Gulf Island Fabrication, Inc., together with its subsidiaries, operates as a fabricator of steel structures, modules, and marine vessels in the United States. It operates through two segments, Shipyard, and Fabrication & Services. The Shipyard segment fabricates new-build marine vessels, such as offshore support and multi-purpose service vessels, research and salvage vessels, tugboats, towboats, barges, drydocks, anchor handling vessels, and lift boats. It also provides steel repair, blasting and painting, electrical systems repair, and machinery and piping system repairs; and propeller, shaft, and rudder reconditioning services, as well as performs conversion projects to lengthen and modify vessels to permit their use for various type of activities. The Fabrication & Services segment fabricates modules, skids, and piping systems for onshore refining, petrochemical, liquified natural gas, and industrial facilities; foundations, secondary steel components, and support structures for alternative energy developments and coastal mooring facilities; offshore production platforms and associated structures; and other complex steel structures and components. This segment also provides welding, interconnect piping, and other services for offshore platforms; on-site construction and maintenance services on inland platforms and structures and industrial facilities; and performs municipal and drainage projects, such as pump stations, levee reinforcement, bulkheads, and other public works. The company serves international energy producers; refining, petrochemical, liquefied natural gas, industrial, power, and marine operators; engineering, procurement, and construction companies; and various agencies of the U.S. government. The company was founded in 1985 and is headquartered in Houston, Texas.
IPO Year: 1997
Exchange: NASDAQ
Website: gulfisland.com
| Date | Price Target | Rating | Analyst |
|---|---|---|---|
| 3/8/2024 | Hold → Accumulate | Johnson Rice |
Johnson Rice upgraded Gulf Island Fab from Hold to Accumulate
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THE WOODLANDS, Texas, Nov. 06, 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 that members of its executive management team will participate in the Sidoti Micro-Cap Virtual Conference on Thursday, November 14, 2024. In conjunction with the event, Gulf Island's Chief Executive Officer, Richard Heo, and Chief Financial Officer, Westley Stockton, will be available to participate in one-on-one meetings with investors registered to attend the conference. For more information, please contact your Sidoti salesperson. ABOUT GULF ISLAND Gul
THE WOODLANDS, Texas, Nov. 05, 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 third quarter 2024. THIRD QUARTER 2024 SUMMARY Consolidated revenue of $37.6 million; Adjusted consolidated revenue of $37.2 millionConsolidated net income of $2.3 million; Adjusted EBITDA of $2.9 millionServices division operating income of $1.4 million; EBITDA of $1.9 millionFabrication division operating income of $2.0 million; EBITDA of $2.7 millionCash and short-term investments balance of $66.8 million at September 30, 2024 Co
THE WOODLANDS, Texas, Oct. 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 third quarter 2024 after the market close on Tuesday, November 5, 2024. Gulf Island management will hold a conference call on Tuesday, November 5, 2024, at 4:00 p.m. Central Time (5:00 p.m. Eastern Time) to discuss the Company's financial results. The call will be available by webcast and can be accessed on Gulf Island's website at http://www.gulfisland.com. Participants may also join the call by calling 1.877.
THE WOODLANDS, Texas, Aug. 06, 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 second quarter 2024. SECOND QUARTER 2024 SUMMARY Consolidated revenue of $41.3 millionConsolidated net income of $1.9 million; EBITDA of $2.5 millionServices division operating income of $2.2 million; EBITDA of $2.7 millionFabrication division operating income of $1.1 million; EBITDA of $1.8 millionCash and short-term investments balance of $63.1 million at June 30, 2024Revising full-year 2024 financial guidance Consolidated revenue for t
THE WOODLANDS, Texas, July 30, 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 second quarter 2024 after the market close on Tuesday, August 6, 2024. Gulf Island management will hold a conference call on Tuesday, August 6, 2024, at 4:00 p.m. Central Time (5:00 p.m. Eastern Time) to discuss the Company's financial results. The call will be available by webcast and can be accessed on Gulf Island's website at http://www.gulfisland.com. Participants may also join the call by calling 1.877.704
THE WOODLANDS, Texas, June 18, 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 that members of its executive management team will participate in the Northland Growth Conference, taking place virtually on Tuesday, June 25, 2024. In conjunction with the event, Gulf Island's Chief Executive Officer, Richard Heo, and Chief Financial Officer, Westley Stockton, will be available to participate in one-on-one meetings with investors registered to attend the conference. For more information, please contact your Northland salesperson. ABOUT GU
THE WOODLANDS, Texas, May 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 first quarter 2024. FIRST QUARTER 2024 SUMMARY Consolidated revenue of $42.9 millionConsolidated net income of $6.2 million; Adjusted EBITDA of $3.7 millionServices Division operating income of $2.9 million; EBITDA of $3.3 millionFabrication Division operating income of $4.7 million; Adjusted EBITDA of $2.5 millionCash and short-term investments balance of $61.3 million at March 31, 2024Reiterated full-year 2024 financial guidance Consolid
