공시 • Jan 19
Gulf Island Fabrication, Inc. Announces Board Appointments Gulf Island Fabrication, Inc. announced that pursuant to the merger agreement Matthew J. Simmes, the President and Chief Executive Officer of IES, and Tracy A. McLauchlin, the Senior Vice President, Chief Financial Officer and Treasurer of IES, became the directors of the Surviving Corporation and shall hold office until their respective successors are duly elected and qualified, or their resignation or removal, in each case, in accordance with the bylaws of the Surviving Corporation. No director of the Company was terminated or resigned because of any disagreement with the Company, its management or its board of directors on any matter relating to its operations, policies or practices. 공시 • Jan 17
IES Holdings, Inc. (NasdaqGM:IESC) completed the acquisition of remaining 96.5% stake of Gulf Island Fabrication, Inc. (NasdaqGS:GIFI). IES Holdings, Inc. (NasdaqGM:IESC) entered into a definitive agreement to acquire the remaining 96.5% stake of Gulf Island Fabrication, Inc. (NasdaqGS:GIFI) for approximately $190 million on November 7, 2025. Under the terms of the agreement, IES Holdings will pay $12 in cash per Gulf Island share, or an aggregate equity value of approximately $192 million. The Company is required to pay IES a termination fee of approximately $7.6 million (the “Termination Fee”) in cash upon termination of the Merger Agreement under specified circumstances
The transaction has been approved by the boards of directors of both companies and is currently expected to close in the quarter ending March 31, 2026, subject to Gulf Island shareholder approval, regulatory approvals (including clearance under the Hart-Scott-Rodino Antitrust Improvements Act) and other customary closing conditions. Certain holders of approximately 20% of Gulf Island’s outstanding shares of common stock have entered into voting agreements to support the transaction, and IES, which owns approximately 3.5% of Gulf Island’s outstanding shares of common stock, has also agreed to vote in favor of the transaction. As of January 13, 2026 Gulf Island’s shareholders approved the acquisition.
Brian P. Fenske and Thomas Verity of Fulbright & Jaworski, LLP acted as legal advisor for IES Holdings, Inc. Curtis R. Hearn, Alexandra C. Layfield, and Thomas D. Kimball of Jones Walker LLP acted as legal advisor for Gulf Island Fabrication, Inc.
IES Holdings, Inc. (NasdaqGM:IESC) completed the acquisition of remaining 96.5% stake of Gulf Island Fabrication, Inc. (NasdaqGS:GIFI) on January 16, 2026. New Risk • Nov 14
New minor risk - Earnings quality The company has large one-off items impacting its financial results. One-off items were 52% of the size of the rest of the company's trailing 12-month earnings before tax. This is considered a minor risk. One-off items are incomes or expenses that the company does not expect to repeat in future periods. Examples include profits from the sale of a business or expenses from a restructuring or legal settlements. If the company's reported statutory earnings include a large proportion of one-off items it means they may be an unreliable indicator of its true business performance as the earnings were skewed by these incomes or expenses. Currently, the following risks have been identified for the company: Minor Risks Share price has been volatile over the past 3 months (15% average weekly change). Large one-off items impacting financial results. Profit margins are more than 30% lower than last year (5.5% net profit margin). Reported Earnings • Nov 14
Third quarter 2025 earnings released: EPS: US$0.097 (vs US$0.14 in 3Q 2024) Third quarter 2025 results: EPS: US$0.097 (down from US$0.14 in 3Q 2024). Revenue: US$51.5m (up 37% from 3Q 2024). Net income: US$1.56m (down 33% from 3Q 2024). Profit margin: 3.0% (down from 6.2% in 3Q 2024). Over the last 3 years on average, earnings per share has increased by 59% per year but the company’s share price has only increased by 28% per year, which means it is significantly lagging earnings growth. 공시 • Nov 07
