GulfMark Offshore (GLF) Tops Q3 EPS by 9c

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Go back to GulfMark Offshore (GLF) Tops Q3 EPS by 9c

GulfMark Offshore Announces Third Quarter 2014 Operating Results

October 20, 2014 6:00 PM EDT

HOUSTON, Oct. 20, 2014 (GLOBE NEWSWIRE) -- GulfMark Offshore, Inc. (NYSE: GLF) today announced its results of operations for the three- and nine-month periods ended September 30, 2014. For the quarter ended September 30, 2014, revenue was $128.7 million, and net income was $24.3 million, or $0.92 per diluted share. Included in the quarterly results were three special items, discussed further below, that totaled $0.17 per diluted share. Earnings before these special items were $0.75 per diluted share.

Quintin Kneen, President and CEO, commented, "The global offshore vessel market flattened in the third quarter as fewer offshore drilling rigs were utilized than anticipated, and... More