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), 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.
Gulf Island (NASDAQ: GIFI), a prominent steel fabricator and service provider for the industrial and energy sectors, announced its participation in the Northland Growth Conference. The event will be held virtually on June 25, 2024.
Key executives, including CEO Richard Heo and CFO Westley Stockton, will be available for one-on-one meetings with registered investors.
For more details, interested parties are encouraged to contact their Northland salesperson.
Gulf Island Fabrication, Inc. reported strong first quarter 2024 results with consolidated revenue of $42.9 million, net income of $6.2 million, and adjusted EBITDA of $3.7 million. The Services Division saw operating income of $2.9 million and EBITDA of $3.3 million, while the Fabrication Division reported operating income of $4.7 million and adjusted EBITDA of $2.5 million. The company ended the quarter with a cash balance of $61.3 million and reiterated its full-year 2024 financial guidance.
Gulf Island Fabrication, Inc. (NASDAQ: GIFI) will participate in the Sidoti Micro-Cap Virtual Conference on May 9, 2024. The company's executive management team, including the CEO and CFO, will engage in one-on-one meetings with investors. Contact Sidoti for more details.
Gulf Island Fabrication, Inc. announced that it will report financial results for the first quarter of 2024 on May 7, 2024. The conference call to discuss the results will be held on the same day at 4:00 p.m. Central Time.
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