Tidewater

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
HQHouston, TX, USMap
Websitetdw.com
Employee Ratings3.4More
Overall CultureD-More
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Latest Updates

Employees (est.) (Dec 2019)5,300(-3%)
Revenue (FY, 2019)$486.5 M(+20%)
Share Price (Feb 2021)$12.2 (+6%)
Cybersecurity ratingBMore

Key People/Management at Tidewater

Larry T. Rigdon

Larry T. Rigdon

Chairman of the Board
Quintin V. Kneen

Quintin V. Kneen

President, CEO and Director
David E. Darling

David E. Darling

Senior Vice President and Chief Human Resources Officer
Daniel A. Hudson

Daniel A. Hudson

Vice President, General Counsel and Corporate Secretary
Lee Johnson

Lee Johnson

SVP & Chief Information Officer
Samuel R. Rubio

Samuel R. Rubio

Vice President, Controller and Chief Accounting Officer
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Tidewater Office Locations

Tidewater has offices in Houston, Amelia, Mumbai, Sandnes and in 3 other locations
Houston, TX, US (HQ)
6002 Rogerdale Rd #600
Amelia, LA, US
200 Ford Industrial Rd
Mumbai, IN
Lake Blvd Rd, Hiranandani Gardens, Powai
Sandnes, NO
Strandgata 5
Al Khobar, SA
Prince Humud St, Al Aqrabiyah
Aberdeen, GB
1, 62-104 Market St
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Tidewater Financials and Metrics

Tidewater Revenue

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Tidewater's revenue was reported to be $486.55 m in FY, 2019
USD

Revenue (Q3, 2020)

86.5m

Gross profit (Q3, 2020)

24.7m

Gross profit margin (Q3, 2020), %

28.5%

Net income (Q3, 2020)

(38.1m)

EBIT (Q3, 2020)

(25.2m)

Market capitalization (8-Feb-2021)

493.5m

Closing stock price (8-Feb-2021)

12.2

Cash (30-Sept-2020)

192.2m

EV

557.0m
Tidewater's current market capitalization is $493.5 m.
Annual
USDFY, 2011FY, 2012FY, 2013FY, 2014FY, 2015FY, 2016FY, 2017FY, 2018FY, 2019

Revenue

1.1b1.1b1.2b1.4b1.5b979.1m601.6m406.5m486.5m

Revenue growth, %

4%(35%)(39%)

Cost of goods sold

638.6m638.1m709.4m795.9m834.4m561.1m359.2m269.6m329.2m

Gross profit

416.8m428.9m534.7m639.2m661.1m417.9m242.4m136.9m157.4m
Quarterly
USDQ1, 2011Q2, 2011Q3, 2011Q1, 2012Q2, 2012Q3, 2012Q1, 2013Q2, 2013Q3, 2013Q1, 2014Q2, 2014Q3, 2014Q1, 2015Q2, 2015Q3, 2015Q1, 2016Q2, 2016Q3, 2016Q1, 2017Q2, 2017Q3, 2017Q1, 2018Q1, 2018Q2, 2018Q3, 2018Q1, 2019Q2, 2019Q3, 2019Q1, 2020Q2, 2020Q3, 2020

Revenue

262.5m267.1m271.8m254.6m250.9m272.1m294.4m311.9m309.5m334.1m367.9m365.2m385.7m397.5m387.6m304.8m271.9m218.2m167.9m143.7m129.2m115.1m91.5m105.6m99.2m122.1m125.9m119.8m116.4m102.3m86.5m

Cost of goods sold

154.6m169.9m160.6m152.3m161.3m155.8m165.8m177.1m180.9m196.2m195.3m197.7m217.2m212.8m210.4m158.6m125.1m108.9m87.1m82.4m83.8m61.4m68.0m65.2m82.2m80.4m80.6m78.8m64.8m61.8m

Gross profit

107.9m97.2m111.2m102.3m89.6m116.3m128.6m134.9m128.6m137.9m172.6m167.6m168.4m184.7m177.2m113.3m93.1m59.1m56.6m46.9m31.3m30.1m37.6m34.0m39.9m45.4m39.1m37.5m37.6m24.7m

