Tidewater Inc. (NYSE:TDW) Q3 2023 Earnings Conference Call November 7, 2023 9:00 AM ET

Company Participants

West Gotcher - Vice President, Finance and Investor Relations

Quintin Kneen - President and CEO

Sam Rubio - Chief Financial Officer

Piers Middleton - Chief Commercial Officer

Conference Call Participants

Jim Rollyson - Raymond James

Greg Lewis - BTIG

Operator

Thank you for standing by. My name is Eric, and I will be your conference operator today. At this time, I would like to welcome everyone to the Tidewater Incorporated Q3 2023 Earnings Call. 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]

Thank you. I would now like to turn the call over to West Gotcher, Vice President of Finance and Investor Relations. Please go ahead.

West Gotcher

Thank you, Eric. Good morning, everyone. And welcome to Tidewater’s Q3 2023 earnings conference call. I am joined on the call this morning by our President and CEO, Quintin Kneen; our Chief Financial Officer, Sam Rubio; and our Chief Commercial Officer, Piers Middleton.

During today’s call, we will 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 are making during today’s conference call. Please refer to our most recent Form 10-K and 10-Q for additional details on these factors. These documents are available on our website at tdw.com or through the SEC at sec.gov.

Information presented on this call speaks only as of today, November 7, 2023, therefore you are advised that any time-sensitive information may no longer be accurate at the time of any replay. Also during the call, we will present both GAAP and non-GAAP financial measures. A reconciliation of GAAP to non-GAAP financial measures can be found on our website at tdw.com and is included in yesterday’s press release.

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

Quintin Kneen

Thank you, West. Good morning, everyone. Welcome to the third quarter of 2023 Tidewater earnings conference call. In my prepared remarks today, I am going to focus on our success of integrating the Solstad fleet, discuss the share repurchase program that we announced yesterday and how that fits within our broader capital allocation framework, and then provide some highlights of the third quarter and on our outlook for 2024. Piers will give you more detail on the markets around the world and then Sam will explain the financials in more detail and provide some more specifics on the 2024 guidance.