2003 Tidewater News

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Tidewater Elects Wayne Leonard To Its Board of Directors
November 20, 2003

NEW ORLEANS--(BUSINESS WIRE)--Nov. 20, 2003--Tidewater (NYSE:TDW) today announced the election of Wayne Leonard to its Board of Directors for a term expiring July 2004. Mr. Leonard comes to Tidewater with a distinguished and successful career in the gas and utilities industry. He was appointed chief executive officer of Entergy in 1999 and still serves in that capacity. Mr. Leonard earned his Bachelor's degree in accounting in 1973 from Ball State University and his MBA from ... » Continuing reading this story
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Tidewater Declares Quarterly Dividend on Common Stock
November 20, 2003

NEW ORLEANS--(BUSINESS WIRE)--Nov. 20, 2003--Tidewater Inc. (NYSE:TDW) announced today that its board of directors declared a quarterly dividend of $.15 per share on Tidewater's approximately 56 million shares of common stock outstanding. The dividend was declared during a regular meeting of the board and is payable December 11, 2003, to shareholders of record on December 1, 2003. Tidewater Inc. owns and operates over 570 vessels, the world's largest fleet of vessels serving ... » Continuing reading this story
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Tidewater Reports Second Quarter Results For Fiscal 2004
October 23, 2003

NEW ORLEANS, Oct 23, 2003 (BUSINESS WIRE) -- Tidewater Inc. (NYSE:TDW) announced today second quarter net earnings for the period ended September 30, 2003, of $12.3 million, or $.22 per share, on revenues of $164.2 million. For the same quarter last year, net earnings were $23.4 million, or $.41 per share, on revenues of $158.6 million. Net earnings in the immediately preceding quarter ended June 30, 2003, were $18 million, or $.32 per share, on revenues of $164.8 million. As previou... » Continuing reading this story
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Tidewater Issues Earnings Guidance For Quarter Ended September 30, 2003
October 09, 2003

NEW ORLEANS--(BUSINESS WIRE)--Oct. 9, 2003--Tidewater Inc. (NYSE: TDW) announced today that it expects fiscal second quarter financial results to be below current analysts' earnings expectations. For the three months ended September 30, 2003, the Company is currently estimating diluted earnings per share of $0.20-$0.23. The Thomson First Call consensus earnings estimate is currently $0.31 per share. Lower utilization for the Company's supply and towing supply vessels in certain inte... » Continuing reading this story
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Tidewater Announces Conference Call
October 01, 2003

NEW ORLEANS--(BUSINESS WIRE)--Oct. 1, 2003--Tidewater Inc. (NYSE:TDW) announced today that its fiscal 2004 second quarter (ended September 30, 2003) earnings release and conference call have been scheduled for Thursday, October 23, 2003. The press release will be issued before the market opens and the conference call will begin at 10:00 a.m. CT. Investors and interested parties may listen to the teleconference via telephone by calling 1-888-388-7493 if calling from the US or Cana... » Continuing reading this story
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Tidewater Elects Richard du Moulin to Its Board of Directors
September 25, 2003

NEW ORLEANS--(BUSINESS WIRE)--Sept. 25, 2003--Tidewater (NYSE: TDW) today announced the election of Richard du Moulin to its Board of Directors for a term expiring in July 2004. Born in New York City, Mr. du Moulin comes to Tidewater following a distinguished and successful career in the shipping industry. He currently is serving as President of Intrepid Shipping. After graduating from Dartmouth College in 1969, Mr. du Moulin served in the US Navy from 1969 to 1972. In 1974, h... » Continuing reading this story
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Tidewater Announces Renewal of Revolving Credit Facility and Commitments to Build Eight New Vessels
August 28, 2003

NEW ORLEANS, Aug 28, 2003 (BUSINESS WIRE) -- Tidewater Inc. (NYSE:TDW) announced today that it has completed an increase and extension of its current Revolving Credit Facility. The current facility, which was set for expiration on April 30, 2004, has been expanded by $95,000,000 to a new level of $295,000,000 with an extended maturity date of April 30, 2008. Additionally, Tidewater also announced that it has entered into not previously announced contracts for the building of an addition... » Continuing reading this story
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Tidewater Contributes to Family of Fallen Soldier
August 12, 2003

