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. operated as a steel fabricator and specialty-services provider for industrial, energy and government customers. Company updates centered on complex steel structures and modules, automation systems, engineering, project management, commissioning, repair, maintenance, coatings, scaffolding, cleaning and environmental services, with customers that included energy producers, refining, petrochemical, LNG, industrial and power operators, EPC companies and government entities.
Recurring developments for GIFI included operating results, new awards and backlog, fixed-price fabrication and government-services contracts, capital-allocation activity and completed corporate-status changes. The company completed the acquisition of certain ENGlobal automation, engineering and government-services assets in 2025 and later became an indirect wholly owned subsidiary of IES Holdings following a completed merger.
Gulf Island Fabrication reported a net loss of $12.3 million and an EBITDA loss of $10.1 million for Q3 2020, reflecting the impacts of the COVID-19 pandemic and hurricane activity. Revenue decreased to $54.9 million, down from $75.8 million year-over-year. The Fabrication & Services Division experienced significant revenue drops due to completed projects, while the Shipyard Division faced challenges from project-related charges. The company's backlog stood at $429.1 million as of September 30, 2020.
Gulf Island Fabrication, Inc. (NASDAQ: GIFI) will release its third quarter 2020 financial results after the market closes on November 2, 2020. Management will host a conference call at 4:00 p.m. CT to discuss these results. The call can be accessed via webcast on the Company’s website or by calling 1.800.430.8332. Gulf Island specializes in fabricating complex steel structures and providing project management services to various sectors including energy and marine operations. Their headquarters is in Houston, Texas, with additional facilities in Louisiana.
Gulf Island Fabrication (NASDAQ: GIFI) announced it will report its second quarter 2020 financial results on August 4, 2020, post-market closure. Management will hold a conference call at 4 p.m. CT the same day to discuss the results. Participants can join the call via webcast or by phone at 1.866.248.8441. A replay will be available for seven days following the call. Gulf Island specializes in fabricating complex steel structures and providing various services to energy producers, refining and petrochemical sectors, and government agencies.