OverviewSuggest Edit
Tidewater provides offshore service vessels and marine support services to the offshore energy industry through the operation of a fleet of marine service vessels worldwide. It provides services in support of offshore exploration, field development, and production, including towing of and anchor handling for mobile offshore drilling units; transporting supplies and personnel necessary to sustain drilling, workover, and production activities; offshore construction, remotely operated vehicle (ROV) operations, and seismic and subsea support; and various specialized services, such as pipe and cable laying.
| Type | Public | |
| Founded | 1954 | |
| HQ | New Orleans, US | Map |
| Website | tdw.com | |
| Employee Ratings | More |
Recent NewsAll News
- Upper Bay Leads Investor Group for the Acquisition of Tidewater Transportation & Terminals
- Offshore Supply Vessel (OSV) Global Market 2019-2025: Edison Chouest, Tidewater, DOF, Swires, Hornbeck
- Tidewater Vice President to Serve on Delaware EPSCoR Committee
- UPDATE – Middlesex Water CFO Bruce O’Connor Named President of Tidewater Utilities, Inc.
Key People/Management at Tidewater
Johnny Rynd
President and Chief Executive Officer
Tidewater Office Locations
Tidewater has an office in New Orleans
New Orleans, US (HQ)
Pan American Life Center, 601 Poydras St #1500
Tidewater Financials and Metrics
Tidewater Revenue
Tidewater's revenue was reported to be $406.52 m in FY, 2018
| USD | |
|---|---|
Revenue (Q1, 2019) | 122.1m |
Net income (Q1, 2019) | (21.3m) |
EBIT (Q1, 2019) | (9.6m) |
Market capitalization (22-May-2019) | 926.6m |
Closing stock price (22-May-2019) | 24.7 |
Cash (31-Mar-2019) | 391.1m |
EV | 972.9m |
Tidewater's current market capitalization is $926.6 m.
Annual
Quarterly
| USD | Q2, 2014 | Q3, 2014 | Q1, 2015 | Q2, 2015 | Q3, 2015 | Q1, 2016 | Q2, 2016 | Q3, 2016 | Q1, 2017 | Q2, 2017 | Q3, 2017 | Q1, 2018 | Q1, 2018 | Q2, 2018 | Q3, 2018 | Q1, 2019 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
Revenue | 367.9m | 365.2m | 385.7m | 397.5m | 387.6m | 304.8m | 271.9m | 218.2m | 167.9m | 143.7m | 129.2m | 115.1m | 91.5m | 105.6m | 99.2m | 122.1m |
General and administrative expense | 46.0m | 45.7m | 51.1m | 46.8m | 46.6m | 44.0m | 37.3m | 35.6m | 37.0m | 33.0m | 34.2m | 33.1m | 23.6m | 24.4m | 25.5m | 27.1m |
Operating expense total | 291.4m | 344.8m | 319.7m | 312.8m | 46.6m | 44.0m | 289.6m | 227.6m | 234.1m | 299.1m | 416.2m | 320.5m | 103.7m | 105.7m | 124.3m | 131.8m |
Depreciation and amortization | 42.1m | 42.4m | 43.1m | 43.7m | 46.0m | 45.4m | 44.6m | 43.8m | 41.3m | 36.3m | 12.0m | 12.8m | 13.4m | 22.9m |
Annual
Quarterly
| USD | Q2, 2014 | Q3, 2014 | Q1, 2015 | Q2, 2015 | Q3, 2015 | Q1, 2016 | Q2, 2016 | Q3, 2016 | Q1, 2017 | Q2, 2017 | Q3, 2017 | Q1, 2018 | Q2, 2018 | Q1, 2018 | Q2, 2018 | Q3, 2018 | Q1, 2019 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
Cash | 45.5m | 114.1m | 53.5m | 124.3m | 77.4m | 103.0m | 88.2m | 48.0m | 668.7m | 674.9m | 649.8m | 683.8m | 460.0m | 442.5m | 459.3m | 461.1m | 391.1m |
Accounts Receivable | 558.8m | 615.1m | 291.3m | 276.4m | 269.0m | 261.2m | 201.7m | 209.9m | 174.3m | 116.6m | 115.8m | 96.6m | 88.0m | 112.9m | |||
Current Assets | 681.8m | 803.9m | 871.3m | 896.9m | 873.1m | 834.8m | 786.6m | 745.2m | 1.3b | 1.2b | 1.2b | 1.1b | 871.2m | 816.1m | 797.3m | 768.4m | 674.1m |
Goodwill | 340.0m | 283.7m | 283.7m | 283.7m | 283.7m |
Annual
Quarterly
| USD | Q2, 2014 | Q3, 2014 | Q1, 2015 | Q2, 2015 | Q3, 2015 | Q1, 2016 | Q2, 2016 | Q3, 2016 | Q1, 2017 | Q2, 2017 | Q3, 2017 | Q1, 2018 | Q1, 2018 | Q2, 2018 | Q3, 2018 | Q1, 2019 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
Net Income | 84.3m | 96.8m | 43.7m | 104.5m | (161.0m) | (15.2m) | (59.2m) | (78.8m) | (88.6m) | (266.3m) | (563.0m) | (524.4m) | (39.0m) | (50.2m) | (81.4m) | (21.3m) |
