Gulf Marine Services Raises 2022 and 2024 Earnings Outlook on Improving Market and Contracts
-
Gulf Marine Services raised full-year earnings guidance on improving market outlook
-
Now expects 2022 EBITDA of $83-86 million, up from prior $77-85 million range
-
Sees 2024 EBITDA improving further to $87-95 million range
-
Attributing outlook improvement to significant backlog visibility increase and market outlook
-
Recent contracts allow for more balanced geographical distribution of fleet