Tidewater

2003 Tidewater News

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11/20/03
Tidewater Elects Wayne Leonard To Its Board of Directors
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. Leon... 
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11/20/03
Tidewater Declares Quarterly Dividend on Common Stock
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. ... 
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10/23/03
Tidewater Reports Second Quarter Results For Fiscal 2004
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 ... 
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10/09/03
Tidewater Issues Earnings Guidance For Quarter Ended September 30, 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... 
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10/01/03
Tidewater Announces Conference Call
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 l... 
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09/25/03
Tidewater Elects Richard du Moulin to Its Board of Directors
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 graduatin... 
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08/28/03
Tidewater Announces Renewal of Revolving Credit Facility and Commitments to Build Eight New Vessels
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 an... 
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08/12/03
Tidewater Contributes to Family of Fallen Soldier
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 grenade... 
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07/31/03
Taylor Elected As Chairman of Tidewater Inc.
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 t... 
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07/31/03
Tidewater Declares Quarterly Dividend on Common Stock and Announces Annual Meeting Webcast
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. ... 
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07/22/03
Tidewater Reports First Quarter Results For Fiscal 2004
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,... 
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07/09/03
Tidewater Announces Debt Issuance
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 t... 
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07/07/03
Tidewater Announces Conference Call
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 v... 
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05/22/03
Tidewater Declares Quarterly Dividend On Common Stock
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... 
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04/22/03
Tidewater Reports Fourth Quarter, Year-End Results for Fiscal 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, ... 
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04/08/03
Tidewater Announces Conference Call
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... 
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03/31/03
Tidewater, ENSCO Announce April 1, 2003 Closing of Gulf of Mexico Fleet Transaction
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 com... 
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02/20/03
Tidewater to Acquire ENSCO International's Marine Vessel Fleet
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 v... 
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02/03/03
Tidewater Takes Delivery of First Fast Supply Vessel
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 sp... 
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01/30/03
Tidewater Declares Quarterly Dividend on Common Stock
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, 2... 
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01/21/03
Tidewater Reports Third Quarter Results for Fiscal 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 en... 
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01/03/03
Tidewater Announces Conference Call
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 teleconfer... 
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