Tidewater Inc. (TDW): History, Ownership, Mission, How It Works & Makes Money

Ever heard of Tidewater Inc. (TDW), the offshore service vessel giant? With a history stretching back to 1956, and boasting the industry's largest OSV fleet, how exactly does this company operate and generate revenue in the competitive offshore energy sector? Keep reading to discover how Tidewater's strategic focus and operational expertise led to a 33% increase in annual revenue, reaching $1.35 billion in 2024, and what makes it a key player in supporting offshore energy activities worldwide.

Tidewater Inc. (TDW) History

Tidewater Inc.'s Founding Timeline

Year established

The company was originally established in 1956.

Original location

The company's original location was in New Orleans, Louisiana.

Founding team members

The founder of the company was John P. Laborde.

Initial capital/funding

The initial capital for establishing the company was $3 million.

Tidewater Inc.'s Evolution Milestones

Tidewater Inc.'s Transformative Moments

• 1956: Founded as Tidewater Marine Service, Inc. with $3 million in capital, marking its entry into the offshore service vessel (OSV) business.
• 1960s-1970s: Rapid expansion and became a dominant player in the global OSV market.
• 1980s: Diversified its services and expanded through strategic acquisitions.
• 1990s: Extended its global operations, establishing a presence in key offshore energy markets worldwide.
• 2017: Filed for Chapter 11 bankruptcy due to a prolonged downturn in the offshore energy market.
• 2018: Successfully emerged from bankruptcy with a stronger balance sheet and renewed strategic focus.
• 2018: Acquisition of GulfMark Offshore, significantly expanding its fleet and market position, creating the industry's leading OSV provider.
• 2019-Present: Focused on modernizing its fleet and expanding its service offerings to meet evolving customer needs.

For more insights into investor behavior, check out: Exploring Tidewater Inc. (TDW) Investor Profile: Who’s Buying and Why?

Tidewater Inc. (TDW) Ownership Structure

Tidewater Inc. operates as a publicly traded company, with its ownership distributed among a mix of institutional investors, individual shareholders, and company insiders. This structure is typical of publicly listed firms, where shares are available for purchase on the open market.

Tidewater Inc.'s Current Status

Tidewater Inc. is a publicly traded company, meaning its shares are listed on a stock exchange and available for purchase by the general public. As a publicly-held entity, it is subject to regulatory oversight and reporting requirements, providing a level of transparency regarding its financial performance and operational activities.

Tidewater Inc.'s Ownership Breakdown

The ownership of Tidewater Inc. is distributed among various shareholders, including institutional investors, mutual funds, and individual investors. The following table provides an overview of the major categories of shareholders and their approximate ownership percentages, based on the most recent filings and available data. Please note that these figures are subject to change as investors buy and sell shares.

Tidewater Inc.'s Leadership

The leadership team at Tidewater Inc. is responsible for setting the strategic direction of the company and overseeing its day-to-day operations. Key figures include:

• Quintin V. Kneen: President, Chief Executive Officer & Director
• Samir Ali: Executive VP & CFO
• David E. Darling: Executive VP & COO

These individuals, along with other members of the executive team and board of directors, bring a wealth of experience and expertise to the company. Their decisions and actions play a crucial role in shaping Tidewater's performance and future prospects.

For additional insights into investor behavior and trends, explore: Exploring Tidewater Inc. (TDW) Investor Profile: Who’s Buying and Why?

Tidewater Inc. (TDW) Mission and Values

Tidewater Inc. aims to be the leader in the offshore energy support vessel industry, committed to safety, service, and sustainability, guiding their operations and stakeholder relationships.

Tidewater Inc.'s Core Purpose

Official mission statement

Tidewater's official mission statement is: 'To be the premier offshore energy support vessel company, relentlessly focused on safety, service and sustainability.' This statement underscores the company's commitment to:

• Safety: Prioritizing the health and well-being of its employees, customers, and the environment.
• Service: Delivering exceptional value and reliability to its clients in the offshore energy sector.
• Sustainability: Operating in an environmentally responsible manner and contributing to the long-term viability of the industry.

Vision statement

While a specific formal vision statement may not be publicly highlighted, Tidewater's actions and strategic goals suggest a vision focused on:

• Maintaining industry leadership through operational excellence and innovation.
• Expanding its global presence while adhering to the highest standards of safety and environmental stewardship.
• Creating sustainable value for shareholders, employees, and the communities in which it operates.

Company slogan/tagline

Tidewater does not have a widely publicized official slogan or tagline. However, their core values and mission imply a consistent message of:

• Reliability and expertise in offshore energy support.
• A commitment to safe and sustainable operations.
• Global reach with local responsiveness.

