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 (GIFI) announced its fourth quarter and full-year 2022 results, reporting a 47.8% year-over-year increase in revenue to $38.1 million. Consolidated income from continuing operations was $0.5 million, a turnaround from a loss of $6.2 million in Q4 2021. EBITDA improved to $1.7 million compared to a loss of $5.1 million in the prior year. Key segments showed growth: Services segment revenue rose to $21.6 million (up 60.3% y/y) and Fabrication segment revenue increased to $16.4 million (up 60% y/y). Cash and short-term investments stood at $44.7 million with no bank debt.
Gulf Island Fabrication, Inc. (NASDAQ: GIFI) announced it will report its financial results for Q4 and the full year of 2022 after the market closes on March 28, 2023. The management team will hold a conference call at 4:00 p.m. Central Time to discuss the financials. Investors can access the call via webcast on Gulf Island's website or by calling 1.877.704.4453. Gulf Island specializes in fabricating complex steel structures and providing specialized services to the industrial and energy sectors, including project management and maintenance.
Gulf Island Fabrication's Q3 2022 results showcase a 102.1% revenue increase to $39.6 million, despite a decline in income from continuing operations of $0.6 million. The Services Division saw significant growth, doubling its EBITDA thanks to strong offshore activity and the DSS Acquisition. A key milestone was the signing of a large offshore fabrication contract in the Gulf of Mexico. The company reported a robust cash balance exceeding $37 million, providing liquidity for future growth strategies.
Gulf Island Fabrication (NASDAQ: GIFI) announced participation in the Sidoti Micro-Cap Virtual Conference on November 10, 2022. CEO Richard Heo and CFO Westley Stockton will engage in one-on-one meetings with registered investors during the event. Gulf Island specializes in fabricating complex steel structures and providing services such as project management and maintenance for the energy and industrial sectors. Headquartered in Houston, Texas, the company serves a diverse client base, including domestic and international energy producers.
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