Gulf Island Fabrication

Gulf Island Fabrication, Inc. engages in the manufacture of steel structures, modules, and marine vessels. The firm operates through the following segments: Shipyard, Fabrication & Services and Corporate. The Shipyard segment engages in the design, construction and repair of marine vessels and also provides repair and maintenance services and fabricates newbuild marine vessels, including OSVs, MPSVs, research vessels, tugboats, salvage vessels, towboats, barges and drydocks, anchor handling vessels and lift boats. The Fabrication & Services segment engages in the fabrication of complex steel structures for offshore production and offshore wind developments as well as onshore refining, petrochemical, LNG and industrial facilities and also provides maintenance and other services in onshore facilities and on offshore platforms and performs municipal and civil works projects. The Corporate segment represents expenses that do not directly relate to the operating segments. The company was founded by Alden J. Laborde in 1985 and is headquartered in The Woodlands, TX.

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Gulf Island Fabrication (GIFI) reports strong Q4 results and outlines growth strategy for 2023

Gulf Island Fabrication (GIFI) delivered robust Q4 2022 results driven by revenue growth in Services and Fabrication divisions, despite challenges in the Shipyard segment. Strategic focus on growth areas and a healthy liquidity position position the company well for future opportunities and operational improvements.

Gulf Island Fabrication reports revenue growth in Q1 2023

Gulf Island Fabrication (GIFI) showed revenue growth in Q1 2023, driven by Services and Fabrication Divisions.
Steady growth in Services Division and improved operating income are positive signs for the company.
Challenges include the suspension of a large fabrication project and losses in the Shipyard Division.
Opportunities lie in potential project replacements, energy transition markets, and completing ferry projects.

Gulf Island Fabrication reports solid Q2 performance amidst challenges

Gulf Island Fabrication delivered a strong performance in Q2 2023, with solid growth in Services and optimism for future opportunities.
Despite challenges in the Shipyard division and a project cancellation in Fabrication, the company remains focused on strategic growth initiatives.
With a healthy cash balance and a proactive approach to mitigating challenges, Gulf Island Fabrication is well-positioned for future success.

Gulf Island Fabrication (GIFI) reports solid Q3 performance and eyes growth opportunities

Gulf Island Fabrication (GIFI) showed resilience and solid performance in Q3 2023, with a focus on profitable growth and operational strengths in Services and small-scale fabrication business.
Despite challenges from litigation-related charges and revenue impacts, the company remains financially stable with a healthy cash balance and strategic focus on market opportunities.
Opportunities in the offshore wind industry and the company's ability to navigate challenges while maintaining growth momentum position Gulf Island Fabrication for future success and expansion.
Strong financial management, operational resilience, and a strategic outlook underscore Gulf Island Fabrication's ability to weather challenges and capitalize on opportunities for sustainable growth.

Gulf Island Fabrication posts strong Q4 results, eyes growth opportunities

GIFI delivered robust financial performance in Q4 2023, driven by revenue growth and operational improvements.
Strong liquidity position and strategic outlook for 2024 indicate resilience and proactive planning.
Challenges lie in managing costs, balancing divisional performance, and optimizing capital allocation.
Opportunities exist in expanding services, pursuing acquisitions, and enhancing operational efficiency for sustained growth.

Gulf Island Fabrication reports mixed Q1 performance, eyes growth opportunities

Gulf Island Fabrication (GIFI) navigated mixed performance in Q1 2024 with revenue variations.
Management's focus on new end markets and strategic initiatives signals growth potential.
Strong liquidity and reiterated guidance position the company well for future endeavors.
Challenges in revenue segments and operational obligations require strategic attention.

Gulf Island Fabrication reports stable Q2 results amid divisional dynamics

Gulf Island Fabrication (GIFI) delivered stable Q2 results with revenue growth in the Fabrication division.
Challenges in the Services division led to revised EBITDA guidance for the year.
Strategic initiatives like the CES business line launch and focus on decommissioning opportunities show growth potential.
Strong liquidity position and consistent capital spending plans reflect financial stability and flexibility.

Gulf Island Fabrication reports solid Q3 performance amidst sector challenges

Gulf Island Fabrication (GIFI) showed resilience with revenue growth in Fabrication despite challenges in the Services division.
Strategic diversification efforts and strong cash position position the company well for future growth and market adaptability.
While facing short-term challenges, GIFI's focus on non-oil and gas markets and financial stability offer long-term strategic advantages.

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Gulf Island Fabrication, Inc. engages in the business of fabricating complex steel structures and modules and the provision of specialty services. It operates through the following segments: Services, Fabrication, Shipyard, and Corporate. The Services segment provides maintenance, repair, construction, scaffolding, coatings, and welding enclosures on offshore platforms and inland structures and at industrial facilities. The Fabrication segment fabricates modules, skids, and piping systems for onshore refining, petrochemical, liquefied natural gas, and industrial and offshore facilities. The Shipyard segment includes divested shipyard contracts and facility. The Corporate segment focuses on the costs of maintaining corporate office, executive management salaries and incentives, board of directors' fees, certain insurance costs, and costs associated with overall corporate governance and reporting requirements. The company was founded by Alden J. Laborde in 1985 and is headquartered in The Woodlands, TX.

HOUSTON, March 08, 2022 (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, will report fourth quarter 2021 results after the market close on Tuesday, March 22, 2022.

