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Stock impact report

Gulf Island Fabrication Reports Fourth Quarter Results

Gulf Island Fabrication, Inc. (GIFI) 
US:NASDAQ Investor Relations: ir.gulfisland.com
Company Research Source: GlobeNewswire
HOUSTON, Feb. 26, 2018 (GLOBE NEWSWIRE) -- Gulf Island Fabrication, Inc. (NASDAQ:GIFI) today reported a net loss of $24.3 million ($1.63 diluted loss per share) on revenue of $37.3 million for its fourth quarter ended December 31, 2017, compared to a net loss of $3.6 million ($0.24 diluted loss per share) on revenue of $55.5 million for the fourth quarter ended December 31, 2016. For the years ended December 31, 2017 and 2016, the Company reported a net loss of $44.8 million ($3.02 diluted earnings per share) on revenue of $171.0 million compared to net income of $3.5 million ($0.24 diluted earnings per share) on revenue of $286.3 million, respectively. The Company had a revenue backlog of $222.6 million and a labor backlog of approximately 1.5 million hours at December 31, 2017, including commitments received through February 26, 2018, compared to a revenue backlog of $133.0 million and a labor backlog of 1.3 million hours reported as of December 31, 2016. We expect to recognize r Show less Read more
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