GulfMark Offshore Announces Fourth Quarter 2014 Operating Results

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Go back to GulfMark Offshore Announces Fourth Quarter 2014 Operating Results

Gulfmark Offshore (GLF) Tops Q4 EPS by 13c; Will Suspend Dividend

February 17, 2015 6:08 AM EST

Gulfmark Offshore (NYSE: GLF) reported Q4 EPS of $0.29, $0.13 better than the analyst estimate of $0.16. Revenue for the quarter came in at $116.1 million versus the consensus estimate of $116.34 million.

Quintin Kneen, President and CEO, commented, "Revenue for the fourth quarter exceeded our revised guidance, revenue for the year was the highest in company history, and this year's operating income was the highest we have ever achieved. Those facts are nice to mention, but our focus remains on return-on-capital, and by that measure the quarterly results, although above our guidance, were below our long-term expectations.... More