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Gulf Island Fabrication (GIFI)
NASDAQ:GIFI
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Earnings Data
Report Date
Mar 06, 2025TBA Not Confirmed
Period Ending
2024 (Q4)Consensus EPS Forecast
$0.08Last Year’s EPS
$0.44Same Quarter Last Year
Based on 0 Analysts Ratings
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Earnings Call Summary
Earnings Call Date:Nov 05, 2024
|% Change Since: 22.50%
|Next Earnings Date:Mar 06, 2025
Earnings Call Sentiment|Neutral
The earnings call presented a mixed outlook. While the company showed strong performance in its fabrication division and maintained a robust liquidity position, challenges in the services division and external factors like hurricane activity posed significant headwinds. Strategic expansions into diverse markets and continued investment in growth initiatives were positive indicators, yet ongoing project delays and political uncertainties in the large fabrication market tempered the overall optimism.Company Guidance
During the earnings call for Q3 2024, Gulf Island provided guidance on its financial outlook, highlighting an anticipated full-year adjusted consolidated EBITDA in the range of $11 million to $13 million, with expectations to be at the lower end due to project delays and hurricane disruptions. The company reported a 14% increase in fabrication revenue, driven by small-scale fabrication activity, and a 12% decrease in services revenue due to delayed project awards and hurricane impacts. Gulf Island ended the quarter with a cash and investments balance of approximately $67 million, showcasing strong free cash flow conversion. The company also discussed its strategic focus on expanding into non-oil and gas markets, such as infrastructure and clean energy, to drive future growth. Additionally, Gulf Island highlighted its new cleaning and Environmental Services business line aimed at capitalizing on decommissioning activities in the Gulf of Mexico, reinforcing its long-term growth initiatives.Year-over-Year Growth in Adjusted EBITDA
The company reported an 11% year-over-year growth in adjusted EBITDA, showcasing improved durability of its operating model despite headwinds in the Services division.
Strong Performance in Fabrication Division
Fabrication revenue increased by 14% from last year, driven by continued strength in the small-scale fabrication business, with adjusted EBITDA nearly doubling compared to the prior year.
Strategic Positioning and Market Expansion
The company is expanding its exposure to markets outside oil and gas, such as infrastructure, clean energy, and high-tech manufacturing, with notable projects like the fabrication of structural components for NASA.
Strong Liquidity Position
The company ended the quarter with a cash and investments balance of approximately $67 million, highlighting strong free cash flow conversion on EBITDA.
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GIFI Earnings History
The table shows recent earnings report dates and whether the forecast was beat or missed. See the change in forecast and EPS from the previous year.
Beat
Missed
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GIFI Earnings-Related Price Changes
Report Date | Price 1 Day Before | Price 1 Day After | Percentage Change |
|---|---|---|---|
| Nov 05, 2024 | $5.60 | $6.02 | +7.50% |
| Aug 06, 2024 | $6.04 | $5.40 | -10.60% |
| May 07, 2024 | $7.01 | $6.75 | -3.71% |
| Mar 07, 2024 | $5.18 | $6.56 | +26.64% |
Earnings announcements can affect a stock’s price. This table shows the stock's price the day before and the day after recent earnings reports, including the percentage change.
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FAQ
When does Gulf Island Fabrication (GIFI) report earnings?
Gulf Island Fabrication (GIFI) is schdueled to report earning on Mar 06, 2025, TBA Not Confirmed.
What is Gulf Island Fabrication (GIFI) earnings time?
Gulf Island Fabrication (GIFI) earnings time is at Mar 06, 2025, TBA Not Confirmed.
Where can I see when companies are reporting earnings?
You can see which companies are reporting today on our designated earnings calendar.
What companies are reporting earnings today?
You can see a list of the companies which are reporting today on TipRanks earnings calendar.
What is GIFI EPS forecast?
GIFI EPS forecast for the fiscal quarter 2024 (Q4) is $0.08.
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