Global Industries, Ltd. (NASDAQ:GLBL)
About Global Industries, Ltd. (NASDAQ:GLBL) Global Industries, Ltd. provides construction and subsea services, including pipeline construction, platform installation and removal, project management, construction support, diving services, diverless intervention, and marine support services to the offshore oil and gas industry. As of December 31, 2009, its fleet included eight derrick lay barges (DLBs), one heavy lift ship, one pipelay barge, four multiservice vessels (MSVs), three dive support vessels (DSVs), one offshore supply vessel (OSV), and one cargo barge. The Company’s business consists of two principal activities: Offshore Construction Services, which include pipeline construction and platform installation and removal services, and Subsea Services, which include diving and diverless intervention, subsea equipment, umbilical, riser, and flow line (SURF), and support services for construction.
Statistics Symbol
GLBL
EPS
0.47
Current Price
$7.17
Market Capitalization:
$888.42M
52 week range
$4.05 – $8.19
Shares Outstanding
115.23M
Avg Volume
686,821.00
Beta Value
2.05
Financials Global Industries, Ltd. (NASDAQ:GLBL) produced total revenue of $189.50 million which is considerably less than last quarter’s revenue of $228.58 million. Moreover, operating and net income have decreased in current quarter which produced poor results as compared to last quarter’s ending. The company’s cash flow from operations has increased up to $61.09 million from last quarter’s ending cash flow of $2.51 million. Moreover, company’s cash flow from financing (CFF) activities has decreased to negative $31.20 million from negative $29.17 million. This shows that the company would not face any liquidity problems. According to present quarter’s ending financials as on September 30, 2010, Company’s total assets mount up to $1.43 billion. Return on equity and return on assets both are decreasing. Total liabilities and total equity stand at $606.09 million and $827.01 million respectively.
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