THE WOODLANDS, Texas, May 01, 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 that members of its executive management team will participate in the Sidoti Micro-Cap Virtual Conference on Thursday, May 9, 2024. In conjunction with the event, Gulf Island's Chief Executive Officer, Richard Heo, and Chief Financial Officer, Westley Stockton, will be available to participate in one-on-one meetings with investors registered to attend the conference. For more information, please contact your Sidoti salesperson. ABOUT GULF ISLAND Gulf Islan
THE WOODLANDS, Texas, April 30, 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 first quarter 2024 after the market close on Tuesday, May 7, 2024. Gulf Island management will hold a conference call on Tuesday, May 7, 2024, at 4:00 p.m. Central Time (5:00 p.m. Eastern Time) to discuss the Company's financial results. The call will be available by webcast and can be accessed on Gulf Island's website at http://www.gulfisland.com. Participants may also join the call by calling 1.877.704.4453
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 millionFabrication Division operating income of $6.1 million; Adjusted EBITDA of $5.4 millionCash and short-term investments balance of $47.9 million at December 31, 2023Substantially completed remaining
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THE WOODLANDS, Texas, Nov. 05, 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 third quarter 2024. THIRD QUARTER 2024 SUMMARY Consolidated revenue of $37.6 million; Adjusted consolidated revenue of $37.2 millionConsolidated net income of $2.3 million; Adjusted EBITDA of $2.9 millionServices division operating income of $1.4 million; EBITDA of $1.9 millionFabrication division operating income of $2.0 million; EBITDA of $2.7 millionCash and short-term investments balance of $66.8 million at September 30, 2024 Co
THE WOODLANDS, Texas, Oct. 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 third quarter 2024 after the market close on Tuesday, November 5, 2024. Gulf Island management will hold a conference call on Tuesday, November 5, 2024, at 4:00 p.m. Central Time (5:00 p.m. Eastern Time) to discuss the Company's financial results. The call will be available by webcast and can be accessed on Gulf Island's website at http://www.gulfisland.com. Participants may also join the call by calling 1.877.
THE WOODLANDS, Texas, Aug. 06, 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 second quarter 2024. SECOND QUARTER 2024 SUMMARY Consolidated revenue of $41.3 millionConsolidated net income of $1.9 million; EBITDA of $2.5 millionServices division operating income of $2.2 million; EBITDA of $2.7 millionFabrication division operating income of $1.1 million; EBITDA of $1.8 millionCash and short-term investments balance of $63.1 million at June 30, 2024Revising full-year 2024 financial guidance Consolidated revenue for t
THE WOODLANDS, Texas, July 30, 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 second quarter 2024 after the market close on Tuesday, August 6, 2024. Gulf Island management will hold a conference call on Tuesday, August 6, 2024, at 4:00 p.m. Central Time (5:00 p.m. Eastern Time) to discuss the Company's financial results. The call will be available by webcast and can be accessed on Gulf Island's website at http://www.gulfisland.com. Participants may also join the call by calling 1.877.704
THE WOODLANDS, Texas, May 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 first quarter 2024. FIRST QUARTER 2024 SUMMARY Consolidated revenue of $42.9 millionConsolidated net income of $6.2 million; Adjusted EBITDA of $3.7 millionServices Division operating income of $2.9 million; EBITDA of $3.3 millionFabrication Division operating income of $4.7 million; Adjusted EBITDA of $2.5 millionCash and short-term investments balance of $61.3 million at March 31, 2024Reiterated full-year 2024 financial guidance Consolid
THE WOODLANDS, Texas, April 30, 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 first quarter 2024 after the market close on Tuesday, May 7, 2024. Gulf Island management will hold a conference call on Tuesday, May 7, 2024, at 4:00 p.m. Central Time (5:00 p.m. Eastern Time) to discuss the Company's financial results. The call will be available by webcast and can be accessed on Gulf Island's website at http://www.gulfisland.com. Participants may also join the call by calling 1.877.704.4453
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 millionFabrication Division operating income of $6.1 million; Adjusted EBITDA of $5.4 millionCash and short-term investments balance of $47.9 million at December 31, 2023Substantially completed remaining
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 discuss the Company's financial results. The call will be available by webcast and can be accessed on Gulf Island's website at http://www.gulfisland.com. Participants may also join the call by cal
THE WOODLANDS, Texas, Nov. 07, 2023 (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 2023. THIRD QUARTER 2023 SUMMARY Resolves Shipyard Division's MPSV LitigationRevenue of $5.0 million; Adjusted revenue of $37.7 million (excluding Shipyard Division negative revenue of $32.7 million)Consolidated net loss of $33.2 million; Adjusted EBITDA of $2.6 million (excluding a loss for the Shipyard Division of $35.1 million and a net gain from insurance recoveries of $0.3 million)Services Division operating income of $2
THE WOODLANDS, Texas, Oct. 30, 2023 (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 third quarter 2023 after the market close on Tuesday, November 7, 2023. Gulf Island management will hold a conference call on Tuesday, November 7, 2023, at 4:00 p.m. Central Time (5:00 p.m. Eastern Time) to discuss the Company's financial results. The call will be available by webcast and can be accessed on Gulf Island's website at http://www.gulfisland.com. Participants may also join the call by calling 1.877.
