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News Breaks
February 1, 2013
07:53 EDTTDWTidewater reports Q3 EPS 61c, consensus 43c
Reports Q3 revenue $309.5M, consensus $303.87M. Included in the current fiscal quarter’s general and administrative expenses is a $5.2M settlement loss charge -- $3.4M after tax, or 7c per share -- related to the lump sum supplemental executive retirement plan distribution made in the December quarter to the company’s former President and Chief Executive Officer who retired earlier in the year. The settlement loss is the result of the recognition of heretofore unrecognized actuarial losses that were being amortized over time to pension expense. As a result of the December lump sum distribution, a portion of the previously unrecognized actuarial losses was required to be recognized in earnings in the current quarter in accordance with ASC 715.
News For TDW From The Last 14 Days
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May 27, 2015
11:32 EDTTDWTidewater sees FY16 CapEx $263M
Half of the CapEx is expected to be spent in Q1.
11:30 EDTTDWTidewater cuts near-term active vessel count outlook to 240-250 from 250-260
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11:17 EDTTDWTidewater expects crew costs to trend downward in FY16
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11:12 EDTTDWTidewater expects cost cutting initiatives to continue in coming quarters
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09:28 EDTTDWTidewater reports Q4 vessel revenue $317.77M
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09:28 EDTTDWTidewater reports Q4 EPS (19c), may not compare to consensus 57c
Reports Q4 revenue $324.76M, consensus $357.26M. Included in the March 31, 2015 quarterly results are charges resulting from cost reduction initiatives related to a more challenging business environment since the precipitous decline in crude oil prices that began in the second half of fiscal 2015, as well as period end asset impairment reviews and assessment of realization of deferred tax assets.
May 26, 2015
15:00 EDTTDWNotable companies reporting after market close
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May 15, 2015
12:28 EDTTDWTidewater extends common stock repurchase program through June 30, 2016
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