IES Holdings, Inc. (NasdaqGM:IESC) entered into a definitive agreement to acquire the remaining 96.5% stake of Gulf Island Fabrication, Inc. (NasdaqGS:GIFI) for approximately $190 million. IES Holdings, Inc. (NasdaqGM:IESC) entered into a definitive agreement to acquire the remaining 96.5% stake of Gulf Island Fabrication, Inc. (NasdaqGS:GIFI) for approximately $190 million on November 7, 2025. Under the terms of the agreement, IES will pay $12 in cash per Gulf Island share, or an aggregate equity value of approximately $192 million. The transaction has been approved by the boards of directors of both companies and is currently expected to close in the quarter ending March 31, 2026, subject to Gulf Island shareholder approval, regulatory approvals (including clearance under the Hart-Scott-Rodino Antitrust Improvements Act) and other customary closing conditions. Certain holders of approximately 20% of Gulf Island’s outstanding shares of common stock have entered into voting agreements to support the transaction, and IES, which owns approximately 3.5% of Gulf Island’s outstanding shares of common stock, has also agreed to vote in favor of the transaction. Reported Earnings • Aug 08
Second quarter 2025 earnings: Revenues exceed analyst expectations Second quarter 2025 results: Revenue: US$37.5m (down 9.0% from 2Q 2024). Net loss: US$574.0k (down 130% from profit in 2Q 2024). Revenue exceeded analyst estimates by 5.7%. Over the last 3 years on average, earnings per share has increased by 42% per year but the company’s share price has only increased by 22% per year, which means it is significantly lagging earnings growth. 공시 • Jul 31
Gulf Island Fabrication, Inc. to Report Q2, 2025 Results on Aug 06, 2025 Gulf Island Fabrication, Inc. announced that they will report Q2, 2025 results After-Market on Aug 06, 2025 Reported Earnings • May 08
First quarter 2025 earnings: EPS and revenues exceed analyst expectations First quarter 2025 results: EPS: US$0.23 (down from US$0.39 in 1Q 2024). Revenue: US$40.3m (down 6.1% from 1Q 2024). Net income: US$3.83m (down 39% from 1Q 2024). Profit margin: 9.5% (down from 15% in 1Q 2024). Revenue exceeded analyst estimates by 10%. Earnings per share (EPS) also surpassed analyst estimates by 188%. Over the last 3 years on average, earnings per share has increased by 37% per year but the company’s share price has only increased by 20% per year, which means it is significantly lagging earnings growth. 공시 • Apr 30
Gulf Island Fabrication, Inc. to Report Q1, 2025 Results on May 06, 2025 Gulf Island Fabrication, Inc. announced that they will report Q1, 2025 results After-Market on May 06, 2025 공시 • Apr 12
Gulf Island Fabrication, Inc., Annual General Meeting, May 15, 2025 Gulf Island Fabrication, Inc., Annual General Meeting, May 15, 2025. New Risk • Apr 06
New minor risk - Market cap size The company's market capitalization is less than US$100m. Market cap: US$98.6m This is considered a minor risk. Companies with a small market capitalization are most likely businesses that have not yet released a product to market or are simply a very small company without a wide reach. Either way, risk is elevated with these companies because there is a chance the product may not come to fruition or the company's addressable market or demand may not be as large as expected. In addition, if the company's size is the main factor, it is less likely to have many investors and analysts following it and scrutinizing its performance and outlook. Currently, the following risks have been identified for the company: Minor Risks Large one-off items impacting financial results. Market cap is less than US$100m (US$98.6m market cap). New Risk • Mar 11
New minor risk - Earnings quality The company has large one-off items impacting its financial results. One-off items were 27% of the size of the rest of the company's trailing 12-month earnings before tax. This is considered a minor risk. One-off items are incomes or expenses that the company does not expect to repeat in future periods. Examples include profits from the sale of a business or expenses from a restructuring or legal settlements. If the company's reported statutory earnings include a large proportion of one-off items it means they may be an unreliable indicator of its true business performance as the earnings were skewed by these incomes or expenses. This is currently the only risk that has been identified for the company. Reported Earnings • Mar 05
Full year 2024 earnings released: EPS: US$0.90 (vs US$1.51 loss in FY 2023) Full year 2024 results: EPS: US$0.90 (up from US$1.51 loss in FY 2023). Revenue: US$159.2m (up 5.4% from FY 2023). Net income: US$14.7m (up US$39.1m from FY 2023). Profit margin: 9.3% (up from net loss in FY 2023). The move to profitability was primarily driven by lower expenses. Over the last 3 years on average, earnings per share has increased by 16% per year whereas the company’s share price has increased by 14% per year. 공시 • Feb 26
Gulf Island Fabrication, Inc. to Report Q4, 2024 Results on Mar 04, 2025 Gulf Island Fabrication, Inc. announced that they will report Q4, 2024 results After-Market on Mar 04, 2025 Recent Insider Transactions Derivative • Nov 21