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Gulf Island Fabrication (NASDAQ:GIFI) reported quarterly earnings of $0.37 per share. The company reported quarterly sales of $42.881 million which missed the analyst consensus estimate of $43.000 million by 0.28 percent. This is a 31.02 percent decrease over sales of $62.168 million the same period last year.
As of March 12, 2024, five stocks in the energy sector could be flashing a real warning to investors who value momentum as a key criteria in their trading decisions. The RSI is a momentum indicator, which compares a stock's strength on days when prices go up to its strength on days when prices go down. When compared to a stock's price action, it can give traders a better sense of how a stock may perform in the short term. An asset is typically considered overbought when the RSI is above 70, according to Benzinga Pro. Here’s the latest list of major overbought players in this sector. Gulf Island Fabrication, Inc. (NASDAQ:GIFI) On March 7, Gulf Island Fabrication reported a year-over-
Johnson Rice analyst Martin Malloy upgrades Gulf Island Fabrication (NASDAQ:GIFI) from Hold to Accumulate.
Shares of Marvell Technology, Inc. (NASDAQ:MRVL) fell sharply during Friday’s session after the company reported fourth-quarter financial results and issued weak Q1 guidance. Marvell said fourth-quarter revenue increased 1% year-over-year to $1.427 billion, which beat the consensus estimate of $1.42 billion. The chip designer reported quarterly earnings of 46 cents per share, which was in line with analyst estimates. Marvell sees first-quarter revenue of $1.15 billion, plus or minus 5%, versus estimates of $1.371 billion. The company sees first-quarter adjusted earnings of 23 cents per share, plus or minus 5 cents per share, versus estimates of 40 cents per share. The company authorized a
U.S. stocks traded mixed midway through trading, with the Dow Jones index gaining around 80 points on Friday. The Dow traded up 0.21% to 38,874.05 while the NASDAQ fell 0.42% to 16,204.26. The S&P 500 also fell, dropping, 0.13% to 5,150.72. Check This Out: Wall Street's Most Accurate Analysts' Views On 3 Risk Off Stocks With Over 5% Dividend Yields Leading and Lagging Sectors Real estate shares jumped by 1.1% on Friday. In trading on Friday, consumer staples shares fell by 0.8%. Top Headline Nonfarm payrolls beat economist estimates, coming at 275,000 in February compared to the expected 200,000. The unemployment rate rose from 3.7% to 3.9%, surprising estimates of 3.7%.
U.S. stocks were higher, with the Dow Jones index gaining more than 100 points on Friday. Shares of Smith & Wesson Brands, Inc. (NASDAQ:SWBI) rose sharply during Friday’s session after the company reported better-than-expected third-quarter financial results. The company recorded sales growth of 6.5% year-on-year to $137.5 million, beating the analyst consensus estimate of $133.55 million. Adjusted EPS of $0.19 beat the consensus estimate of $0.10. Smith & Wesson Brands shares surged 25.8% to $16.91 on Friday. Here are some other big stocks recording gains in today’s session. Willdan Group, Inc. (NASDAQ:WLDN) jumped 30.4% to $25.89 after the company reported better-than-expected four
Shares of Porch Group, Inc. (NASDAQ:PRCH) rose sharply in pre-market trading after the company reported better-than-expected fourth-quarter financial results and issued FY24 guidance. Porch Group posted GAAP loss of 3 cents per share, versus market estimates for a loss of 21 cents per share. The company’s quarterly sales came in at $114.612 million, beating expectations of $99.328 million, according to data from Benzinga Pro. Porch Group shares jumped 20.5% to $3.75 in pre-market trading Here are some other stocks moving in pre-market trading. Gainers Ainos, Inc. (NASDAQ:AIMD) gained 211.6% to $3.49 in pre-market trading after dipping 18% on Thursday. MIRA Pharmaceuticals, Inc. (NAS