Welcome to our dedicated page for Gulf Island Fabrication news (Ticker: GIFI), a resource for investors and traders seeking the latest updates and insights on Gulf Island Fabrication stock.
Gulf Island Fabrication Inc (NASDAQ: GIFI) is a diversified, publicly traded corporation renowned for its excellence in the fabrication, maintenance, and servicing of structures, facilities, and vessels within the energy sector and beyond. With several strategic locations along the Gulf Coast, the company has established itself as a global leader, delivering quality and safety on time and on budget. Gulf Island Fabrication boasts a team of skilled craftsmen who have constructed many pioneering and record-breaking steel structures worldwide.
The company operates through three primary segments:
- Fabrication Division: This division specializes in the construction of offshore drilling and production platforms, along with other complex steel structures for the oil and gas industries. The division is known for its ability to tackle intricate projects, ensuring they meet stringent industry standards.
- Shipyards Division: Focused on the manufacturing and repair of various steel marine vessels in the United States, this division handles everything from newly built to refurbishing tasks, ensuring vessels meet both national and international maritime regulations.
- Services Division: Providing a wide range of support services, such as interconnect piping services on offshore platforms, welding, and maintenance of inshore structures, this division ensures the long-term operability and safety of industrial facilities.
In recent developments, Gulf Island Fabrication reported its third-quarter 2023 results, showcasing solid financial performance and strategic growth despite challenging market conditions. The company continues to focus on improving operational efficiency and expanding its service offerings to meet the evolving needs of the energy and industrial sectors.
Gulf Island Fabrication Inc. is committed to delivering top-tier services and products, maintaining a reputation for reliability and innovation in the fabrication and marine construction markets.
Gulf Island Fabrication (NASDAQ: GIFI), a leading steel fabricator and service provider to industrial and energy sectors, has announced its participation in the upcoming Sidoti Micro-Cap Virtual Conference on Thursday, November 14, 2024. CEO Richard Heo and CFO Westley Stockton will be available for one-on-one meetings with registered investors during the conference. Interested parties are advised to contact their Sidoti salesperson for additional information.
Gulf Island Fabrication (NASDAQ: GIFI) reported Q3 2024 results with consolidated revenue of $37.6 million and net income of $2.3 million. The company's Adjusted EBITDA was $2.9 million. The Services division generated operating income of $1.4 million, while the Fabrication division achieved operating income of $2.0 million. The company maintained a strong financial position with $66.8 million in cash and short-term investments. Board Chair William E. Chiles announced retirement, with CEO Richard W. Heo appointed as new board chair effective November 30, 2024. The company expects full-year 2024 adjusted consolidated EBITDA to be at the lower end of the $11-13 million guidance range.
Gulf Island Fabrication (NASDAQ: GIFI) has scheduled its third quarter 2024 financial results announcement for Tuesday, November 5, 2024, after market close. The company will host a conference call at 4:00 p.m. Central Time (5:00 p.m. Eastern Time) on the same day to discuss the results. Investors can access the webcast through the company's website or join via phone by calling 1.877.704.4453. A replay will be available on the company's website for seven days following the call.
Gulf Island Fabrication (NASDAQ: GIFI) reported its Q2 2024 results with consolidated revenue of $41.3 million, up 5% year-over-year, and net income of $1.9 million. The company's Services division saw operating income of $2.2 million, while the Fabrication division reported $1.1 million. However, customer-driven project delays in the Services division led to a revision in full-year 2024 guidance.
Key financial highlights include:
- EBITDA of $2.5 million
- Cash and short-term investments of $63.1 million
- Services division EBITDA of $2.7 million
- Fabrication division EBITDA of $1.8 million
The company revised its full-year 2024 Services division EBITDA guidance to $11-13 million, down from the initial $14 million, due to project delays and investment in growth initiatives.
Gulf Island Fabrication, Inc. (NASDAQ: GIFI), a leading steel fabricator and service provider to the industrial and energy sectors, has announced its second quarter 2024 financial results conference call. The call is scheduled for Tuesday, August 6, 2024, at 4:00 p.m. Central Time (5:00 p.m. Eastern Time), following the release of financial results after market close on the same day.
Investors and interested parties can access the conference call via webcast on Gulf Island's website or by calling 1.877.704.4453 and requesting the "Gulf Island" conference call. A replay of the webcast will be available on the company's website for seven days after the call.
Gulf Island (NASDAQ: GIFI), a prominent steel fabricator and service provider for the industrial and energy sectors, announced its participation in the Northland Growth Conference. The event will be held virtually on June 25, 2024.
Key executives, including CEO Richard Heo and CFO Westley Stockton, will be available for one-on-one meetings with registered investors.
For more details, interested parties are encouraged to contact their Northland salesperson.
Gulf Island Fabrication, Inc. reported strong first quarter 2024 results with consolidated revenue of $42.9 million, net income of $6.2 million, and adjusted EBITDA of $3.7 million. The Services Division saw operating income of $2.9 million and EBITDA of $3.3 million, while the Fabrication Division reported operating income of $4.7 million and adjusted EBITDA of $2.5 million. The company ended the quarter with a cash balance of $61.3 million and reiterated its full-year 2024 financial guidance.
Gulf Island Fabrication, Inc. (NASDAQ: GIFI) will participate in the Sidoti Micro-Cap Virtual Conference on May 9, 2024. The company's executive management team, including the CEO and CFO, will engage in one-on-one meetings with investors. Contact Sidoti for more details.
Gulf Island Fabrication, Inc. announced that it will report financial results for the first quarter of 2024 on May 7, 2024. The conference call to discuss the results will be held on the same day at 4:00 p.m. Central Time.
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