VP & Chief Human Resource Officer notifies of intention to sell stock Thomas Smouse intends to sell 46k shares in the next 90 days after lodging an Intent To Sell Form on the 20th of November. If the sale is conducted around the recent share price of US$6.93, it would amount to US$319k. Since March 2024, Thomas' direct individual holding has decreased from 75.71k shares to 69.15k. There have been no trades via on-market transactions or options from company insiders in the last 12 months. Valuation Update With 7 Day Price Move • Nov 13
Investor sentiment improves as stock rises 18% After last week's 18% share price gain to US$7.13, the stock trades at a trailing P/E ratio of 6.6x. Average forward P/E is 13x in the Energy Services industry in the US. Total returns to shareholders of 75% over the past three years. New Risk • Nov 10
New minor risk - Earnings quality The company has large one-off items impacting its financial results. One-off items were 78% of the size of the rest of the company's trailing 12-month earnings before tax. This is considered a minor risk. One-off items are incomes or expenses that the company does not expect to repeat in future periods. Examples include profits from the sale of a business or expenses from a restructuring or legal settlements. If the company's reported statutory earnings include a large proportion of one-off items it means they may be an unreliable indicator of its true business performance as the earnings were skewed by these incomes or expenses. This is currently the only risk that has been identified for the company. Reported Earnings • Nov 07
Third quarter 2024 earnings: EPS exceeds analyst expectations while revenues lag behind Third quarter 2024 results: EPS: US$0.14 (up from US$2.04 loss in 3Q 2023). Revenue: US$37.6m (up US$32.6m from 3Q 2023). Net income: US$2.32m (up US$35.6m from 3Q 2023). Profit margin: 6.2% (up from net loss in 3Q 2023). The move to profitability was primarily driven by higher revenue. Revenue missed analyst estimates by 10%. Earnings per share (EPS) exceeded analyst estimates by 7.7%. Over the last 3 years on average, earnings per share has fallen by 6% per year but the company’s share price has increased by 19% per year, which means it is well ahead of earnings. 공시 • Nov 06
Gulf Island Fabrication, Inc. Announces Board Changes Gulf Island Fabrication, Inc. announced that William E. Chiles, Gulf Island’s current board chair, has notified the Company that he will retire at the end of his current term at the 2025 annual meeting of shareholders and the board expects to reduce its size to five directors at that time. In connection with Mr. Chiles’s expected retirement, effective November 30, 2024, the board approved the appointment of Richard W. Heo, President and Chief Executive Officer to serve as chair of the board and Robert M. Averick, a current director, to serve as lead independent director. 공시 • Oct 30
Gulf Island Fabrication, Inc. to Report Q3, 2024 Results on Nov 05, 2024 Gulf Island Fabrication, Inc. announced that they will report Q3, 2024 results After-Market on Nov 05, 2024 New Risk • Aug 09
New minor risk - Shareholder dilution The company's shareholders have been diluted in the past year. Increase in shares outstanding: 2.3% This is considered a minor risk. Shareholder dilution occurs when there is an increase in the number of shares on issue that is not proportionally distributed between all shareholders. Often due to the company raising equity capital or some options being converted into stock. All else being equal, if there are more shares outstanding then each existing share will be entitled to a lower proportion of the company's total earnings, thus reducing earnings per share (EPS). While dilution might not always result in lower EPS (like if the company is using the capital to fund an EPS accretive acquisition) in a lot cases it does, along with lower dividends per share and less voting power at shareholder meetings. Currently, the following risks have been identified for the company: Minor Risks Shareholders have been diluted in the past year (2.3% increase in shares outstanding). Market cap is less than US$100m (US$89.5m market cap). Reported Earnings • Aug 07
Second quarter 2024 earnings: EPS and revenues miss analyst expectations Second quarter 2024 results: EPS: US$0.12 (up from US$0.068 in 2Q 2023). Revenue: US$41.3m (up 4.9% from 2Q 2023). Net income: US$1.89m (up 71% from 2Q 2023). Profit margin: 4.6% (up from 2.8% in 2Q 2023). The increase in margin was driven by higher revenue. Revenue missed analyst estimates by 7.3%. Earnings per share (EPS) also missed analyst estimates by 21%. Over the last 3 years on average, earnings per share has fallen by 24% per year but the company’s share price has increased by 5% per year, which means it is well ahead of earnings. 공시 • Jul 31