Gulf Island Announces Fourth Quarter 2021 Results Conference Call Date

HOUSTON, March 07, 2022 (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 its Chairman of the Board of Directors (the “Board”), Michael A. Flick, will retire effective upon the expiration of his current director term in connection with the Company's 2022 annual meeting of shareholders (the “2022 annual meeting”). With Mr. Flick's retirement in connection with the 2022 annual meeting, the Board will be reduced to six members.

Gulf Island Announces Planned Retirement of Chairman and Further Reduction in Board Size

HOUSTON, Dec. 01, 2021 (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 the acquisition of the services and industrial staffing businesses (collectively, “DSS”) of Dynamic Industries, Inc.

Gulf Island Announces Acquisition to Expand Services Business

Gulf Island Fabrication's (GIFI) CEO Richard Heo on Q3 2021 Results - Earnings Call Transcript

HOUSTON, Nov. 09, 2021 (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 third quarter 2021.

Gulf Island Reports Third Quarter 2021 Results

HOUSTON, Oct. 26, 2021 (GLOBE NEWSWIRE) -- Gulf Island Fabrication, Inc. (“Gulf Island” or the “Company”) (NASDAQ: GIFI) will report third quarter 2021 results after the market close on Tuesday, November 9, 2021.

Gulf Island Announces Date for Third Quarter 2021 Results and Conference Call

HOUSTON, Sept. 28, 2021 (GLOBE NEWSWIRE) -- Gulf Island Fabrication, Inc. (“Gulf Island” or the “Company”) (NASDAQ: GIFI) today provided an update on the status of operations at its Houma, Louisiana facilities.

Gulf Island Recommences Operations Following Hurricane Ida

HOUSTON, Sept. 03, 2021 (GLOBE NEWSWIRE) -- Gulf Island Fabrication, Inc. (“Gulf Island” or the “Company”) (NASDAQ: GIFI) today provided an update on the status of operations at its Houma, Louisiana facilities.

Gulf Island Provides Operational Update Following Hurricane Ida

Gulf Island Fabrication, Inc. (GIFI) CEO Richard Heo on Q2 2021 Results - Earnings Call Transcript

Shares of Gulf Island Fabrication (NASDAQ:GIFI) moved higher in after-market trading after the company reported Q2 results. Quarterly Results Earnings per share rose 69.44% year over year to ($0.11), which beat the estimate of ($0.23).

Gulf Island Fabrication: Q2 Earnings Insights

HOUSTON, Aug. 10, 2021 (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 second quarter 2021.

Gulf Island Reports Second Quarter 2021 Results

HOUSTON, July 27, 2021 (GLOBE NEWSWIRE) -- Gulf Island Fabrication, Inc. (“Gulf Island” or the “Company”) (NASDAQ: GIFI) will report second quarter 2021 results after the market close on Tuesday, August 10, 2021.

Gulf Island Announces Date for Second Quarter 2021 Results and Conference Call

Gulf Island Fabrication, Inc. (GIFI) CEO Richard Heo on Q1 2021 Results - Earnings Call Transcript

HOUSTON, May 11, 2021 (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 first quarter 2021.

Gulf Island Reports First Quarter 2021 Results

HOUSTON, April 27, 2021 (GLOBE NEWSWIRE) -- Gulf Island Fabrication, Inc. (“Gulf Island” or the “Company”) (NASDAQ: GIFI) will report first quarter 2021 results after the market close on Tuesday, May 11, 2021.

Gulf Island Announces Date for First Quarter 2021 Results and Conference Call

Gulf Island Fabrication has sold the majority of its shipyard division.

Gulf Island Fabrication: The Turnaround Continues

HOUSTON, April 19, 2021 (GLOBE NEWSWIRE) -- Gulf Island Fabrication, Inc. ("Gulf Island" or the "Company") (NASDAQ: GIFI) today announced it has sold the assets and certain long-term vessel construction contracts of the Shipyard Division to Bollinger Shipyards, L.L.C. (“Bollinger Shipyards”) for approximately $28.6 million. Net cash proceeds resulting from the transaction are anticipated to be approximately $15 million after payment of retained working capital liabilities associated with the divested construction contracts and transaction costs and adjustments to account for changes in working capital from December 31, 2020 through the closing date. The net cash proceeds are expected to be used to fund net working capital liabilities associated with retained construction contracts and other Shipyard Division liabilities and the wind down of the Shipyard Division operations.

Gulf Island Announces Sale of Shipyard Division Assets and Long-Term Contracts

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Gulf Island Fabrication, Inc. (GIFI) CEO Richard Heo on Q4 2020 Results - Earnings Call Transcript

Fourth Quarter 2020 Highlights and Recent Developments

Gulf Island Reports Fourth Quarter 2020 Results

HOUSTON, March 15, 2021 (GLOBE NEWSWIRE) -- Gulf Island Fabrication, Inc. (“Gulf Island” or the “Company”) (NASDAQ: GIFI) will report fourth quarter 2020 results after the market close on Monday, March 29, 2021.

Gulf Island Announces Date for Fourth Quarter 2020 Results and Conference Call

Gulf Island Fabrication, Inc. (GIFI) CEO Richard Heo on Q3 2020 Results - Earnings Call Transcript

HOUSTON, Oct. 19, 2020 (GLOBE NEWSWIRE) -- Gulf Island Fabrication, Inc. (“Gulf Island” or the “Company”) (NASDAQ: GIFI) will report third quarter 2020 results after the market close on Monday, November 2, 2020.

Gulf Island Announces Date for Third Quarter 2020 Results and Conference Call

Gulf Island Fabrication, Inc. (GIFI) CEO Richard Heo on Q2 2020 Results - Earnings Call Transcript

News for Gulf Island Fabrication Stock (GIFI)