NEW ORLEANS--(BUSINESS WIRE)--Aug. 12, 2003--Tidewater Inc. (NYSE:TDW) announced today the naming of an oil service supply ship in memory of 1st Lt. Jonathan Rozier and the contribution of $5000 to the Justin David Rozier Scholarship Fund for the benefit of Lt. Rozier's infant son. Lt. Rozier, 22, was slain in Iraq on July 27 when his military vehicle was hit by rocket-propelled grenades. He is survived by his 22 year-old wife, Jessica, and their 9-month old son, Justin. He was assi... » Continuing reading this story
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Taylor Elected As Chairman of Tidewater Inc.
July 31, 2003

NEW ORLEANS, Jul 31, 2003 (BUSINESS WIRE) -- Tidewater Inc. (NYSE:TDW) announced today that Dean E. Taylor has been elected as Chairman of its Board of Directors. Taylor will also retain the positions of President and Chief Executive Officer, which positions he has held since October 2001 and March 2002, respectively. Taylor is replacing William C. O'Malley, who has served as Chairman of the Board since 1994. O'Malley will continue as a director of the Company, having been reelected by ... » Continuing reading this story
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Tidewater Declares Quarterly Dividend on Common Stock and Announces Annual Meeting Webcast
July 31, 2003

NEW ORLEANS--(BUSINESS WIRE)--July 31, 2003--Tidewater Inc. (NYSE:TDW) announced today that its board of directors declared a quarterly dividend of $.15 per share on Tidewater's approximately 56 million shares of common stock outstanding. The dividend was declared during a regular meeting of the board and is payable August 21, 2003, to shareholders of record on August 11, 2003. The Company also announced today that a delayed Webcast of a presentation by its CEO, Dean Taylor, ... » Continuing reading this story
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Tidewater Reports First Quarter Results For Fiscal 2004
July 22, 2003

NEW ORLEANS--(BUSINESS WIRE)--July 22, 2003--Tidewater Inc. (NYSE: TDW) announced today first quarter net earnings for the period ended June 30, 2003, of $18 million, or $.32 per share, on revenues of $164.8 million. For the same quarter last year, net earnings were $23 million, or $.41 per share, on revenues of $160.3 million. Net earnings in the immediately preceding quarter ended March 31, 2003, were $18.6 million, or $.33 per share, on revenues of $153.9 million. Tidewater will ... » Continuing reading this story
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Tidewater Announces Debt Issuance
July 09, 2003

NEW ORLEANS--(BUSINESS WIRE)--July 9, 2003--Tidewater Inc. (NYSE:TDW) announced today that it has completed the issuance and funding of $300,000,000 of senior unsecured notes. The multiple series of notes with maturities ranging from 7 years to 12 years have an average outstanding life to maturity of 9.5 years, although the notes can be paid before maturity. The average interest rate on the notes sold to private institutional investors is 4.35 percent. Proceeds of $245,000,000 fro... » Continuing reading this story
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Tidewater Announces Conference Call
July 07, 2003

NEW ORLEANS--(BUSINESS WIRE)--July 7, 2003--Tidewater Inc. (NYSE: TDW) announced today that its fiscal 2004 first quarter earnings release and conference call have been scheduled for Tuesday, July 22, 2003. 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 888/388-7493 (706/679-8348 if outside the United States) and asking for the... » Continuing reading this story
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Tidewater Declares Quarterly Dividend On Common Stock
May 22, 2003

NEW ORLEANS--(BUSINESS WIRE)--May 22, 2003--Tidewater Inc. (NYSE:TDW) announced today that its board of directors declared a quarterly dividend of $.15 per share on Tidewater's approximately 56 million shares of common stock outstanding. The dividend was declared during a regular meeting of the board and is payable June 12, 2003, to shareholders of record on June 2, 2003. Tidewater Inc. owns and operates over 550 vessels, the world's largest fleet of vessels serving the global o... » Continuing reading this story
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Tidewater Reports Fourth Quarter, Year-End Results for Fiscal 2003
April 22, 2003

NEW ORLEANS, Apr 22, 2003 (BUSINESS WIRE) -- Tidewater Inc. (NYSE:TDW) today announced fourth quarter, March 31, 2003, net earnings of $18.6 million, or $.33 per share, on revenues of $153.9 million. In comparison, net earnings in the immediately preceding quarter were $23.6 million, or $.42 per share, on revenues of $163.1 million. Last year's fourth quarter net earnings were $28.3 million, or $.50 per share, on revenues of $169.4 million. For the fiscal year ended March 31, 2003, ne... » Continuing reading this story
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Tidewater Announces Conference Call
April 08, 2003