Gulf Island Fabrication, Inc. to Report Q2, 2024 Results on Aug 06, 2024 Gulf Island Fabrication, Inc. announced that they will report Q2, 2024 results After-Market on Aug 06, 2024 Buy Or Sell Opportunity • Jul 12
Now 20% overvalued after recent price rise Over the last 90 days, the stock has risen 3.0% to US$6.57. The fair value is estimated to be US$5.47, however this is not to be taken as a sell recommendation but rather should be used as a guide only. Revenue has grown by 19% over the last 3 years. Meanwhile, the company became loss making. Reported Earnings • May 08
First quarter 2024 earnings: EPS exceeds analyst expectations First quarter 2024 results: EPS: US$0.38 (up from US$0.04 in 1Q 2023). Revenue: US$42.9m (down 31% from 1Q 2023). Net income: US$6.24m (up US$5.60m from 1Q 2023). Profit margin: 15% (up from 1.0% in 1Q 2023). The increase in margin was driven by lower expenses. Revenue was in line with analyst estimates. Earnings per share (EPS) surpassed analyst estimates significantly. Over the last 3 years on average, earnings per share has fallen by 3% per year but the company’s share price has increased by 15% per year, which means it is well ahead of earnings. 공시 • May 01
Gulf Island Fabrication, Inc. to Report Q1, 2024 Results on May 07, 2024 Gulf Island Fabrication, Inc. announced that they will report Q1, 2024 results After-Market on May 07, 2024 공시 • Apr 12
Gulf Island Fabrication, Inc., Annual General Meeting, May 16, 2024 Gulf Island Fabrication, Inc., Annual General Meeting, May 16, 2024, at 09:00 Central Standard Time. Agenda: To consider and elect each of the six director nominees named in this proxy statement; to consider and approve the on an advisory basis, the compensation of the Company's named executive officers; to consider and ratify the appointment of the Company's independent registered public accounting firm for 2024; and to transact any other business that may properly come before the 2024 annual meeting. New Risk • Apr 09
New minor risk - Share price stability The company's share price has been volatile over the past 3 months. It is more volatile than 75% of American stocks, typically moving 10% a week. This is considered a minor risk. Share price volatility indicates the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. It also increases the risk of potential losses in the short term as the stock tends to have larger drops in price more frequently than other stocks. This is currently the only risk that has been identified for the company. Reported Earnings • Mar 08
Full year 2023 earnings released: US$1.51 loss per share (vs US$0.21 loss in FY 2022) Full year 2023 results: US$1.51 loss per share (further deteriorated from US$0.21 loss in FY 2022). Revenue: US$151.1m (up 6.1% from FY 2022). Net loss: US$24.4m (loss widened US$21.1m from FY 2022). Over the last 3 years on average, earnings per share has increased by 8% per year but the company’s share price has increased by 17% per year, which means it is tracking significantly ahead of earnings growth. 공시 • Mar 08
Gulf Island Fabrication, Inc. Provides Earnings Guidance for the Twelve Months Ending December 31, 2024 Gulf Island Fabrication, Inc. provided earnings guidance for the twelve months ending December 31, 2024. For the year, the company expects net income of $10,800,000. 공시 • Mar 01
Gulf Island Fabrication, Inc. to Report Q4, 2023 Results on Mar 07, 2024 Gulf Island Fabrication, Inc. announced that they will report Q4, 2023 results After-Market on Mar 07, 2024 Reported Earnings • Nov 10
Third quarter 2023 earnings released: US$2.04 loss per share (vs US$0.038 profit in 3Q 2022) Third quarter 2023 results: US$2.04 loss per share (down from US$0.038 profit in 3Q 2022). Revenue: US$5.02m (down 87% from 3Q 2022). Net loss: US$33.2m (down US$33.8m from profit in 3Q 2022). Over the last 3 years on average, earnings per share has increased by 48% per year but the company’s share price has only increased by 10% per year, which means it is significantly lagging earnings growth. 공시 • Oct 31
Gulf Island Fabrication, Inc. to Report Q3, 2023 Results on Nov 07, 2023 Gulf Island Fabrication, Inc. announced that they will report Q3, 2023 results After-Market on Nov 07, 2023 Valuation Update With 7 Day Price Move • Oct 06
