Last $35.55 USD
Change Today -0.98 / -2.68%
Volume 946.2K
TDW On Other Exchanges
Symbol
Exchange
New York
Stuttgart
As of 8:04 PM 11/26/14 All times are local (Market data is delayed by at least 15 minutes).

tidewater inc (TDW) Snapshot

Open
$36.37
Previous Close
$36.53
Day High
$36.40
Day Low
$35.26
52 Week High
01/7/14 - $60.47
52 Week Low
10/27/14 - $33.43
Market Cap
1.8B
Average Volume 10 Days
999.5K
EPS TTM
$3.80
Shares Outstanding
49.7M
EX-Date
12/3/14
P/E TM
9.3x
Dividend
$1.00
Dividend Yield
2.81%
Current Stock Chart for TIDEWATER INC (TDW)

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tidewater inc (TDW) Details

Tidewater Inc. provides supply vessels and marine support services to the offshore energy industry. As of March, 2006, the company operated a fleet of 520 vessels. Its services support exploration, development, and production, and it transports supplies and personnel to sustain drilling, production, and related activities. Tidewater also assists in offshore construction, including pipelaying and 3-D seismic work. The 51-year-old company operates mainly in the U.S. Gulf of Mexico, the North Sea, Persian Gulf, and Caspian Sea, as well as offshore Australia, Brazil, Egypt, India, Indonesia, Malaysia, Mexico, Trinidad, Venezuela, and countries in West Africa. Tidewater is headquartered in New Orleans.

8,900 Employees
Last Reported Date: 05/21/14
Founded in 1956

tidewater inc (TDW) Top Compensated Officers

Chief Executive Officer, President and Direct...
Total Annual Compensation: $765.0K
Chief Financial Officer and Executive Vice Pr...
Total Annual Compensation: $488.3K
Chief Operating Officer and Executive Vice Pr...
Total Annual Compensation: $441.8K
Chief Compliance Officer, Executive Vice Pres...
Total Annual Compensation: $477.1K
Chief Investor Relations Officer and Executiv...
Total Annual Compensation: $349.5K
Compensation as of Fiscal Year 2014.

tidewater inc (TDW) Key Developments

Tidewater Inc. Declares Quarterly Dividend on Common Stock, Payable on December 15, 2014

The board of directors of Tidewater Inc. declared on November 12, 2014, a quarterly cash dividend of $0.25 per share of common stock payable on December 15, 2014, to shareholders of record on December 5, 2014.

Tidewater Inc. Reports Unaudited Consolidated Earnings Results for the Second Quarter and Six Months Ended September 30, 2014; Provides Tax Rate Guidance for the Fiscal Year 2015; Provides Earnings Outlook for the Third Quarter Ending December 2014; Provides Revenue Guidance for the Fourth Quarter ending March 2015

Tidewater Inc. reported unaudited consolidated earnings results for the second quarter and six months ended September 30, 2014. For the quarter, the company reported revenues of $397,524,000 compared to $367,937,000 last year. Operating income was $84,723,000 compared to $76,565,000 last year. Earnings before income taxes were $81,892,000 compared to $69,839,000 last year. Net earnings were $60,825,000 compared to $54,172,000 last year. Net earnings attributable to the company were $60,907,000 or $1.22 per diluted share compared to $54,172,000 or $1.09 per diluted share last year. The higher rate for fiscal 2015, including a required catch-up provision, reduced EPS for the September quarter by approximately $0.03. Vessel revenue at $391 million was up about 7.5% year-over-year. CapEx was approximately $90 million, a portion of which was funded by asset dispositions, including 1 sale/lease transaction that was completed in the September quarter. For the nine months, the company reported revenues of $783,201,000 compared to $702,022,000 last year. Operating income was $150,727,000 compared to $119,990,000 last year. Earnings before income taxes were $139,383,000 compared to $109,422,000 last year. Net earnings were $104,524,000 compared to $84,255,000 last year. Net earnings attributable to the company were $104,580,000 or $2.10 per diluted share compared to $84,255,000 or $1.70 per diluted share last year. Net cash provided by operating activities was $185,289,000 compared to $9,828,000 last year. Additions to properties and equipment were $128,411,000 compared to $220,309,000 last year. The company reported that Vessel revenue for the third quarter ending December 2014 is likely be modestly lower than vessel revenue reported in the just completed September quarter with a quarter-over-quarter trend reflecting an increased level of scheduled drydocks and major repairs. The company reported that internal estimates currently paid the December quarter's vessel revenue somewhere between $370 million and $380 million. Combined, vessel lease and interest expense, should be in the plus or minus $20 million area. Effective tax rate is expected to be 25%. The company expects to fund approximately $123 million in the third quarter for CapEx. The company reported that Vessel revenue for fourth quarter ending March 2015 is likely be modestly lower than vessel revenue reported in the second quarter with a quarter-over-quarter trend reflecting an increased level of scheduled drydocks and major repairs. The company reported that it has adjusted its effective tax rate for fiscal 2015 from 24% to 25%. CapEx related to vessels and ROVs under construction for the remainder of fiscal 2015, is estimated at approximately $280 million.

Tidewater Inc. to Report Q2, 2015 Results on Nov 03, 2014

Tidewater Inc. announced that they will report Q2, 2015 results After-Market on Nov 03, 2014

 

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TDW

Industry Average

Valuation TDW Industry Range
Price/Earnings 11.3x
Price/Sales 1.2x
Price/Book 0.7x
Price/Cash Flow 5.5x
TEV/Sales 0.1x
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