Tidewater Inc. (NYSE:TDW) Q1 2022 Earnings Conference Call May 10, 2022 9:00 AM ET

Company Participants

West Gotcher – Vice President of Finance and Investor Relations

Quintin Kneen – President and Chief Executive Officer

Piers Middleton – Vice President of Sales and Marketing

Sam Rubio – Chief Financial Officer

Conference Call Participants

Patrick Fitzgerald – Baird

Operator

Good morning. My name is Audra, and I will be your conference operator today. At this time, I would like to welcome everyone to the Tidewater Q1 2022 Earnings Call. Today’s conference is being recorded. All lines have been placed on mute to prevent any background noise. After the speakers’ remarks, there will be a question-and-answer session. [Operator Instructions]

And at this time, I would like to turn the conference over to West Gotcher, Vice President of Finance and Investor Relations. Please go ahead.

West Gotcher

Thank you, Audra. Good morning, everyone, and welcome to Tidewater’s earnings conference call for the three months ended March 31, 2022. I’m joined on the call this morning by our President and CEO, Quintin Kneen; our Chief Financial Officer, Sam Rubio; our General Counsel and Corporate Secretary, Daniel Hudson; and our Vice President of Sales and Marketing, Piers Middleton.

During today’s call, we’ll make certain statements that are forward-looking and referring to our plans and expectations. There are risks and uncertainties and other factors that may cause the company’s actual performance to be materially different from that stated or implied by any comment that we make during today’s conference call.

Please refer to our most recent Form 10-K and Form 10-Q for additional details on these factors. These documents are available on our website at tdw.com, or through the at sec.gov. Information presented on this call speaks only as of today, May 10, 2022, therefore, you’re advised that any time-sensitive information may no longer be accurate at the time of any replay.

Also during the call, we’ll present both GAAP and non-GAAP financial measures. A reconciliation of GAAP to non-GAAP financial measures. A reconciliation of GAAP to non-GAAP measures is included in yesterday’s press release.

And now with that, I’ll turn the call over to Quintin.

Quintin Kneen

Thank you, West. Good morning, everyone, and welcome to the first quarter 2022 Tidewater earnings conference call. I’m pleased to say that the first quarter was another solid quarter in a series of solid quarters. Momentum in the business continues to build, and we are starting to see the benefits of a tightening supply and demand balance we’ve been talking about over the last few quarters.