Investor sentiment improves as stock rises 15% After last week's 15% share price gain to US$3.75, the stock trades at a trailing P/E ratio of 21.1x. Average trailing P/E is 15x in the Energy Services industry in the US. Total returns to shareholders of 13% over the past three years. Price Target Changed • Aug 11
Price target decreased by 43% to US$4.00 Down from US$7.00, the current price target is provided by 1 analyst. New target price is 11% above last closing price of US$3.61. Stock is down 4.2% over the past year. The company is forecast to post earnings per share of US$0.50 next year compared to a net loss per share of US$0.21 last year. Reported Earnings • Aug 09
Second quarter 2023 earnings released: EPS: US$0.07 (vs US$0.033 in 2Q 2022) Second quarter 2023 results: EPS: US$0.07 (up from US$0.033 in 2Q 2022). Revenue: US$39.3m (up 9.5% from 2Q 2022). Net income: US$1.10m (up 109% from 2Q 2022). Profit margin: 2.8% (up from 1.5% in 2Q 2022). Over the last 3 years on average, earnings per share has increased by 90% per year but the company’s share price has only increased by 6% per year, which means it is significantly lagging earnings growth. 공시 • Aug 03
Gulf Island Fabrication, Inc. to Report Q2, 2023 Results on Aug 08, 2023 Gulf Island Fabrication, Inc. announced that they will report Q2, 2023 results After-Market on Aug 08, 2023 공시 • May 19
Gulf Island Fabrication, Inc. Approves Election of Jay R. Troger as Director Gulf Island Fabrication, Inc. announced that at its AGM held on May 18, 2023, shareholders approved the election of Jay R. Troger as director. Reported Earnings • May 11
First quarter 2023 earnings released: EPS: US$0.04 (vs US$0.32 loss in 1Q 2022) First quarter 2023 results: EPS: US$0.04 (up from US$0.32 loss in 1Q 2022). Revenue: US$62.2m (up 117% from 1Q 2022). Net income: US$641.0k (up US$5.67m from 1Q 2022). Profit margin: 1.0% (up from net loss in 1Q 2022). Over the last 3 years on average, earnings per share has increased by 81% per year but the company’s share price has only increased by 7% per year, which means it is significantly lagging earnings growth. 공시 • May 06
Gulf Island Fabrication, Inc. to Report Q1, 2023 Results on May 09, 2023 Gulf Island Fabrication, Inc. announced that they will report Q1, 2023 results After-Market on May 09, 2023 Reported Earnings • Mar 31
Full year 2022 earnings released: US$0.21 loss per share (vs US$0.31 loss in FY 2021) Full year 2022 results: US$0.21 loss per share (improved from US$0.31 loss in FY 2021). Revenue: US$142.3m (up 52% from FY 2021). Net loss: US$3.35m (loss narrowed 30% from FY 2021). Over the last 3 years on average, earnings per share has increased by 75% per year but the company’s share price has only increased by 7% per year, which means it is significantly lagging earnings growth. Board Change • Dec 02
Insufficient new directors No new directors have joined the board in the last 3 years. The company's board is composed of: No new directors. 3 experienced directors. 3 highly experienced directors. President, CEO & Director Richard Heo was the last director to join the board, commencing their role in 2019. The company’s insufficient board refreshment is considered a risk according to the Simply Wall St Risk Model. Price Target Changed • Nov 16
Price target increased to US$5.00 Up from US$4.00, the current price target is provided by 1 analyst. New target price is 9.4% below last closing price of US$5.52. Stock is up 35% over the past year. The company posted a net loss per share of US$0.31 last year. Reported Earnings • Nov 10
Third quarter 2022 earnings released: EPS: US$0.04 (vs US$0.34 in 3Q 2021) Third quarter 2022 results: EPS: US$0.04 (down from US$0.34 in 3Q 2021). Revenue: US$39.6m (up 102% from 3Q 2021). Net income: US$598.0k (down 89% from 3Q 2021). Profit margin: 1.5% (down from 27% in 3Q 2021). Over the last 3 years on average, earnings per share has increased by 58% per year but the company’s share price has only increased by 4% per year, which means it is significantly lagging earnings growth. 공시 • Nov 09
Gulf Island Fabrication, Inc. Reports Impairment Charges for the Third Quarter Ended September 30, 2022 Gulf Island Fabrication, Inc. reported impairment charges for the third quarter ended September 30, 2022. For the quarter, the company reported asset impairments of $484,000. 공시 • Oct 26
Gulf Island Fabrication, Inc. to Report Q3, 2022 Results on Nov 08, 2022 Gulf Island Fabrication, Inc. announced that they will report Q3, 2022 results After-Market on Nov 08, 2022 Seeking Alpha • Aug 16
Gulf Island Fabrication: Major Potential Catalyst Revealed In Q2 Earnings Call Gulf Island Fabrication has completed its multi-year turnaround, but the market doesn't realize it yet.
