Gulf Island Announces Sale of Excess Property
Gulf Island Fabrication, Inc. (GIFI)
US:NASDAQ Investor Relations:
ir.gulfisland.com
Company Research
Source: GlobeNewswire
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 utilization and the sale of this property at our Houma facility is consistent with this objective,” said Richard Heo, Gulf Island’s President and Chief Executive Officer. “The sale of this under-utilized property has no impact on our existing Fabrication operations and in no way limits our ability to pursue future growth opportunities, including a large fabrication project. We think this is an attractive transaction for shareholders, as it monetizes an unnecessary asset and provides us additional f
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GIFI
News
- Gulf Island to Participate in the Sidoti Micro-Cap Virtual ConferenceGlobeNewswire
- Gulf Island Announces First Quarter 2024 Results Conference Call DateGlobeNewswire
- Gulf Island Fabrication, Inc. (NASDAQ: GIFI) is now covered by analysts at StockNews.com. They set a "hold" rating on the stock.MarketBeat
- Institutional investors control 54% of Gulf Island Fabrication, Inc. (NASDAQ:GIFI) and were rewarded last week after stock increased 30% [Yahoo! Finance]Yahoo! Finance
- Gulf Island Fabrication, Inc. (NASDAQ: GIFI) was upgraded by analysts at Johnson Rice from a "hold" rating to an "accumulate" rating.MarketBeat
GIFI
Sec Filings
- 5/2/24 - Form 4
- 5/2/24 - Form 4
- 5/2/24 - Form 4
- GIFI's page on the SEC website