Gross profit Margin, %

41%36%41%40%36%43%44%43%42%41%47%46%44%46%46%42%43%35%39%36%27%33%36%34%33%36%33%32%37%29%
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Annual
USDFY, 2011FY, 2012FY, 2013FY, 2014FY, 2015FY, 2016FY, 2017FY, 2018FY, 2019

Cash

245.7m320.7m40.6m60.4m78.6m678.4m706.4m371.8m218.3m

Accounts Receivable

272.5m309.5m393.4m252.4m303.1m228.1m111.3m110.2m

Prepaid Expenses

10.2m10.1m11.7m20.6m17.8m44.8m11.8m16.0m

Current Assets

579.1m694.1m508.1m820.2m868.8m1.3b1.1b683.3m537.3m
Quarterly
USDQ1, 2011Q2, 2011Q3, 2011Q1, 2012Q2, 2012Q3, 2012Q1, 2013Q2, 2013Q3, 2013Q1, 2014Q2, 2014Q3, 2014Q1, 2015Q2, 2015Q3, 2015Q1, 2016Q2, 2016Q3, 2016Q1, 2017Q2, 2017Q3, 2017Q1, 2018Q2, 2018Q1, 2018Q2, 2018Q3, 2018Q1, 2019Q2, 2019Q3, 2019Q1, 2020Q2, 2020Q3, 2020

Cash

122.9m51.7m308.0m196.4m302.2m188.3m240.6m136.7m54.2m64.8m45.5m114.1m53.5m124.3m77.4m103.0m88.2m48.0m668.7m674.9m649.8m683.8m460.0m442.5m459.3m461.1m391.1m369.5m359.3m187.8m203.1m192.2m

Accounts Receivable

312.7m301.2m282.3m293.7m287.5m287.1m323.0m333.3m362.0m467.8m558.8m615.1m291.3m276.4m301.0m269.0m261.2m201.7m209.9m174.3m116.6m120.3m115.8m96.6m88.0m112.9m121.2m123.1m119.5m115.0m100.6m

Prepaid Expenses

17.2m13.9m13.5m18.3m14.9m10.5m20.2m15.6m12.6m24.6m23.7m19.0m33.1m24.6m17.5m45.3m60.8m36.7m31.9m22.1m34.6m14.8m18.2m10.2m9.9m14.8m14.5m13.1m22.2m20.4m18.9m

Current Assets

498.6m415.4m653.0m563.6m658.0m538.4m639.6m541.8m490.0m619.2m681.8m803.9m871.3m896.9m873.1m834.8m786.6m745.2m1.3b1.2b1.2b1.1b871.2m816.1m797.3m768.4m674.1m669.9m644.9m518.2m473.8m440.8m
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Annual
USDFY, 2011FY, 2012FY, 2013FY, 2014FY, 2015FY, 2016FY, 2017FY, 2018FY, 2019

Net Income

105.6m87.4m150.8m140.3m(65.3m)(160.4m)(650.0m)(171.8m)(141.2m)

Depreciation and Amortization

140.6m138.4m147.3m167.5m175.2m182.3m167.3m51.3m77.0m

Inventories

(4.5m)(3.1m)(8.5m)5.7m6.1m13.7m2.3m(2.0m)2.4m

Accounts Payable

3.5m21.8m(25.9m)(1.4m)(23.0m)(4.9m)(17.5m)(15.2m)(4.4m)
Quarterly
USDQ1, 2011Q2, 2011Q3, 2011Q1, 2012Q2, 2012Q3, 2012Q1, 2013Q2, 2013Q3, 2013Q1, 2014Q2, 2014Q3, 2014Q1, 2015Q2, 2015Q3, 2015Q1, 2016Q2, 2016Q3, 2016Q1, 2017Q2, 2017Q3, 2017Q1, 2018Q1, 2018Q2, 2018Q3, 2018Q1, 2019Q2, 2019Q3, 2019Q1, 2020Q2, 2020Q3, 2020

Net Income

39.8m59.2m93.6m24.6m19.7m53.8m32.9m74.2m104.2m30.1m84.3m96.8m43.7m104.5m(56.5m)(15.2m)(59.2m)(78.8m)(88.6m)(266.3m)(563.0m)(524.4m)(39.0m)(50.2m)(81.4m)(21.3m)(36.8m)(80.6m)(18.5m)(129.2m)(167.3m)

