Last $0.05 USD
Change Today 0.00 / 0.00%
Volume 4.0M
CDVI On Other Exchanges
Symbol
Exchange
OTC US
As of 8:10 PM 12/19/14 All times are local (Market data is delayed by at least 15 minutes).

cal dive international inc (CDVI) Snapshot

Open
$0.05
Previous Close
$0.05
Day High
$0.05
Day Low
$0.04
52 Week High
12/26/13 - $2.05
52 Week Low
12/15/14 - $0.01
Market Cap
4.9M
Average Volume 10 Days
4.2M
EPS TTM
$-0.65
Shares Outstanding
98.6M
EX-Date
--
P/E TM
--
Dividend
--
Dividend Yield
--
Current Stock Chart for CAL DIVE INTERNATIONAL INC (CDVI)

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cal dive international inc (CDVI) Details

Cal Dive International Inc., a marine contractor, provides manned diving, pipe laying, and pipe-burial services to the offshore oil and natural gas industry. The company offers saturation, surface, and mixed gas diving services. Cal Dive also provides such diving-support services as construction, inspection, maintenance, repair, and decommissioning of offshore production and pipeline infrastructure on the Gulf of Mexico Outer Continental Shelf as well as in international offshore markets, including the Mideast, southeast Asia, and Australia. Its customers include oil and natural gas producers, pipeline transmission companies, and offshore engineering and construction outfits. As of Dec. 31, 2006, Cal Dive owned and operated a fleet of 26 vessels, including 23 surface and saturation diving support vessels as well as three shallow water pipe-laying vessels. The company, which was founded in 1975, is based in Houston.

1,550 Employees
Last Reported Date: 03/11/14
Founded in 1975

cal dive international inc (CDVI) Top Compensated Officers

Chairman, Chief Executive Officer, President ...
Total Annual Compensation: $541.0K
Chief Operating Officer and Executive Vice Pr...
Total Annual Compensation: $325.0K
Chief Administrative Officer, Executive Vice ...
Total Annual Compensation: $325.0K
Compensation as of Fiscal Year 2013.

cal dive international inc (CDVI) Key Developments

Cal Dive International, Inc.’s Common Stock Delisted From NYSE

On December 8, 2014, Cal Dive International, Inc.’s common stock was delisted from trading on the NYSE. The company was not in compliance with the continued listing standards set forth in Section 802.01D of the NYSE Listed Company Manual, and, as a result, the NYSE filed a delisting application with the Securities and Exchange Commission on November 26, 2014 and delisted the company's common stock from the NYSE effective December 8, 2014. The company had previously disclosed that, on October 29, 2014, the NYSE notified the company of its intent to commence proceedings to delist the company's common stock in view of its abnormally low trading price.

Cal Dive Provides Update on Efforts to Refinance its Revolving Credit Facility

Cal Dive International Inc. announced that it is continuing to work with potential capital providers to refinance its first lien credit agreement. As previously disclosed, the Company executed an amendment to its first lien credit agreement, which maintained the size of the revolving credit facility at $100.0 million, and waived the Company's non-compliance with certain financial covenants and payment obligations under the Credit Agreement, as well as the cross defaults resulting from similar defaults under the Company's second lien credit facility, through December 1, 2014. As amended, the revolving credit facility capacity will step-down from $100.0 million to $90.0 million on December 2, 2014, and the Company will be in payment default under the first lien credit agreement upon such step-down. The company is working cooperatively with the lenders under its first lien credit facility on a forbearance of such default, and is also working cooperatively with the lenders under its second lien credit facility and the holders of its convertible notes, as well as its suppliers and vendors. The company continues to pursue financing transactions, non-core asset sales and other strategic efforts to provide the company with additional liquidity and allow for the repayment, restructuring or refinancing of the Company's first lien revolving credit facility and other funded debt.

Cal Dive International Inc Announces Unaudited Consolidated Earnings Results for the Third Quarter and Nine Months Ended September 30, 2014

Cal Dive International Inc. announced unaudited consolidated earnings results for the third quarter and nine months ended September 30, 2014. For the quarter, the company reported revenues of $114,583,000 against $155,246,000 a year ago. Operating loss was $51,961,000 against $20,421,000 a year ago. Loss before income taxes was $61,320,000 against $26,435,000 a year ago. Net loss attributable to parent company was $42,629,000 against $16,800,000 a year ago. Basic and diluted loss per share was $0.45 against $0.18 a year ago. EBITDA was $38,196,000 against $8,056,000 a year ago. Adjusted EBITDA was $1,395,000 against $13,442,000 a year ago. For the nine months, the company reported revenues of $353,376,000 against $357,151,000 a year ago. Operating loss was $99,757,000 against $49,021,000 a year ago. Loss before income taxes was $127,573,000 against $58,390,000 a year ago. Net loss attributable to parent company was $84,755,000 against $36,118,000 a year ago. Basic and diluted loss per share was $0.89 against $0.39 a year ago. EBITDA was $62,382,000 against $7,354,000 a year ago. Adjusted EBITDA was $2,911,000 against $17,123,000 a year ago. Net debt was $276,475,000.

 

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