The Services division is generating meaningful operating income.
The Shipyard wind-down has been delayed an additional quarter, but the division should be completely off the books by 2023.
The Fabrication division is close to landing a major contract.
I see a clear pathway to $12mm of net income in 2023; with a modest earnings multiplier, GIFI should double from here.
Gulf Island Fabrication (GIFI) is in the final stages of its multi-year turnaround. The market rewarded the company with a 20% share price jump after a strong Q2 earnings report, but investors appear to have missed an exciting catalyst that was mentioned on the conference call. Management essentially announced that they have landed a major fabrication contract that they expect to close in the next quarter; this should have led to a far larger jump than 20%. The shipyard wind-down continues at a slower than expected pace, but GIFI is poised for a strong 2023. I see a clear path to $12mm in net income and a doubling of the share price within 18 months.
Q2 Earnings Recap
The headline-grabbing news from GIFI's Q2 earnings report was the strong performance of the Services division. Boosted by the integration of the recent Dynamic acquisition, the Services division generated over $2mm in operating income. This is important because total corporate overhead runs at about $2mm per quarter; if GIFI were to stop all other operations tomorrow, they would become a GAAP profitable company overnight. The shipyard division continues to lose money and it looks like the wind down of this division is going to take an additional quarter. Management is now guiding that they expect to deliver their final vessel in Q4.
With the Services division covering the company's fixed costs and the money-losing shipyard division on track to be off the books by the start of 2023, the remaining X-factor is the fabrication division. Q2's numbers where underwhelming, with the division showing a small operating loss on slightly decreased volumes relative to the previous quarter and year. If you only read the company's Q2 earnings press release and the 10-Q, you would end up disappointed by the lack of meaningful improvement and the absence of a major contract. On the conference call, however, CEO Richard Heo dropped the following bombshell:
We indicated last quarter that we are in discussions with customers for large-scale fabrication. These customers recognize the industry capacity constraints and during the quarter, we entered into a facility reservation arrangement with one key potential customer while we continue to negotiate the Ts and Cs of a contract. We expect the contract to be completed in the third quarter, and we hope to begin fabrication work on the project by the end of the year." (Source)
This is huge news. Although a formal contract hasn't been signed, GIFI has a potential customer that is so eager to work with them that they are paying the company a retainer to hold a place for their project. This is about a strong an indicator that a contract will be signed as you can get. In clarifying comments, Heo confirmed that the project in question is above the $50mm mark and that they are in active talks with other customers who are also looking to reserve GIFI's capacity. Management previously guided that margins on large-scale fabrication work should sit at about 10%; this means that a single project at a $50mm minimum should net the company about $5mm in operating income. With no long-term debt and over $100mm in net operating loss carryforwards, interest and taxes will be negligible and net income will track closely with operating income.