Depreciation and Amortization

35.0m70.8m105.9m33.7m67.6m102.8m35.8m71.8m109.0m40.1m82.2m124.6m43.1m86.8m130.2m45.7m91.6m137.1m44.6m88.4m129.7m36.3m11.4m22.6m33.9m19.0m38.6m57.6m17.3m34.3m53.6m

Inventories

(1.6m)(2.3m)(2.9m)(4.4m)(2.8m)(1.7m)(2.0m)(2.3m)(7.4m)1.1m9.4m7.4m(5.8m)(6.1m)1.2m11.4m9.8m1.3m2.3m2.7m(514.0k)(677.0k)(711.0k)(1.4m)

Accounts Payable

(7.3m)522.0k265.0k2.7m(1.8m)4.3m18.3m16.2m12.9m2.0m11.5m11.3m(5.4m)(15.7m)(29.1m)58.7m5.2m6.9m4.6m9.7m1.3m3.5m7.3m1.7m1.7m(2.2m)(7.8m)(8.3m)3.2m(10.4m)(14.5m)
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USDQ1, 2011

Debt/Equity

0.1 x

Debt/Assets

0.1 x

Financial Leverage

1.3 x
Show all financial metrics

Tidewater Cybersecurity Score

Cybersecurity ratingPremium dataset

B

86/100

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Tidewater Environment, Social & Governance (ESG) Ratings

CSRHub ESG ratingPremium dataset

40-49

out of 100

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Tidewater Online and Social Media Presence

Tidewater's Trends

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Tidewater Company Culture

  • Overall Culture

    D-

    52/100

  • CEO Rating

    A+

    85/100

  • Compensation

    A

    85/100

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Tidewater News and Updates

December 15, 2020

Tracy Shackelford & Harold Philipsen Affiliate with Bleakley Financial Group, Launch Bleakley Tidewater in Williamsburg, VA

WILLIAMSBURG, Va., Dec. 15, 2020 /PRNewswire/ -- Wealth management and financial planning duo Tracy Shackelford and Harold Philipsen, have rebranded their firm and joined Bleakley Financial Group. The long-time business partners and married couple opened Bleakley – Tidewater, the newest...
September 08, 2020

Tidewater Named “Superstar in Business” by Delaware State Chamber

DOVER, Del., Sept. 08, 2020 (GLOBE NEWSWIRE) -- Tidewater Utilities, Inc. (Tidewater) has been named a 2020 Superstar in Business (60-150 Employee Category) by the Delaware State Chamber of Commerce. The recognition honors small businesses that display the highest of ethical standards and incorpor…
August 21, 2020

Tidewater Utilities Announces Promotions

DOVER, Del., Aug. 21, 2020 (GLOBE NEWSWIRE) -- Tidewater Utilities, Inc. (“Tidewater” or the “Company”) has announced the promotion of several key employees as part of its ongoing succession planning initiatives.
June 08, 2020

Tidewater Equity Partners Announces Participation in Major Financings for Contego Medical and Phononic, Inc.

May 22, 2020

Tidewater Portfolio Companies in the News

Phononic-- Winner of Fast Company's 2020 World-Changing Ideas Award; Opus Medical—Agrees to Deal With Major Chinese Medical Device Player
April 17, 2020

Tidewater says Husky declares force majeure for PGR offtake agreements

Tidewater Midstream said on Friday Canadian oil and gas producer Husky Energy has delivered a force majeure notice on offtake agreements from the Prince George Refinery because of drop in demand for refined products due to the coronavirus outbreak.
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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 Larry T. Rigdon, Quintin V. Kneen and David E. Darling.

  • How many employees does Tidewater have?

    Tidewater has 5,300 employees.

  • What is Tidewater revenue?

    Latest Tidewater annual revenue is $486.5 m.

  • What is Tidewater revenue per employee?

    Latest Tidewater revenue per employee is $91.8 k.

  • Who are Tidewater competitors?

    Competitors of Tidewater include Kirby Corporation, Stabilis Energy and Harvest Oil and Gas.

  • Where is Tidewater headquarters?

    Tidewater headquarters is located at 6002 Rogerdale Rd #600, Houston.

  • Where are Tidewater offices?

    Tidewater has offices in Houston, Amelia, Mumbai, Sandnes and in 3 other locations.

  • How many offices does Tidewater have?

    Tidewater has 9 offices.