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.
Gulf Island Fabrication, Inc. (NASDAQ: GIFI) announced it will report its third quarter 2022 results after market close on November 8, 2022. A conference call is scheduled for the same day at 4:00 PM CT to discuss financial results. The call will be accessible via webcast on Gulf Island's website and by phone. Gulf Island specializes in steel fabrication and service for the industrial and energy sectors. Its primary operations are based in Houma, Louisiana, serving clients across various sectors including energy and petrochemicals.
Gulf Island Fabrication, Inc. (NASDAQ: GIFI) has secured a significant fabrication contract for an offshore project in the Gulf of Mexico. The contract's estimated value will be added to the Company's consolidated new awards and backlog in its third-quarter financial results for 2022. Gulf Island specializes in complex steel structures and offers a range of services to the industrial and energy sectors, catering to both U.S. and international clients.
Gulf Island Fabrication, Inc. (NASDAQ: GIFI), a prominent steel fabricator, announced participation in the Sidoti Micro-Cap Virtual Conference on August 17, 2022. CEO Richard Heo and CFO Westley Stockton will meet with registered investors during the event. Gulf Island specializes in complex steel structures and offers services such as project management, maintenance, and civil construction mainly for the energy sector. Its customer base includes U.S.-based energy producers and EPC companies, with headquarters in Houston, Texas, and significant operations in Houma, Louisiana.
Gulf Island Fabrication reported a 47.9% year-over-year revenue increase to $35.9 million for Q2 2022, with income from continuing operations of $0.5 million, aided by $3.4 million from insurance recoveries. The Services Division saw substantial growth, with revenues over $22 million, supported by the DSS Acquisition. While the Fabrication segment's revenue decreased slightly, project awards rose by 20%. The company's cash balance stood at $40.8 million with no bank debt. Management highlighted strong future prospects in LNG projects and service demand in the Gulf Coast region.
Gulf Island Fabrication (NASDAQ: GIFI) will report its Q2 2022 results on August 9, 2022, after market close. A conference call is scheduled for the same day at 4:00 p.m. CT to discuss the financial results. The call will be accessible via webcast or by phone at 1.888.394.8218. Gulf Island specializes in fabricating complex steel structures and providing specialty services for the industrial and energy sectors, serving both U.S. and international markets.
Gulf Island Fabrication, Inc. (GIFI) reported a 20.6% revenue increase to $28.7 million for Q1 2022 compared to Q1 2021. However, the company faced a net loss of $5.0 million, up from a $2.4 million loss year-over-year. The Services Division experienced substantial growth, with revenue rising to $20.7 million, aided by the DSS Acquisition. Conversely, the Fabrication Segment saw a revenue decrease of $6.1 million, resulting in an operating loss of $2.9 million. Gulf Island ended Q1 2022 with a cash balance of $42.8 million and no debt, positioning for future growth.
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