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 (GIFI) delivers essential updates through this dedicated news hub for investors and industry observers. Access official press releases and curated analysis covering the company's fabrication projects, shipyard operations, and energy sector services.
This resource provides timely updates on earnings reports, contract awards, and strategic developments across GIFI's three core divisions. Track progress on offshore platform construction, marine vessel maintenance milestones, and industrial service expansions through verified announcements.
Key updates include fabrication project completions, safety certifications, partnership announcements, and operational efficiency initiatives. The curated selection ensures stakeholders stay informed about critical developments impacting Gulf Island Fabrication's market position in heavy steel manufacturing and maritime infrastructure.
Bookmark this page for direct access to primary source materials and objective reporting on GIFI's activities. Regular updates provide transparency into the company's execution of complex engineering projects and maintenance services across energy and maritime sectors.
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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