Gulf Marine Services (GB:GMS) has released an update.
Pick the best stocks and maximize your portfolio:
- Discover top-rated stocks from highly ranked analysts with Analyst Top Stocks!
- Easily identify outperforming stocks and invest smarter with Top Smart Score Stocks
Gulf Marine Services has reported a notable financial performance for the first nine months of 2024, with revenue climbing 11% to $126.1 million and adjusted EBITDA increasing by 12% to $76.1 million. The company has successfully reduced its net debt by 21%, reflecting a robust deleveraging strategy, while also securing a significant backlog increase to $505 million by October 2024. This strong financial footing and strategic progress position GMS well for future growth in the offshore oil, gas, and renewables sectors.
For further insights into GB:GMS stock, check out TipRanks’ Stock Analysis page.
