Tidewater
- Revenue$397 MFY, 2020
- Market Capitalization$1.1 B2022-05-27
OverviewSuggest Edit
Tidewater is a company that provides offshore marine support and transportation services to the global offshore energy industry. It offers support primarily for various phases of offshore oil and natural gas exploration, field development and production as well as windfarm development and maintenance. The company presents services such as towing, anchor handling, mobile offshore drilling units; transporting supplies and personnel necessary to sustain drilling, workover and production activities, etc.
| Type | Public | |
| Founded | 1956 | |
| HQ | Houston, TX, US | Map |
| Website | tdw.com | |
| Employee Ratings | ||
| Overall Culture | D | More |
Recent NewsAll News
- Tracy Shackelford & Harold Philipsen Affiliate with Bleakley Financial Group, Launch Bleakley Tidewater in Williamsburg, VA
- Tidewater Named “Superstar in Business” by Delaware State Chamber
- Tidewater Utilities Announces Promotions
- Tidewater Equity Partners Announces Participation in Major Financings for Contego Medical and Phononic, Inc.
Key People/Management at Tidewater
Quintin V. Kneen
President, CEO and Director
Samuel R. Rubio
Executive Vice President and Chief Financial Officer
David E. Darling
Executive Vice President and Chief Operating Officer
Lee Johnson
Senior Vice President and Chief Information Officer
Daniel A. Hudson
Executive Vice President, General Counsel and Corporate Secretary
Darren J. Vorst
Vice President and Treasurer
Tidewater Office Locations
Tidewater has offices in Houston, Amelia, Shenzhen, and in 6 other locations
Houston, TX, US (HQ)
6002 Rogerdale Rd #600
Amelia, LA, US
200 Ford Industrial Rd
Shenzhen, CN
9th Floor, Block B, Pacific Commercial Building, Jiabin Road
Mumbai, IN
1st Floor, Transocean House
Lake Boulevard Road Powai
Sandnes, NO
Strandgata 5
Al Khobar, SA
Prince Hammoud, Al Aqrabiyah
Tidewater Financials and Metrics
Tidewater Revenue
Tidewater's revenue was reported to be $397.04 m in FY, 2020 which is a 18.4% decrease from the previous period.
| USD | |
|---|---|
Revenue (Q3, 2021) | 92.4m |
Gross profit (Q3, 2021) | 27.1m |
Gross profit margin (Q3, 2021), % | 29.3% |
Net income (Q3, 2021) | (26.3m) |
EBIT (Q3, 2021) | (21.6m) |
Market capitalization (27-May-2022) | 1.1b |
Closing stock price (27-May-2022) | 27.7 |
Cash (30-Sept-2021) | 127.4m |
EV | 1.2b |
Tidewater's current market capitalization is $1.1 b.
Annual
Quarterly
| USD | Q1, 2019 | Q2, 2019 | Q3, 2019 | Q1, 2020 | Q2, 2020 | Q3, 2020 | Q1, 2021 | Q2, 2021 | Q3, 2021 |
|---|---|---|---|---|---|---|---|---|---|
Revenue | 122.1m | 125.9m | 119.8m | 116.4m | 102.3m | 86.5m | 83.5m | 90.0m | 92.4m |
Cost of goods sold | 83.0m | 81.0m | 81.2m | 81.5m | 64.9m | 62.0m | 62.1m | 64.8m | 65.7m |
Gross profit | 39.9m | 45.4m | 39.1m | 37.5m | 37.6m | 24.7m | 22.5m | 25.7m | 27.1m |
Gross profit Margin, % | 33% | 36% | 33% | 32% | 37% | 29% | 27% | 29% | 29% |
Annual
Quarterly
| USD | Q1, 2019 | Q2, 2019 | Q3, 2019 | Q1, 2020 | Q2, 2020 | Q3, 2020 | Q1, 2021 | Q2, 2021 | Q3, 2021 |
|---|---|---|---|---|---|---|---|---|---|
