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.

Earnings data Q4 2021

Earnings data Q1 2022

Earnings data Q2 2022

Earnings data Q3 2022

Earnings data Q4 2022

Earnings data Q1 2023

Earnings data Q2 2023

Earnings data Q3 2023

Earnings data Q4 2023

Earnings data Q1 2024

Earnings data Q2 2024

Earnings data Q3 2024

Earnings data Q4 2024

Earnings data Q1 2025

Earnings data Q2 2025

Earnings data Q3 2025

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.

Gulf Island Fabrication (GIFI) reports solid 2024 performance and growth outlook

Gulf Island Fabrication (GIFI) reported solid financials for 2024 with a focus on forward-looking statements and non-GAAP measures. While facing challenges like project delays and revenue decline, the company is optimistic about growth opportunities in new markets. Management's capital allocation priorities for 2025 aim to drive organic growth, acquisitions, and enhance shareholder value. Overall, Gulf Island Fabrication (GIFI) is strategically positioned to leverage strengths and address challenges for future growth and profitability.

Gulf Island Fabrication reports mixed Q1 results amidst market challenges

Gulf Island Fabrication navigated mixed performance in Q1 2025 with revenue decline offset by improved EBITDA, reflecting operational resilience. Strong financial position with over $67 million in cash and short-term investments provides stability amidst market challenges and potential losses. ENGlobal acquisition offers growth potential despite expected short-term integration difficulties, positioning the company for strategic expansion.

Gulf Island Fabrication reports Q2 revenue, eyes growth opportunities

GIFI's Q2 2025 performance showed revenue of $37.5 million and adjusted EBITDA of $1.9 million. Despite challenges in the services business, the company maintains a strong liquidity position. Opportunities lie in the ENglobal acquisition, new contracts, and growth in various markets. Balanced capital allocation and focus on transparency are key strengths for future growth.

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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.