Depreciation and Amortization | 82.2m | 124.6m | 43.1m | 86.8m | 43.3m | 45.7m | 91.6m | 137.1m | 44.6m | 88.4m | 129.7m | 36.3m | 11.4m | 22.6m | 33.9m | 19.0m |
Accounts Payable | 11.5m | 11.3m | (5.4m) | (15.7m) | 49.5m | 58.7m | 5.2m | 6.9m | 4.6m | 9.7m | 1.3m | 3.5m | 7.3m | 1.7m | 1.7m | (2.2m) |
Cash From Operating Activities | 9.8m | 69.8m | 30.9m | 185.3m | 163.9m | 191.4m | (10.9m) | (602.0k) | (40.3m) | (23.4m) | (6.0m) | 17.0m | 22.2m | (3.2m) |
| USD | Y, 2019 |
|---|---|
EV/EBIT | -101.1 x |
EV/CFO | -308.2 x |
Revenue/Employee | 26.0k |
Financial Leverage | 1.6 x |
Tidewater Online and Social Media Presence
Tidewater News and Updates
February 20, 2019
Upper Bay Leads Investor Group for the Acquisition of Tidewater Transportation & Terminals
VANCOUVER, Wash., Feb. 20, 2019 /PRNewswire/ -- Upper Bay Infrastructure Partners ("Upper Bay"), Ullico, funds and accounts under management by BlackRock, Silverfern, and certain other co-investors (collectively, the "Investor Group") are pleased to announce that they have acquired...
February 13, 2019
Offshore Supply Vessel (OSV) Global Market 2019-2025: Edison Chouest, Tidewater, DOF, Swires, Hornbeck
Wiseguyreports.Com Publish New Market Research Report On -“Offshore Supply Vessel (OSV) Market - Global Industry Analysis, Size, Share, Trends, Growth and Forecast 2019 - 2025” Posted via Industry Today. Follow us on Twitter @IndustryToday
January 24, 2019
Tidewater Vice President to Serve on Delaware EPSCoR Committee
DOVER, Del., Jan. 24, 2019 (GLOBE NEWSWIRE) -- Bruce Patrick, Vice President and General Manager of Tidewater Utilities, Inc. has been appointed to the Delaware State Established Program to Stimulate Competitive Research (EPSCoR) committee in partnership with the University of Delaware. Also appoi…
January 07, 2019
UPDATE – Middlesex Water CFO Bruce O’Connor Named President of Tidewater Utilities, Inc.
ISELIN, N.J., Jan. 07, 2019 (GLOBE NEWSWIRE) -- Middlesex Water Company (the “Company” or “Middlesex”), (NASDAQ:MSEX), announced that its Senior Vice President and Chief Financial Officer, A. Bruce O’Connor, has been named President of its wholly-owned Delaware based subsidiary, Tidewater Utilitie…
November 16, 2018
Tidewater Utilities, Inc. Charity Tournament Raises Funds for Connecting Generations
DOVER, Del., Nov. 16, 2018 (GLOBE NEWSWIRE) -- Tidewater Utilities, Inc., (Tidewater) a water and wastewater service provider headquartered in Dover, DE, and a wholly-owned subsidiary of Middlesex Water Company (NASDAQ:MSEX) recently presented a check for $25,281.99 to ConnectingGenerations. The …
September 04, 2018
Wolf Popper LLP Investigates the Proposed Acquisition of GulfMark Offshore, Inc. by Tidewater Inc.
NEW YORK, Sept. 4, 2018 /PRNewswire/ -- Wolf Popper LLP is investigating claims on behalf of investors in GulfMark Offshore, Inc. (NYSE: GLF), concerning the proposed acquisition of GulfMark by Tidewater Inc. (NYSE: TDW). Under the terms of the agreement, shareholders of GulfMark common...
Tidewater Frequently Asked Questions
When was Tidewater founded?
Tidewater was founded in 1954.
Who are Tidewater key executives?
Tidewater's key executives are Johnny Rynd.
How many employees does Tidewater have?
Tidewater has 4,700 employees.
What is Tidewater revenue?
Latest Tidewater annual revenue is $406.5 m.
What is Tidewater revenue per employee?
Latest Tidewater revenue per employee is $86.5 k.
Who are Tidewater competitors?
Competitors of Tidewater include Kirby Corporation, American Energy Group and United Refining.
Where is Tidewater headquarters?
Tidewater headquarters is located at Pan American Life Center, 601 Poydras St #1500, New Orleans.
Where are Tidewater offices?
Tidewater has an office in New Orleans.
How many offices does Tidewater have?
Tidewater has 1 office.