Welcome to our dedicated page for Gulf Is Fabrication news (Ticker: GIFI), a resource for investors and traders seeking the latest updates and insights on Gulf Is Fabrication stock.
Gulf Island Fabrication, Inc. (NASDAQ: GIFI) generates news that spans corporate transactions, project awards and financial performance within the industrial, energy and government sectors. The company’s releases describe it as a fabricator of complex steel structures, modules and automation systems and a provider of specialty services such as engineering, project management, commissioning, repair, maintenance, scaffolding, coatings, welding enclosures, cleaning and environmental, and technical field services.
News updates for GIFI often cover quarterly and annual financial results, where Gulf Island reports revenue, net income or loss, and non-GAAP measures like EBITDA and adjusted EBITDA for its Services and Fabrication divisions. These earnings releases also discuss trends in small-scale and large fabrication activity, services demand, and progress on strategic initiatives such as diversification into infrastructure and government end markets.
Project-related announcements highlight contract awards and milestones. Examples include a fabrication contract to support the rebuilding of the Francis Scott Key Bridge in Baltimore, Maryland, where Gulf Island will fabricate structural components, and a government services task order through its ENGlobal business to upgrade and install an automated fuel handling system for the U.S. Defense Logistics Agency. Such news illustrates the company’s role in infrastructure and government projects, alongside its traditional industrial and energy work.
Corporate and strategic developments are another key news theme. Gulf Island has issued releases about acquiring certain assets of ENGlobal Corporation’s automation, engineering and government services businesses, and about entering into and advancing a merger agreement with IES Holdings, Inc. Shareholder meeting announcements, conference call schedules and participation in investor conferences also appear in the news flow.
Investors and observers following the GIFI news page can review these updates to see how Gulf Island reports on its operating performance, contract pipeline, diversification efforts and the status of its planned acquisition by IES Holdings, based on the company’s own public communications.
Gulf Island Fabrication (NASDAQ: GIFI) said shareholders approved its acquisition by IES Holdings, with the parties intending to complete the merger on January 16, 2026 subject to satisfaction or waiver of remaining customary closing conditions. If completed, Gulf Island common stock will no longer be publicly traded and will be delisted from Nasdaq.
This approval clears a key closing condition and sets an expected completion date, while closing remains contingent on customary conditions.
Gulf Island (NASDAQ: GIFI) reported third-quarter 2025 results: $51.5M consolidated revenue, $1.6M net income and $2.5M adjusted EBITDA. The company recorded stronger fabrication revenue and a large structural steel award for the Francis Scott Key Bridge, while the recently acquired Englobal business produced integration losses.
At Sept 30, 2025 Gulf Island held $64.6M cash and short-term investments and $19.0M total debt. On Nov 7, 2025 Gulf Island entered a definitive merger agreement with IES Holdings to be acquired for $12.00 per share, expected to close in Q1 2026, and suspended share repurchases and the earnings conference call.
Gulf Island Fabrication (NASDAQ: GIFI) has secured a significant fabrication contract to support the reconstruction of the Francis Scott Key Bridge in Baltimore, Maryland. The fixed-price contract, valued at over $35 million, involves fabricating structural components for the iconic bridge's rebuilding effort.
Material procurement has already begun, with fabrication activities scheduled to commence in Q4 2025. The contract will be included in the company's new awards and backlog during Q3 2025. This strategic project represents Gulf Island's expansion beyond its traditional energy market focus, leveraging its expertise in heavy steel fabrication and modular construction.
Gulf Island Fabrication (NASDAQ: GIFI) has secured a significant task order from the U.S. Defense Logistics Agency (DLA) through its Englobal government services business. The contract, valued at over $7.0 million, involves upgrading and installing an automated fuel handling system at the Fleet Logistics Center in Yokosuka, Japan.
The project is scheduled to commence in September 2025 with completion expected in Q1 2028. This task order is part of a broader indefinite-delivery, indefinite-quantity contract extending through September 2029, allowing DLA to issue similar fuel system upgrade orders worldwide. The award follows Gulf Island's acquisition of Englobal in Q2 2025.
Gulf Island Fabrication (NASDAQ: GIFI) reported its Q2 2025 results with consolidated revenue of $37.5 million, down from $41.3 million in Q2 2024. The company posted a net loss of $0.6 million and adjusted EBITDA of $1.9 million.
Key highlights include the acquisition of ENGlobal Corporation's automation, engineering, and government services businesses, expected to contribute to profitability in 2026. The Services division generated operating income of $1.6 million, while the Fabrication division reported operating income of $0.4 million.
The company maintained a strong financial position with $62.2 million in cash and investments, while repurchasing approximately 437,000 shares for $2.8 million. Gulf Island also received a limited notice to proceed contract for approximately $20.0 million for a structural steel project.
Gulf Island Fabrication (NASDAQ: GIFI), a steel fabricator and service provider to industrial, energy and government sectors, has scheduled its second quarter 2025 financial results announcement for Wednesday, August 6, 2025, after market close.
The company will host a conference call at 4:00 p.m. Central Time on the same day to discuss the results. Investors can access the call via webcast on the company's website or by phone at 1.877.704.4453. A replay will be available on Gulf Island's website for seven days following the call.
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.
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