Gulf Is Fabrication Inc Stock Price, News & Analysis

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 (NASDAQ: GIFI), a prominent steel fabricator and service provider for industrial and energy sectors, has announced its participation in the upcoming Q2 Investor Summit Virtual Conference scheduled for June 11, 2025. During the conference, CEO Richard Heo will be available for one-on-one meetings with registered investors, providing an opportunity for direct engagement with the company's leadership.

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.