Gulfmark Offshore (GLF) Misses Q3 EPS by 19c

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Go back to Gulfmark Offshore (GLF) Misses Q3 EPS by 19c

GulfMark Offshore Announces Third Quarter 2015 Operating Results

November 9, 2015 6:33 AM EST

HOUSTON, Nov. 09, 2015 (GLOBE NEWSWIRE) -- GulfMark Offshore, Inc. (GulfMark or the Company) (NYSE: GLF) today announced its results of operations for the three- and nine-month periods ended September 30, 2015. Quarterly highlights include:

Generated Cash from Operations of $7.9 Million After Semi-Annual Interest Payments.Reduced Direct Operating Expenses, Before Special Items, by 10% vs. Previous Quarter. Forecasting Additional Decrease in Direct Operating Expenses of Approximately 19% from Q3 to Q4 2015, Before Special Items.Lowered General and Administrative Expenses, Before Special Items, by 4% vs. Previous Quarter. Recorded Non-Cash Pre-Tax... More