NEW ORLEANS--(BUSINESS WIRE)--April 8, 2003--Tidewater Inc. (NYSE: TDW) announced today that its fiscal 2003 fourth quarter earnings release and conference call have been scheduled for Tuesday, April 22, 2003. 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 (706-679-8348 if outside the United States) and asking fo... » Continuing reading this story
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Tidewater, ENSCO Announce April 1, 2003 Closing of Gulf of Mexico Fleet Transaction
March 31, 2003

NEW ORLEANS--(BUSINESS WIRE)--March 31, 2003--Tidewater Inc. (NYSE:TDW) and ENSCO International Incorporated (NYSE:ESV) jointly announced today that Hart-Scott-Rodino clearance had been obtained and that all other conditions to closing have been satisfied with respect to the previously announced sale by ENSCO of its 27-vessel Gulf of Mexico fleet to Tidewater. The transaction is expected to be completed as of 12:01 a.m., Tuesday, April 1, 2003. CONTACT: Tidewater Inc., New Orleans ... » Continuing reading this story
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Tidewater to Acquire ENSCO International's Marine Vessel Fleet
February 20, 2003

NEW ORLEANS, Feb 20, 2003 (BUSINESS WIRE) -- Tidewater Inc. (NYSE:TDW) announced today that it has entered into an agreement with ENSCO International Incorporated to acquire ENSCO's 27-vessel Gulf of Mexico based marine fleet. The five anchor handling towing-supply vessels, six modern large capacity 220-foot "stretched" platform supply vessels, 13 standard supply vessels and three utility vessels are being acquired for a cash price of $79 million. Also included in the agreement is a prov... » Continuing reading this story
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Tidewater Takes Delivery of First Fast Supply Vessel
February 03, 2003

NEW ORLEANS, Feb 3, 2003 (BUSINESS WIRE) -- Tidewater Inc. (NYSE:TDW) announced today that it has taken delivery of the M/V Vickie Tide, a state-of-the-art 175-foot fast supply vessel. The Vickie Tide, constructed by C&G Shipyard of Mobile, Ala., is the first of a new class of vessel designed by Tidewater that can carry liquid mud below deck, dry bulk and cargo on deck while traveling at speeds in excess of 20 knots. The Vickie Tide has four Cummins KTA-50 engines and is outfitted with... » Continuing reading this story
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Tidewater Declares Quarterly Dividend on Common Stock
January 30, 2003

NEW ORLEANS--(BUSINESS WIRE)--Jan. 30, 2003--Tidewater Inc. (NYSE:TDW) announced today that its Board of Directors has declared a quarterly dividend of $.15 per share on Tidewater's approximately 56 million shares of common stock outstanding. The dividend was declared during a regular meeting of the Board and is payable February 20, 2003, to shareholders of record on February 10, 2003. Tidewater Inc. owns and operates over 550 vessels, the world's largest fleet of ves... » Continuing reading this story
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Tidewater Reports Third Quarter Results for Fiscal 2003
January 21, 2003

NEW ORLEANS--(BUSINESS WIRE)--Jan. 21, 2003--Tidewater Inc. (NYSE:TDW) announced today third quarter net earnings for the period ended December 31, 2002, of $23.6 million, or $.42 per share, on revenues of $163.1 million. For the same quarter last year, net earnings were $33.5 million, or $.60 per share, on revenues of $181.8 million. Net earnings in the immediately preceding quarter ended September 30, 2002, were $23.4 million, or $.41 per share, on revenues of $158.6 million. ... » Continuing reading this story
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Tidewater Announces Conference Call
January 03, 2003

NEW ORLEANS--(BUSINESS WIRE)--Jan. 3, 2003--Tidewater Inc. (NYSE:TDW) announced today that its fiscal 2003 third quarter earnings release and conference call have been scheduled for Tuesday, January 21, 2003. The press release will be issued before the market opens and the conference call will begin at 10:00 a.m. CDT. Investors and interested parties may listen to the teleconference via telephone by calling 1-888-388-7493 (706-679-8348 if outside the United States) and askin... » Continuing reading this story
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