESS WIRE)--April 7, 2005--Tidewater Inc. (NYSE:TDW) announced today that its fiscal 2005 fourth quarter (ended March 31, 2005) earnings release and conference call have been scheduled for Wednesday, April 27, 2005. 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 ... » Continuing reading this story
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Tidewater Inc. - KMAR Sale of Vessels
April 04, 2005

NEW ORLEANS--(BUSINESS WIRE)--April 4, 2005--Tidewater Inc. (NYSE:TDW) announced today that the prospective purchaser of up to six of its KMAR Anchor Handling Vessels advised Tidewater at the close of business on April 1 that, although the purchaser intended to continue its efforts to complete the transaction at the price and on the terms previously agreed, it had not been successful in satisfying one of the closing conditions by an agreed date. Tidewater had previously announced the ... » Continuing reading this story
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Tidewater Elects Jack Thompson to Its Board of Directors and Appoints Paul W. Murrill as Lead Director
March 31, 2005

NEW ORLEANS--(BUSINESS WIRE)--March 31, 2005--Tidewater (NYSE:TDW) today announced the election of Jack Thompson to its Board of Directors for a term expiring in July 2005. Mr. Thompson comes to Tidewater with a distinguished and successful career in the gold mining industry. He currently serves on the Boards of Directors of Barrick Gold Corp. (until April 28, 2005), Stillwater Mining Co., Phelps Dodge Corp., and Century Aluminum Co. In 1971, following his graduation from the ... » Continuing reading this story
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Tidewater Announces Sale of Six Vessels
March 14, 2005

NEW ORLEANS--(BUSINESS WIRE)--March 14, 2005--Tidewater Inc. (NYSE:TDW) announced today that it has entered into a Letter of Intent to sell up to six of its KMAR 404 class of Anchor Handling Towing Supply vessels. The sale price, if all six vessels are ultimately sold, will amount to $202,000,000 and result in a reported financial gain of approximately $80,000,000. The transaction, as structured, calls for multiple closings throughout 2005 on five of the vessels as they end existing c... » Continuing reading this story
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Tidewater Reports Third Quarter Results For Fiscal 2005
January 28, 2005

NEW ORLEANS--(BUSINESS WIRE)--Jan. 28, 2005--Tidewater Inc. (NYSE:TDW) announced today third quarter net earnings for the period ended December 31, 2004, of $19.8 million, or $.34 diluted earnings per common share, on revenues of $187.6 million. For the same quarter last year, net earnings were $18.3 million, or $.32 per share, on revenues of $169.4 million. Net earnings in the immediately preceding quarter ended September 30, 2004, were $16.3 million, or $.29 per share, on revenues of $1... » Continuing reading this story
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Tidewater Declares Quarterly Dividend on Common Stock
January 27, 2005

NEW ORLEANS, Jan 27, 2005 (BUSINESS WIRE) -- 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 17, 2005, to shareholders of record on February 7, 2005. Tidewater Inc. owns and operates nearly 570 vessels, the world's largest fleet of vessels serving th... » Continuing reading this story
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Tidewater Reschedules Conference Call
January 14, 2005

NEW ORLEANS--(BUSINESS WIRE)--Jan. 14, 2005--Tidewater Inc. (NYSE:TDW) announced today that it has rescheduled its fiscal 2005 third quarter (ended December 31, 2004) conference call start time due to scheduling conflicts. The earnings release and conference call are scheduled for Friday, January 28, 2005. The press release will be issued before the market opens and the conference call will begin at 8:00 A.M. CST. Investors and interested parties may listen to the teleconference ... » Continuing reading this story
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Tidewater Announces Conference Call
January 05, 2005

NEW ORLEANS--(BUSINESS WIRE)--Jan. 5, 2005--Tidewater Inc. (NYSE: TDW) announced today that its fiscal 2005 third quarter (ended December 31, 2004) earnings release and conference call have been scheduled for Friday, January 28, 2005. 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 US or Canada ... » Continuing reading this story
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