| Business Summary | | TransCoastal
Marine
Services,
Inc.
is
a
marine
construction
company
with
worldwide
operations
onshore,
in
the
transition
zone
and
offshore
(up
to
800
feet).
The
Company
has
two
operating
groups,
the
Pipeline
and
Marine
Group
and
the
Fabrication
and
Offshore
Group.
The
Pipeline
and
Marine
Group
performs
pipeline
installation
and
repair
worldwide
utilizing
a
fleet
of
Company-owned
vessels.
This
group
also
provides
construction
support
services,
including
hydrostatic
testing
and
commissioning
of
pipelines.
The
Fabrication
and
Offshore
Group
fabricates,
refurbishes
and
installs
production
platforms,
offshore
drilling
rigs,
barges
and
performs
other
related
fabrication
services.
The
Company
currently
conducts
operations
from
port
facilities
and
fabrication
yards
strategically
positioned
along
the
United
States
Gulf
Coast. | More
from
Market Guide: Expanded
Business Description |
| Financial Summary | | TCMSQ
is
a
marine
construction
company
with
worldwide
operations
onshore,
in
the
transition
zone
and
offshore.
The
Company
installs
and
repairs
pipelines,
provides
construction
support
services,
and
installs
production
platforms.
For
the
three
months
ended
3/00,
revenues
fell
65%
to
$15.7
million.
Net
loss
totalled
$9.8
million,
up
from
$112
thousand.
Results
reflect
delays
in
oilfield
fabrication
projects
and
a
decrease
in
oil
and
gas
prices. | More
from
Market Guide: Significant
Developments |
| Officers | | | FY1999 Pay | |
| Nathan Avery, 65 Chairman,
CEO | $200K | Pamela Reiland, 46 Exec.
VP | 104K | Warren Williams, 44 Treasurer,
VP, CFO, Sec. | 145K | Dollar amounts are as of 31-Dec-1999 and compensation values are for the fiscal year ending on that date; "Pay" is salary, bonuses, etc.. |
| More
from
Market Guide on Officers & Directors: Expanded
List, Bios,
Compensation,
Options
|
|