Our primary business is marine transportation services in support of the upstream oil and gas industry. Since entering the market in 1990, we have steadily evolved into a global, growth-oriented marine services provider known for our technologically advanced fleet and quality performance. We have earned a reputation for consistent performance, safe operations and a dedication to exceptional service. With a commitment to meeting the needs of our clients in the ever-changing offshore environment, we have grown rapidly through the continuous expansion and modernization of our fleet. Newly constructed vessels added since 2005, represent more than 60%. We continue to add a diverse mix of highly capable vessels whilst selling older, non-strategic assets, and remain one of the youngest global fleets in the industry. Starting with a strong position in the North Sea, where we are the largest operator of Platform Supply Vessels, we have built a balanced global footprint in major energy-producing regions. We now operate significant fleets in the high-growth markets of Southeast Asia and in the Americas, including the high-potential deepwater basins offshore Brazil and the Gulf of Mexico. Our fleet includes 72 offshore vessels in various markets throughout the world.
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Type
Public
HQ
Houston, US
Founded
1996
Size (employees)
900 (est)
GulfMark was founded in 1996 and is headquartered in Houston, US
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Key People/Management at GulfMark

Quintin Kneen

Quintin Kneen

President and Chief Executive Officer
Samuel Rubio

Samuel Rubio

Senior Vice President, Chief Financial Officer
Lee Johnson

Lee Johnson

Senior Vice President and Chief Information Officer
Andrew Bruzdzinski

Andrew Bruzdzinski

Vice President - Americas
Ewan Geddes

Ewan Geddes

Managing Director, UK and SEA
Trond Forland

Trond Forland

Managing Director, Norway
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GulfMark Office Locations

GulfMark has an office in Houston
Houston, US (HQ)
400 842 West Sam Houston Pkwy N
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GulfMark Financials and Metrics

GulfMark Financials

GulfMark's revenue was reported to be $123.72 m in FY, 2016
USD

Revenue (Q1, 2018)

24.4 m

Net income (Q1, 2018)

(15.2 m)

EBIT (Q1, 2018)

(13.5 m)

Market capitalization (23-May-2018)

249.1 m

Closing share price (23-May-2018)

34.6

Cash (31-Mar-2018)

52.9 m

EV

288.7 m
GulfMark's current market capitalization is $249.1 m.
Annual
USDFY, 2013FY, 2014FY, 2016

Revenue

454.6 m495.8 m123.7 m

Revenue growth, %

9%

EBIT

100.5 m101.7 m(231.3 m)

EBIT margin, %

22%21%(187%)
Quarterly
USDQ1, 2018

Revenue

24.4 m

General and administrative expense

6.9 m

Operating expense total

37.9 m

Depreciation and amortization

8.9 m
Annual
USDFY, 2013FY, 2014FY, 2015FY, 2016

Cash

60.6 m50.8 m21.9 m8.8 m

Inventories

18.1 m17.8 m16.6 m7.5 m

Current Assets

190.1 m166.7 m87 m52.9 m
Quarterly
USDQ1, 2018

Cash

52.9 m

Inventories

1.5 m

Current Assets

83.1 m

Total Assets

453.6 m
Annual
USDFY, 2013FY, 2014FY, 2015FY, 2016

Net Income

70.6 m62.4 m(215.2 m)(203 m)

Depreciation and Amortization

64 m75.3 m72.6 m58.2 m

Accounts Payable

(1.7 m)(3.9 m)(8.6 m)(593 k)
Quarterly
USDQ1, 2018

Net Income

(15.2 m)

Depreciation and Amortization

8.9 m

Accounts Payable

(3.2 m)

Cash From Operating Activities

(17.1 m)
USDY, 2018

EV/EBIT

-21.4 x

EV/CFO

-16.8 x

Financial Leverage

1.4 x
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GulfMark News and Updates

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