Gulf Is Fabrication Inc Stock Price, News & Analysis

Gulf Island Fabrication (NASDAQ: GIFI) reported its Q1 2025 financial results with consolidated revenue of $40.3 million and net income of $3.8 million. The company's Services division posted operating income of $1.6 million, while the Fabrication division achieved operating income of $3.8 million. Despite solid Q1 performance, management anticipates a significant decline in Q2 results due to macroeconomic uncertainty and reduced customer capital spending. The company maintains a strong financial position with $67.5 million in cash and short-term investments. In April 2025, Gulf Island announced the acquisition of ENGlobal Corporation's automation, engineering, and government services businesses for a total capital commitment of $4.0 million. While this acquisition is expected to result in operating losses of $1-2 million during the initial 6-12 months, management views it as a strategic move to expand capabilities and diversify into new markets.

Gulf Island Fabrication, a leading steel fabricator and service provider to the industrial and energy sectors, has scheduled its first quarter 2025 financial results announcement for Tuesday, May 6, 2025, after market close.

The company will host a conference call on the same day at 4:00 p.m. Central Time (5:00 p.m. Eastern Time) to discuss the quarterly results. Interested parties can access the call through two methods:

• Via webcast on Gulf Island's website at www.gulfisland.com
• By phone: 1.877.704.4453 (reference "Gulf Island" conference call)

A replay of the webcast will remain available on the company's website for seven days following the call.

Gulf Island Fabrication (NASDAQ: GIFI) has reported its Q4 and full-year 2024 results. For Q4 2024, the company achieved consolidated revenue of $37.4 million and net income of $4.3 million, with adjusted EBITDA of $3.7 million. The full-year 2024 showed consolidated revenue of $159.2 million and net income of $14.7 million, with adjusted EBITDA of $12.8 million.

The company ended 2024 with a strong cash and short-term investments position of $67.3 million. However, management expects 2025 consolidated EBITDA to be lower than 2024's adjusted figures, citing customer indications of reduced capital spending in the Gulf of America.

During Q4, the Services Division reported revenue of $18.8 million (down 23.2% year-over-year) while the Fabrication Division generated $18.7 million (down 4.9%). The company continued its share repurchase program, buying back 59,170 shares in Q4 at an average price of $5.49 per share.

Gulf Island Fabrication (NASDAQ: GIFI), a leading steel fabricator and service provider to the industrial and energy sectors, has scheduled its fourth quarter and full year 2024 financial results announcement for Tuesday, March 4, 2025, after market close.

The company will host a conference call on the same day at 4:00 p.m. Central Time (5:00 p.m. Eastern Time) to discuss the results. Investors can access the call via webcast on the company's website or by calling 1.877.704.4453 and requesting the 'Gulf Island' conference call. A replay will be available on the company's website for seven days following the call.

Gulf Island Fabrication (NASDAQ: GIFI), a leading steel fabricator and service provider to industrial and energy sectors, has announced its participation in the upcoming Sidoti Micro-Cap Virtual Conference on Thursday, November 14, 2024. CEO Richard Heo and CFO Westley Stockton will be available for one-on-one meetings with registered investors during the conference. Interested parties are advised to contact their Sidoti salesperson for additional information.

Gulf Island Fabrication (NASDAQ: GIFI) reported Q3 2024 results with consolidated revenue of $37.6 million and net income of $2.3 million. The company's Adjusted EBITDA was $2.9 million. The Services division generated operating income of $1.4 million, while the Fabrication division achieved operating income of $2.0 million. The company maintained a strong financial position with $66.8 million in cash and short-term investments. Board Chair William E. Chiles announced retirement, with CEO Richard W. Heo appointed as new board chair effective November 30, 2024. The company expects full-year 2024 adjusted consolidated EBITDA to be at the lower end of the $11-13 million guidance range.

Gulf Island Fabrication (NASDAQ: GIFI) has scheduled its third quarter 2024 financial results announcement for Tuesday, November 5, 2024, after market close. The company will host a conference call at 4:00 p.m. Central Time (5:00 p.m. Eastern Time) on the same day to discuss the results. Investors can access the webcast through the company's website or join via phone by calling 1.877.704.4453. A replay will be available on the company's website for seven days following the call.

Gulf Island Fabrication (NASDAQ: GIFI) reported its Q2 2024 results with consolidated revenue of $41.3 million, up 5% year-over-year, and net income of $1.9 million. The company's Services division saw operating income of $2.2 million, while the Fabrication division reported $1.1 million. However, customer-driven project delays in the Services division led to a revision in full-year 2024 guidance.

Key financial highlights include:

• EBITDA of $2.5 million
• Cash and short-term investments of $63.1 million
• Services division EBITDA of $2.7 million
• Fabrication division EBITDA of $1.8 million

The company revised its full-year 2024 Services division EBITDA guidance to $11-13 million, down from the initial $14 million, due to project delays and investment in growth initiatives.

Gulf Island Fabrication, Inc. (NASDAQ: GIFI), a leading steel fabricator and service provider to the industrial and energy sectors, has announced its second quarter 2024 financial results conference call. The call is scheduled for Tuesday, August 6, 2024, at 4:00 p.m. Central Time (5:00 p.m. Eastern Time), following the release of financial results after market close on the same day.

Investors and interested parties can access the conference call via webcast on Gulf Island's website or by calling 1.877.704.4453 and requesting the "Gulf Island" conference call. A replay of the webcast will be available on the company's website for seven days after the call.