MARKET COMPOSITE
GIFI - Gulf Island Fabrication, Inc.8:30:00 PM 3/27/2024
Price
$7.45
-0.27 (-3.50%)
Gulf Island Fabrication is an American manufacturer of specialized structures and marine vessels used in the energy sector. The company builds offshore oil and gas platforms, ships and also foundations for offshore wind turbines. It also provides maintenance and marine repair services in-shop and out in the field. The company has built some of the largest offshore platforms in the world. The company's headquarters are located in Houston, Texas and its seven building yards are in Louisiana and Texas. Gulf Island Fabrication and Bechtel are partners. The company was founded by Alden “Doc” Laborde, a World War II Navy commander who later worked the offshore oil and gas industry. In 1985, the company took over a bankrupt rival named Delta Fabrication. The company became publicly listed in 1997. The company offered 2,000,000 shares at $15 per share. With a total offer amount of $30 million. The company had diversified revenue to build ships and expanded by taking over LeeVac Shipyards in the beginning of 2016. The acquisition provided about $112 million incremental contract backlog during the industry downturn.
Financials
Quarterly financials
(USD)Sep 2022Q/Q
Revenue39.6MM+10%
Gross Profit4.2MM-
Cost Of Revenue35.4MM+3%
Operating Income654K+23%
Operating Expenses3.6MM-
Net Income598K+13%
G&A4.5MM+4%
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Stock news

    Key Insights Given the large stake in the stock by institutions, Gulf Island Fabrication's stock price might be...

    Gulf Island Fabrication, Inc. (NASDAQ:GIFI) Q4 2023 Earnings Call Transcript March 7, 2024 Gulf Island Fabrication, Inc. beats earnings expectations. Reported EPS is $0.43, expectations were $-0.02. GIFI isn’t one of the 30 most popular stocks among hedge funds at the end of the third quarter (see the details here). Operator: Good afternoon, ladies and […]

    Significant Turnaround in Q4 Earnings as Full Year Reflects Strategic Shifts

    Q4 2023 Gulf Island Fabrication Inc Earnings Call

    THE WOODLANDS, Texas, March 07, 2024 (GLOBE NEWSWIRE) -- Gulf Island Fabrication, Inc. (NASDAQ: GIFI) (“Gulf Island” or the “Company”), a leading steel fabricator and service provider to the industrial and energy sectors, today announced results for the fourth quarter and full year 2023. FOURTH QUARTER 2023 SUMMARY Consolidated revenue of $44.6 millionConsolidated net income of $7.1 million; Adjusted EBITDA of $6.6 millionServices Division operating income of $2.7 million; EBITDA of $3.2 million

    THE WOODLANDS, Texas, Feb. 29, 2024 (GLOBE NEWSWIRE) -- Gulf Island Fabrication, Inc. (“Gulf Island” or the “Company”) (NASDAQ: GIFI), a leading steel fabricator and service provider to the industrial and energy sectors, today announced that it will report financial results for the fourth quarter and full year 2023 after the market close on Thursday, March 7, 2024. Gulf Island management will hold a conference call on Thursday, March 7, 2024, at 4:00 p.m. Central Time (5:00 p.m. Eastern Time) to

    THE WOODLANDS, Texas, Feb. 27, 2024 (GLOBE NEWSWIRE) -- Gulf Island Fabrication, Inc. (NASDAQ: GIFI) (the “Company”), a leading steel fabricator and service provider to the industrial and energy sectors, announced today that it has completed the sale of certain excess property that was part of the Company’s facilities located in Houma, Louisiana for net cash proceeds of approximately $8.5 million. “A key aspect of our strategic transformation has been to improve our resource and facility utiliza

    In this article, we will take a detailed look at the 15 Cash-Rich Penny Stocks Hedge Funds Are Buying. For a quick overview of such stocks, read our article 5 Cash-Rich Penny Stocks Hedge Funds Are Buying. Risky asset classes got punished after the Federal Reserve started to raise interest rates to tackle inflation. But amid the talk of […]

    While it may not be enough for some shareholders, we think it is good to see the Gulf Island Fabrication, Inc...

    THE WOODLANDS, Texas, Dec. 04, 2023 (GLOBE NEWSWIRE) -- Gulf Island Fabrication, Inc. (NASDAQ: GIFI) (the “Company”), a leading steel fabricator and service provider to the industrial and energy sectors, today announced that its Board of Directors (“Board”) has approved a share repurchase program authorizing the repurchase of up to $5.0 million of the Company’s outstanding common stock, effective from December 15, 2023 through December 15, 2024. “Gulf Island is committed to a balanced capital al