Cash | 391.1m | 369.5m | 359.3m | 187.8m | 203.1m | 192.2m | 131.9m | 131.2m | 127.4m |
Accounts Receivable | 112.9m | 121.2m | 123.1m | 119.5m | 115.0m | 100.6m | 99.9m | 90.2m | 86.0m |
Prepaid Expenses | 22.2m | 20.4m | 18.9m | 13.6m | 16.0m | 13.1m | |||
Inventories | 29.3m | 29.1m | 21.3m | 21.9m | 20.6m | 17.8m | 15.7m | 15.4m | 13.3m |
Annual
Quarterly
| USD | Q1, 2019 | Q2, 2019 | Q3, 2019 | Q1, 2020 | Q2, 2020 | Q3, 2020 | Q1, 2021 | Q2, 2021 | Q3, 2021 |
|---|---|---|---|---|---|---|---|---|---|
Net Income | (21.3m) | (36.8m) | (80.6m) | (18.5m) | (129.2m) | (167.3m) | (35.5m) | (65.2m) | (91.6m) |
Depreciation and Amortization | 19.0m | 38.6m | 57.6m | 17.3m | 34.3m | 53.6m | 18.5m | 36.7m | 54.6m |
Accounts Payable | (2.2m) | (7.8m) | (8.3m) | 3.2m | (10.4m) | (14.5m) | (2.4m) | (792.0k) | 1.1m |
Cash From Operating Activities | (3.2m) | (20.7m) | (36.7m) | (27.5m) | (12.8m) | 1.8m | 5.7m | 10.6m | 8.1m |
| USD | FY, 2018 |
|---|---|
Revenue/Employee | 73.9k |
Debt/Equity | 0.4 x |
Debt/Assets | 0.2 x |
Financial Leverage | 1.6 x |
Tidewater Acquisitions / Subsidiaries
| Company Name | Date | Deal Size |
|---|---|---|
| GULFMARK OFFSHORE INC | November 15, 2018 | $285.49 m |
| Troms Offshore Supply AS | June 04, 2013 | $150 m |
| O.I.L. (Nigeria) Limited | May 16, 1997 | $626 m |
| Zapata Gulf Marine L.L.C. | January 15, 1992 | |
| 3291361 Nova Scotia ULC | ||
| Al Wasl Marine LLC | ||
| Antilles Marine Service Limited | ||
| Arabia Shipping Limited | ||
| Arrendadora de Naves del Golfo, S.A. de C.V., SOFOM, ENR | ||
| Chalvoyage (M) Sdn. Bhd. |
Tidewater Revenue Breakdown
Tidewater revenue breakdown by geographic segment: 21.1% from Europe/Mediterranean, 19.8% from West Africa, 31.9% from Americas, 24.5% from Middle East/Asia Pacific and 2.7% from Other
Tidewater Cybersecurity Score
Tidewater Environment, Social & Governance (ESG) Ratings
Tidewater Online and Social Media Presence
223 Twitter followers
Tidewater has 223 Twitter Followers. The number of followers has increased 1.2% month over month and increased 3.9% quarter over quarter
Tidewater's Trends
Tidewater Company Culture
Overall Culture
D
59/100
CEO Rating
A+
87/100
Compensation
A+
85/100
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.
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.
Tidewater Frequently Asked Questions
When was Tidewater founded?
Tidewater was founded in 1956.
Who are Tidewater key executives?
Tidewater's key executives are Quintin V. Kneen, Samuel R. Rubio and David E. Darling.
How many employees does Tidewater have?
Tidewater has 5,400 employees.
What is Tidewater revenue?
Latest Tidewater annual revenue is $397 m.
What is Tidewater revenue per employee?
Latest Tidewater revenue per employee is $73.5 k.
Who are Tidewater competitors?
Competitors of Tidewater include SEACOR, Siem Offshore and Kirby Corporation.
Where is Tidewater headquarters?
Tidewater headquarters is located at 6002 Rogerdale Rd #600, Houston.
Where are Tidewater offices?
Tidewater has offices in Houston, Amelia, Shenzhen, and in 6 other locations.
How many offices does Tidewater have?
Tidewater has 10 offices.
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