2002 Tidewater News

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Tidewater Promotes Monty Orr and Chris Orth to Vice President
December 19, 2002

NEW ORLEANS--(BUSINESS WIRE)--Dec. 19, 2002--Tidewater Inc. (NYSE:TDW) announced today that its wholly owned subsidiary, Tidewater Marine LLC, has promoted both Richard "Monty" Orr, of its International Sales Division, and Christopher W. Orth, of its Domestic Sales Division, to the positions of Vice President of Tidewater Marine LLC. Orr, who graduated from Stanford University, joined Tidewater in January 2001. He served as the Company's International Sales Manager before being p... » Continuing reading this story
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Tidewater Declares Quarterly Dividend On Common Stock
November 21, 2002

NEW ORLEANS--(BUSINESS WIRE)--Nov. 21, 2002--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 12, 2002, to shareholders of record on December 2, 2002. Tidewater Inc. owns and operates over 550 vessels, the world's largest fleet of vessels ... » Continuing reading this story
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Tidewater to Reopen Conference Call
October 22, 2002

NEW ORLEANS, Oct 22, 2002 (BUSINESS WIRE) -- Tidewater Inc. (NYSE:TDW) announced today that because of technical difficulties during its fiscal 2003 second quarter earnings conference call it would reopen the phone lines for a question and answer session at 2:00 p.m. CDT. Individuals interested in taking part in this question and answer session should call 1-888-388-7493 (706-679-8348 if outside the United States) and ask for the `Tidewater Conference' just prior to the scheduled start... » Continuing reading this story
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Tidewater Reports Second Quarter Results for Fiscal 2003
October 22, 2002

NEW ORLEANS, Oct 22, 2002 (BUSINESS WIRE) -- Tidewater Inc. (NYSE:TDW) announced today second quarter net earnings for the period ended September 30, 2002, of $23.4 million, or $.41 per share, on revenues of $158.5 million. For the same quarter last year, net earnings were $35.3 million, or $.63 per share, on revenues of $187.3 million. Net earnings in the immediately preceding quarter ended June 30, 2002, were $23 million, or $.41 per share, on revenues of $160.3 million. Tidewater ... » Continuing reading this story
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Tidewater Issues Earnings Guidance for Quarter Ended September 30, 2002
October 07, 2002

NEW ORLEANS, Oct 7, 2002 (BUSINESS WIRE) -- Tidewater Inc. (NYSE:TDW) announced today that it expects second quarter financial results to be below current analysts' earnings expectations. For the three months ended September 30, 2002, the Company is currently estimating diluted earnings per share of $0.37 to $0.40. The Thomson First Call consensus estimate is currently $0.43 per share. Continuing weak levels of domestic drilling activity have kept vessel utilization under pressure thr... » Continuing reading this story
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Tidewater Announces Conference Call
October 01, 2002

NEW ORLEANS, Oct 1, 2002 (BUSINESS WIRE) -- Tidewater Inc. (NYSE: TDW) announced today that its fiscal 2003 second quarter earnings release and conference call have been scheduled for Tuesday, October 22, 2002. 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 for t... » Continuing reading this story
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Tidewater Declares Quarterly Dividend On Common Stock
July 25, 2002

NEW ORLEANS, Jul 25, 2002 (BUSINESS WIRE) -- Tidewater Inc. (NYSE:TDW) announced today that its board of directors declared a quarterly dividend of $0.15 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 15, 2002, to shareholders of record on August 5, 2002. Tidewater Inc. owns and operates over 550 vessels, the world's largest fleet of vessels serving the glob... » Continuing reading this story
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Tidewater Reports First Quarter Results for Fiscal 2003
July 23, 2002

NEW ORLEANS, Jul 23, 2002 (BUSINESS WIRE) -- Tidewater Inc. (NYSE:TDW) announced today first quarter net earnings for the period ended June 30, 2002, of $23 million, or $.41 per share, on revenues of $160.3 million. For the same quarter last year, net earnings were $39 million, or $.69 per share, on revenues of $190.6 million. Net earnings in the immediately preceding quarter ended March 31, 2002, were $28.3 million, or $.50 per share, on revenues of $169.4 million. "The quarterly ear... » Continuing reading this story
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Tidewater Announces Conference Call
July 08, 2002

NEW ORLEANS, Jul 8, 2002 (BUSINESS WIRE) -- Tidewater Inc. (NYSE: TDW) announced today that its fiscal 2003 first quarter earnings release and conference call have been scheduled for Tuesday, July 23, 2002. 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 1-877-249-6408 (706-679-8348 if outside the United States) and asking for the `Tid... » Continuing reading this story
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Christopher Orth to Join Tidewater's Domestic Sales Team
June 26, 2002

NEW ORLEANS, Jun 26, 2002 (BUSINESS WIRE) -- Tidewater Inc. (NYSE:TDW) announced today that Christopher Orth would join Tidewater's domestic sales and marketing team effective July 1, 2002. Orth, a graduate of Texas A&M University, has been associated with the marine industry for more than 22 years. For the past eight years, he has held the position of Vice President of Sales for FirstWave Marine, a shipyard group based in the Houston/Galveston area. "Chris brings to Tidewater his y... » Continuing reading this story
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Tidewater Declares Quarterly Dividend on Common Stock
June 06, 2002