For more in-depth insights into the investors of Tidewater Inc., explore: Exploring Tidewater Inc. (TDW) Investor Profile: Who’s Buying and Why?

Tidewater Inc. (TDW) How It Works

Tidewater Inc. provides offshore marine support and transportation services to the global energy industry, operating a fleet of vessels that support offshore oil and gas exploration, field development, and production activities.

Tidewater Inc.'s Product/Service Portfolio

Tidewater Inc.'s Operational Framework

Tidewater's operational framework is designed to provide comprehensive support to offshore energy activities. The company's vessels are equipped with advanced technology and operated by experienced crews to ensure safe and efficient operations. Key aspects of their operational framework include:

• Global Footprint: Tidewater operates in key offshore energy markets around the world, including the Gulf of Mexico, North Sea, Africa, and Asia Pacific.
• Fleet Management: The company manages a diverse fleet of vessels, including platform supply vessels, anchor handling tug supply vessels, and specialty vessels.
• Safety and Compliance: Tidewater prioritizes safety and adheres to strict industry regulations and standards.
• Customer Focus: The company works closely with its customers to understand their specific needs and provide tailored solutions.

To delve deeper into the company's financial performance, explore Breaking Down Tidewater Inc. (TDW) Financial Health: Key Insights for Investors.

Tidewater Inc.'s Strategic Advantages

Tidewater's strategic advantages enable it to maintain a competitive position in the offshore marine support industry:

• Large and Diverse Fleet: Tidewater operates one of the largest fleets of offshore support vessels in the industry, providing it with the flexibility to meet a wide range of customer needs.
• Global Presence: The company's global presence allows it to serve customers in key offshore energy markets around the world.
• Experienced Management Team: Tidewater's management team has extensive experience in the offshore marine support industry.
• Strong Financial Position: As of the fiscal year 2024, Tidewater maintains a strong financial position, enabling it to invest in its fleet and operations.

Tidewater Inc. (TDW) How It Makes Money

Tidewater Inc. primarily generates revenue by providing offshore marine support and transportation services to the global energy industry.

Tidewater Inc.'s Revenue Breakdown

Tidewater Inc.'s Business Economics

Tidewater Inc.'s business economics are influenced by several key factors:

• Day Rates: The rates Tidewater charges for its vessels are a primary driver of revenue. These rates are influenced by supply and demand in the offshore energy market.
• Vessel Utilization: Higher utilization rates mean more revenue. Utilization is affected by the level of offshore drilling and production activity.
• Fuel Costs: As a major operating expense, fluctuations in fuel prices can significantly impact profitability.
• Geographic Presence: Tidewater's operations span multiple regions, each with its own market dynamics and pricing structures.
• Fleet Composition: The mix of vessel types in Tidewater's fleet (e.g., platform supply vessels, anchor handling tug supply vessels) influences the services it can offer and the revenue it can generate.

Tidewater Inc.'s Financial Performance

Tidewater Inc.'s financial performance can be assessed through the following metrics:

• Revenue Growth: Indicates the rate at which Tidewater's sales are increasing. For example, Tidewater's revenue for the year 2024 was $979.4 million compared to $770.9 million for the year 2023.
• Gross Profit Margin: Measures the percentage of revenue remaining after deducting the cost of vessel operations. In 2024, Tidewater's gross profit was $354.73 million.
• Operating Income: Shows profit from operations after deducting operating expenses. Tidewater's operating income for 2024 was $144.77 million.
• Net Income: Represents the profit after all expenses, including interest and taxes, have been paid. In 2024, Tidewater's net income was $78.08 million.
• Earnings Per Share (EPS): Net income divided by the number of outstanding shares, indicating profitability on a per-share basis. The basic earnings per share in 2024 was $1.59.

For a deeper dive into Tidewater's financial health, check out: Breaking Down Tidewater Inc. (TDW) Financial Health: Key Insights for Investors

Tidewater Inc. (TDW) Market Position & Future Outlook

Tidewater Inc. is strategically positioned to capitalize on the increasing demand for offshore energy support services, with a focus on maintaining its leadership in the dynamic marine sector. The company's future outlook appears positive, driven by fleet optimization and strategic market expansion.

Competitive Landscape

Opportunities & Challenges

Industry Position

Tidewater Inc. holds a leading position in the offshore service vessel (OSV) sector, characterized by:

• A substantial and diverse fleet, enabling it to serve a wide range of offshore activities.
• A global operational network that provides a competitive edge in securing international contracts.
• Commitment to safety and environmental standards, enhancing its reputation and client trust.

For more in-depth insights into investor behavior and stock dynamics, check out: Exploring Tidewater Inc. (TDW) Investor Profile: Who’s Buying and Why?