Outlook for 2023 Reported Earnings • Aug 11
Second quarter 2022 earnings: EPS and revenues exceed analyst expectations Second quarter 2022 results: EPS: US$0.03 (up from US$0.11 loss in 2Q 2021). Revenue: US$35.9m (up 48% from 2Q 2021). Net income: US$528.0k (up US$2.23m from 2Q 2021). Profit margin: 1.5% (up from net loss in 2Q 2021). Revenue exceeded analyst estimates by 74%. Earnings per share (EPS) also surpassed analyst estimates. Over the last 3 years on average, earnings per share has increased by 48% per year but the company’s share price has fallen by 16% per year, which means it is significantly lagging earnings. 공시 • Jul 28
Gulf Island Fabrication, Inc. to Report Q2, 2022 Results on Aug 09, 2022 Gulf Island Fabrication, Inc. announced that they will report Q2, 2022 results on Aug 09, 2022 Reported Earnings • May 13
First quarter 2022 earnings: Revenues exceed analysts expectations while EPS lags behind First quarter 2022 results: US$0.32 loss per share (down from US$0.16 loss in 1Q 2021). Revenue: US$28.7m (up 21% from 1Q 2021). Net loss: US$5.03m (loss widened 108% from 1Q 2021). Revenue exceeded analyst estimates by 63%. Earnings per share (EPS) missed analyst estimates by 88%. Over the last 3 years on average, earnings per share has increased by 32% per year but the company’s share price has fallen by 26% per year, which means it is significantly lagging earnings. Board Change • Apr 27
Insufficient new directors There is 1 new director who has joined the board in the last 3 years. The company's board is composed of: 1 new director. 2 experienced directors. 4 highly experienced directors. President, CEO & Director Richard Heo was the last director to join the board, commencing their role in 2019. The company’s insufficient board refreshment is considered a risk according to the Simply Wall St Risk Model. 공시 • Apr 14
Gulf Island Fabrication, Inc., Annual General Meeting, May 19, 2022 Gulf Island Fabrication, Inc., Annual General Meeting, May 19, 2022, at 09:00 Central Standard Time. Location: 16225 Park Ten Place Suite 260, Houston, Texas 77084 Texas United States Agenda: To elect each of the six director nominees named in this proxy statement; To approve, on an advisory basis, the compensation of the Company’s named executive officers. Price Target Changed • Mar 24
Price target increased to US$5.00 Up from US$4.00, the current price target is provided by 1 analyst. New target price is 30% above last closing price of US$3.86. Stock is up 7.8% over the past year. The company is forecast to post a net loss per share of US$0.46 next year compared to a net loss per share of US$0.31 last year. 공시 • Mar 10
Gulf Island Fabrication, Inc. Announces Board Changes Gulf Island Fabrication, Inc. announced that its Chairman of the Board of Directors, Michael A. Flick, will retire effective upon the expiration of his current director term in connection with the Company’s 2022 annual meeting of shareholders. With Mr. Flick’s retirement in connection with the 2022 annual meeting, the Board will be reduced to six members. The Board unanimously elected William E. Chiles as Chairman of the Board to succeed Mr. Flick following the 2022 annual meeting. Mr. Chiles has been a Board member since 2014 and is currently the chairman of its Compensation Committee and a member of the Audit Committee. Board Change • Jan 01
Insufficient new directors There is 1 new director who has joined the board in the last 3 years. The company's board is composed of: 1 new director. 5 experienced directors. 1 highly experienced director. President, CEO & Director Richard Heo was the last director to join the board, commencing their role in 2019. The company’s insufficient board refreshment is considered a risk according to the Simply Wall St Risk Model. Price Target Changed • Dec 29
Price target decreased to US$4.00 Down from US$5.00, the current price target is provided by 1 analyst. New target price is approximately in line with last closing price of US$3.95. Stock is up 21% over the past year. The company is forecast to post earnings per share of US$0.27 next year compared to a net loss per share of US$1.79 last year. Board Change • Dec 29
Insufficient new directors There is 1 new director who has joined the board in the last 3 years. The company's board is composed of: 1 new director. 5 experienced directors. 1 highly experienced director. President, CEO & Director Richard Heo was the last director to join the board, commencing their role in 2019. The company’s insufficient board refreshment is considered a risk according to the Simply Wall St Risk Model. 공시 • Oct 01