NEW ORLEANS, Jun 6, 2002 (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 56 million shares of common stock outstanding. The dividend was declared during a regular meeting of the board and is payable June 27, 2002, to shareholders of record on June 17, 2002. Tidewater Inc. owns and operates over 550 vessels, the world's largest fleet of vessels serving the global of... » Continuing reading this story
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Tidewater Signs Construction Contract; Bollinger Resigns From Board
May 08, 2002

NEW ORLEANS, May 8, 2002 (BUSINESS WIRE) -- Tidewater Inc. (NYSE:TDW) announced today that it has entered into a $45 million construction contract with Bollinger Shipyards Lockport LLC for the construction of four (4) offshore supply vessels. The high performance, high capacity 207-foot platform supply vessels will be delivered during the period beginning in October 2003 and ending in May 2004. Prior to entering into the contract, Donald T. "Boysie" Bollinger, chairman and C.E.O. of Boll... » Continuing reading this story
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Tidewater Reports Fourth Quarter, Year-End Results for Fiscal 2002
April 25, 2002

NEW ORLEANS, Apr 25, 2002 (BUSINESS WIRE) -- Tidewater Inc. (NYSE:TDW) today announced fourth-quarter, March 31, 2002, net earnings of $28.3 million, or $.50 per share, on revenues of $169.4 million. In comparison, net earnings in the immediately preceding quarter were $33.5 million, or $.60 per share, on revenues of $181.8 million. Last year's fourth-quarter net earnings were $29.3 million, or $.52 per share, on revenues of $174.5 million. For the fiscal year ended March 31, 2002, ne... » Continuing reading this story
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Tidewater Promotes Reg McNee to Position of Vice President
April 15, 2002

NEW ORLEANS, Apr 15, 2002 (BUSINESS WIRE) -- Tidewater Inc. (NYSE:TDW) announced today that it has promoted Reg McNee, head of the Company's Far East division for the last three years, to the office of Vice President. McNee joined Tidewater in July 1997. He has most recently served as the Company's area manager for its Singapore-based Far East operations, which include Indonesia, Malaysia, Vietnam, Thailand, Australia and Dubai. He will continue to be based in Singapore. McNee previou... » Continuing reading this story
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Tidewater Announces Conference Call
April 11, 2002

NEW ORLEANS, Apr 11, 2002 (BUSINESS WIRE) -- Tidewater Inc. (NYSE: TDW) announced today that its fiscal 2002 fourth quarter earnings release and conference call have been scheduled for Thursday, April 25, 2002. 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 1-800-230-1951 (1-612-332-0820 if outside the United States) and asking for th... » Continuing reading this story
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Tidewater's O'Malley Retires, Taylor Named CEO
March 28, 2002

NEW ORLEANS, Mar 28, 2002 (BUSINESS WIRE) -- Tidewater Inc. (NYSE:TDW) announced today that William C. O'Malley, the company's Chairman, President and Chief Executive officer for most of the past eight years, has officially stepped down as Tidewater's Chief Executive Officer, handing over the reins of leadership to Dean E. Taylor. Taylor, 53, has served as President of Tidewater since October 2001 when O'Malley, 65, announced his impending retirement at the end of March 2002. Taylor's c... » Continuing reading this story
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Tidewater Takes Delivery of Two Deepwater Supply Vessels
February 28, 2002

-->NEW ORLEANS, Feb 28, 2002 (BUSINESS WIRE) -- Tidewater Inc. (NYSE:TDW) today announced that it has taken delivery of the M/V Miss Jane Tide. The Miss Jane Tide is Tidewater's first VS 480 platform supply vessel built by the Company's own Quality Shipyards, L.L.C. in Houma, La. The ship, designed by the Norwegian firm Vik-Sandvik, is the first of four identical vessels to be built by Quality. The Miss Jane Tide is a 260-foot PSV and is the first domestically constructed vessel to be de... » Continuing reading this story
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Tidewater Declares Quarterly Dividend On Common Stock
January 31, 2002

NEW ORLEANS, Jan 31, 2002 (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 56 million shares of common stock outstanding. The dividend was declared during a regular meeting of the board and is payable February 21, 2002, to shareholders of record on February 11, 2002. Tidewater Inc. owns and operates over 570 vessels, the world's largest fleet of vessels serving the gl... » Continuing reading this story
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Tidewater Reports Third Quarter Results for Fiscal 2002
January 30, 2002

NEW ORLEANS, Jan 30, 2002 (BUSINESS WIRE) -- Tidewater Inc. (NYSE:TDW) announced today third quarter net earnings for the period ended December 31, 2001, of $34 million, or $.60 per share, on revenues of $182 million. For the same quarter last year, net earnings were $22 million, or $.40 per share, on revenues of $159 million. Net earnings in the immediately preceding quarter ended September 30, 2001, were $35 million, or $.63 per share, on revenues of $187 million. Tidewater will cond... » Continuing reading this story
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Tidewater Announces Conference Call
January 08, 2002

NEW ORLEANS, Jan 8, 2002 (BUSINESS WIRE) -- Tidewater Inc. (NYSE:TDW) announced today that its fiscal 2002 third quarter earnings release and conference call have been scheduled for Wednesday, January 30, 2002. 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 1-877-531-2987 (1-612-332-1210 if outside the United States) and asking for t... » Continuing reading this story
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