Gulf Island Fabrication Inc Reports Strong Fourth Quarter Amidst Full Year Challenges [Yahoo! Finance]
Gulf Island Fabrication, Inc. (GIFI)
US:NASDAQ Investor Relations:
ir.gulfisland.com
Company Research
Source: Yahoo! Finance
Net Income : Q4 consolidated net income surged to $7.1 million, contrasting with a full year net loss of $24.4 million. Adjusted EBITDA : Q4 saw a rise to $6.6 million, and a substantial full year increase to $17.0 million. Cash Position : Strong liquidity with a cash and short-term investments balance of $47.9 million at year-end. Strategic Focus : Successful wind down of Shipyard Division and resolution of MPSV Litigation, shifting focus to services and fabrication businesses. 2024 Outlook : Projected Services EBITDA of approximately $14 million and Fabrication EBITDA of approximately $8 million, excluding large project awards. Warning! GuruFocus has detected 6 Warning Signs with GIFI. Gulf Island Fabrication Inc ( NASDAQ:GIFI ) announced its fourth quarter and full year 2023 results on March 7, 2024, revealing a strong finish to a year marked by strategic transitions. The company's 8-K filing details a Q4 consolidated revenue of $44.6 million, a significant increase fr
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GIFI
News
- 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
- Gulf Island Reports Fourth Quarter and Full Year 2023 ResultsGlobeNewswire
- Gulf Island Fabrication, Inc. (NASDAQ: GIFI) is now covered by analysts at StockNews.com. They set a "hold" rating on the stock.MarketBeat
GIFI
Sec Filings
- 4/11/24 - Form ARS
- 4/11/24 - Form DEF
- 4/3/24 - Form 4
- GIFI's page on the SEC website