Gulf Island Recommences Operations Following Hurricane Ida Gulf Island Fabrication, Inc. provided an update on the status of operations at its Houma, Louisiana facilities. On August 29, 2021, Hurricane Ida made landfall near Gulf Island’s Houma, Louisiana facilities as a powerful Category 4 hurricane, causing significant damage to the surrounding area and leaving nearly one million residents and thousands of businesses without power and water, including the Company’s Houma facilities. In an effort to return the Company to normal operations as quickly and as safely as possible, cleanup and restoration efforts commenced immediately following the passage of the storm. Power and water to the Company’s facilities have been recently restored and the Company has recommenced operations. The Company does not expect the recent events to adversely impact its ability to complete projects in backlog or its ability to pursue future project opportunities. The Company is continuing to work with its insurance providers to assess the full extent of the damage to its buildings and equipment, and although the timing and amount of any insurance recovery is uncertain, the Company currently does not expect a material impact to its overall liquidity. Executive Departure • Sep 07
Chief Accounting Officer Robert Wallis has left the company On the 3rd of September, Robert Wallis' tenure as Chief Accounting Officer ended after 3.5 years in the role. As of June 2021, Robert still personally held 38.12k shares (US$172k worth at the time). Robert is the only executive to leave the company over the last 12 months. The current median tenure of the management team is 2.42 years. Reported Earnings • Aug 12
Second quarter 2021 earnings released: US$0.11 loss per share (vs US$0.36 loss in 2Q 2020) The company reported a decent second quarter result with reduced losses and improved control over expenses, although revenues were weaker. Second quarter 2021 results: Revenue: US$24.3m (down 60% from 2Q 2020). Net loss: US$1.70m (loss narrowed 69% from 2Q 2020). Over the last 3 years on average, earnings per share has fallen by 15% per year but the company’s share price has fallen by 22% per year, which means it is performing significantly worse than earnings. Recent Insider Transactions • May 21
President recently bought US$90k worth of stock On the 19th of May, Richard Heo bought around 20k shares on-market at roughly US$4.48 per share. This was the largest purchase by an insider in the last 3 months. This was Richard's only on-market trade for the last 12 months. Reported Earnings • May 13
First quarter 2021 earnings released: US$1.21 loss per share (vs US$0.39 profit in 1Q 2020) The company reported a poor first quarter result with weaker earnings, revenues and control over costs. First quarter 2021 results: Revenue: US$59.0m (down 25% from 1Q 2020). Net loss: US$18.6m (down 416% from profit in 1Q 2020). Over the last 3 years on average, earnings per share has fallen by 10% per year but the company’s share price has fallen by 25% per year, which means it is performing significantly worse than earnings. Reported Earnings • Mar 31
Full year 2020 earnings released: US$1.79 loss per share (vs US$3.24 loss in FY 2019) The company reported a decent full year result with reduced losses and improved control over expenses, although revenues were weaker. Full year 2020 results: Revenue: US$251.0m (down 17% from FY 2019). Net loss: US$27.4m (loss narrowed 45% from FY 2019). Over the last 3 years on average, earnings per share has increased by 1% per year but the company’s share price has fallen by 17% per year, which means it is significantly lagging earnings. 공시 • Mar 31
Gulf Island Fabrication, Inc. Reports Impairment Results for the Fourth Quarter Ended December 31, 2020 Gulf Island Fabrication, Inc. reported impairment results for the fourth quarter ended December 31, 2020. For the quarter, the company reported impairments was $3,310,000. 공시 • Mar 16
Gulf Island Fabrication, Inc. to Report Q4, 2020 Results on Mar 29, 2021 Gulf Island Fabrication, Inc. announced that they will report Q4, 2020 results After-Market on Mar 29, 2021 Is New 90 Day High Low • Feb 09
New 90-day high: US$4.10 The company is up 41% from its price of US$2.90 on 10 November 2020. The American market is up 14% over the last 90 days, indicating the company outperformed over that time. It also outperformed the Energy Services industry, which is up 40% over the same period. Is New 90 Day High Low • Jan 21
New 90-day high: US$3.68 The company is up 2.0% from its price of US$3.61 on 22 October 2020. The American market is up 14% over the last 90 days, indicating the company underperformed over that time. It also underperformed the Energy Services industry, which is up 70% over the same period. Reported Earnings • Nov 04
Third quarter 2020 earnings released: US$0.81 loss per share The company reported a poor third quarter result with increased losses and weaker revenues and control over expenses. Third quarter 2020 results: Revenue: US$54.9m (down 28% from 3Q 2019). Net loss: US$12.3m (loss widened 82% from 3Q 2019). Over the last 3 years on average, earnings per share has fallen by 6% per year but the company’s share price has fallen by 38% per year, which means it is performing significantly worse than earnings. Is New 90 Day High Low • Oct 21
New 90-day high: US$3.71 The company is up 23% from its price of US$3.01 on 23 July 2020. The American market is up 8.0% over the last 90 days, indicating the company outperformed over that time. It also outperformed the Energy Services industry, which is down 18% over the same period.