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.
TypePublic
Founded1954
HQNew Orleans, US
Websitetdw.com
Employee Ratings3.4

Latest Updates

Employees (est.) (Feb 2019)4,700
Revenue (FY, 2018)$406.5 M(-32%)
Share Price (May 2019)$24.7

Key People/Management at Tidewater

Johnny Rynd

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
Show all (1)

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
USDFY, 2014FY, 2015FY, 2016FY, 2017FY, 2018

Revenue

1.4b1.5b979.1m601.6m406.5m

Revenue growth, %

4%(35%)(39%)

General and administrative expense

188.0m189.8m153.8m145.9m110.0m

Operating expense total

1.2b189.8m1.0b1.2b514.0m
Quarterly
USDQ2, 2014Q3, 2014Q1, 2015Q2, 2015Q3, 2015Q1, 2016Q2, 2016Q3, 2016Q1, 2017Q2, 2017Q3, 2017Q1, 2018Q1, 2018Q2, 2018Q3, 2018Q1, 2019

Revenue

367.9m365.2m385.7m397.5m387.6m304.8m271.9m218.2m167.9m143.7m129.2m115.1m91.5m105.6m99.2m122.1m

General and administrative expense

46.0m45.7m51.1m46.8m46.6m44.0m37.3m35.6m37.0m33.0m34.2m33.1m23.6m24.4m25.5m27.1m

Operating expense total

291.4m344.8m319.7m312.8m46.6m44.0m289.6m227.6m234.1m299.1m416.2m320.5m103.7m105.7m124.3m131.8m

Depreciation and amortization

42.1m42.4m43.1m43.7m46.0m45.4m44.6m43.8m41.3m36.3m12.0m12.8m13.4m22.9m
Annual
USDFY, 2014FY, 2015FY, 2016FY, 2017FY, 2018

Cash

60.4m78.6m678.4m706.4m371.8m

Inventories

1.0m

Current Assets

820.2m868.8m1.3b1.1b683.3m

Goodwill

283.7m283.7m
Quarterly
USDQ2, 2014Q3, 2014Q1, 2015Q2, 2015Q3, 2015Q1, 2016Q2, 2016Q3, 2016Q1, 2017Q2, 2017Q3, 2017Q1, 2018Q2, 2018Q1, 2018Q2, 2018Q3, 2018Q1, 2019

Cash

45.5m114.1m53.5m124.3m77.4m103.0m88.2m48.0m668.7m674.9m649.8m683.8m460.0m442.5m459.3m461.1m391.1m

Accounts Receivable

558.8m615.1m291.3m276.4m269.0m261.2m201.7m209.9m174.3m116.6m115.8m96.6m88.0m112.9m

Current Assets

681.8m803.9m871.3m896.9m873.1m834.8m786.6m745.2m1.3b1.2b1.2b1.1b871.2m816.1m797.3m768.4m674.1m

Goodwill

340.0m283.7m283.7m283.7m283.7m
Annual
USDFY, 2014FY, 2015FY, 2016FY, 2017FY, 2018

Net Income

140.3m(65.3m)(160.4m)(650.0m)(171.8m)

Depreciation and Amortization

167.5m175.2m182.3m167.3m51.3m

Inventories

107.0k

Accounts Payable

(1.4m)(4.9m)(17.5m)(15.2m)
Quarterly
USDQ2, 2014Q3, 2014Q1, 2015Q2, 2015Q3, 2015Q1, 2016Q2, 2016Q3, 2016Q1, 2017Q2, 2017Q3, 2017Q1, 2018Q1, 2018Q2, 2018Q3, 2018Q1, 2019

Net Income

84.3m96.8m43.7m104.5m(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

82.2m124.6m43.1m86.8m43.3m45.7m91.6m137.1m44.6m88.4m129.7m36.3m11.4m22.6m33.9m19.0m

Accounts Payable

11.5m11.3m(5.4m)(15.7m)49.5m58.7m5.2m6.9m4.6m9.7m1.3m3.5m7.3m1.7m1.7m(2.2m)

Cash From Operating Activities

9.8m69.8m30.9m185.3m163.9m191.4m(10.9m)(602.0k)(40.3m)(23.4m)(6.0m)17.0m22.2m(3.2m)
USDY, 2019

EV/EBIT

-101.1 x

EV/CFO

-308.2 x

Revenue/Employee

26.0k

Financial Leverage

1.6 x
Show all financial metrics

Tidewater Online and Social Media Presence

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Tidewater News and Updates

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...

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

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…

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…

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 …

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...
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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.