tidewater inc (TDW) Key Developments
Tidewater Inc. Presents at Barclays CEO Energy-Power Conference, Sep-04-2014 01:45 PM
Aug 29 14
Tidewater Inc. Presents at Barclays CEO Energy-Power Conference, Sep-04-2014 01:45 PM. Venue: The Sheraton NY Hotel & Towers, 811 Seventh Ave, New York City, NY 10019, United States. Speakers: Jeffrey M. Platt, Chief Executive Officer, President and Director, Joseph M. Bennett, Chief Investor Relations Officer and Executive Vice President.
Nicholas J. Sutton Resigns as Member of Board of Directors of Tidewater Inc
Aug 20 14
On August 17, 2014, Nicholas J. Sutton, a member of the Board of Directors of Tidewater Inc. resigned from the Board, effective immediately. The reason cited by Mr. Sutton for his resignation was that the demands imposed by his continuing board service with the company were no longer compatible with his desire to spend an increasing amount of his time devoted to his family and personal interests. Mr. Sutton did not advise the Board of any disagreements with the company.
Tidewater Inc. Provides CapEx Guidance for the Remainder of Fiscal 2015 and Revenue Guidance for the Quarter Ended September 2014
Aug 6 14
Tidewater Inc. provided CapEx guidance for the remainder of fiscal 2015 and revenue guidance for the quarter ended September 2014. For the remainder of fiscal 2015, the company reported that the CapEx related to vessels under construction and vessel acquisitions for the remainder of fiscal 2015 is estimated at approximately $390 million, of which The company expects to fund approximately $130 million in the September quarter.
For the quarter ended September 2014, the company's internal estimates currently peg the September quarter's vessel revenue somewhere between $380 million and $390 million.
Tidewater Inc. Announces Consolidated Unaudited Earnings Results for the First Quarter Ended June 30, 2014
Aug 5 14
Tidewater Inc. announced consolidated unaudited earnings results for the first quarter ended June 30, 2014. For the quarter, the company reported revenues of $385,677,000 against $334,085,000 a year ago. Operating income was $66,004,000 against $43,425,000 a year ago. Earnings before income taxes were $57,491,000 against $39,583,000 a year ago. Net earnings attributable to company were $43,673,000 or $0.88 per basic and diluted and basic share against $30,083,000 or $0.61 per basic and diluted and basic share a year ago. Net cash provided by operating activities was $30,945,000 against $3,595,000 a year ago. Additions to properties and equipment were $39,874,000 against $156,434,000 a year ago.
Tidewater Inc. Declares Quarterly Cash Dividend, Payable September 15, 2014
Aug 1 14
Tidewater Inc. announced that its Board of Directors declared on July 31, 2014, a quarterly cash dividend of $0.25 per share of common stock payable September 15, 2014, to shareholders of record on September 5, 2014.