Gulf Island Fabrication, Inc.
Description
Gulf Island Fabrication, Inc., together with its subsidiaries, operates as a fabricator of steel structures and modules in the United States. It operates through Services, Fabrication, and Shipyard divisions. The company provides maintenance, repair, construction, scaffolding, coatings, welding enclosures, and other specialty services on offshore platforms, inland structures, and industrial facilities; services required to connect production equipment and service modules, and equipment on offshore platforms; project management and commissioning services; hookup services; and civil construction and staffing services to the industrial and energy sectors, as well as undertakes municipal and drainage projects, including pump stations, levee reinforcement, bulkheads, and other public works. It also fabricates modules, skids, and piping systems for onshore refining, petrochemical, liquified natural gas (LNG), industrial, and offshore facilities; foundations, secondary steel components, and support structures for alternative energy developments and coastal mooring facilities; offshore production platforms and associated structures, including jacket foundations, piles, and topsides for fixed production and utility platforms, as well as hulls and topsides for floating production and utility platforms; and other complex steel structures and components. In addition, the company fabricates newbuild marine vessels and provides marine repair and maintenance services. The company serves international energy producers; refining, petrochemical, LNG, industrial, and power operators; and engineering, procurement, and construction companies. Gulf Island Fabrication, Inc. was incorporated in 1985 and is headquartered in The Woodlands, Texas.
About
CEO
Mr. Richard W. Heo Ph.D.
Employees
839
Instrument type
Common Stock
Sector
Industrials
Industry
Metal Fabrication
MIC code
XNGS
Address
2170 Buckthorne Place, The Woodlands, TX 77380, United States
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Oscillators
No data available
Summary
No data available
Moving Averages
No data available
Earnings
| Date | Estimate EPS | Actual EPS | Difference | % Surprise |
|---|---|---|---|---|
| Nov 3, 2025 | — | — | — | — |
| Aug 5, 2025 | — | — | — | — |
| May 5, 2025 | — | — | — | — |
| Mar 5, 2025 | 0.12 | — | — | — |
| Nov 6, 2024 | 0.13 | 0.14 | 0.01 | 7.69% |
Earnings estimate
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Next Quarter
(Mar 2025)
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Next Year
(Dec 2025)
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|---|---|---|---|---|
| Number of analysts | — | 0 | — | 0 |
| Average estimate | — | 0.00 | — | 0.00 |
| Low estimate | — | 0.00 | — | 0.00 |
| High estimate | — | 0.00 | — | 0.00 |
| Last year EPS | — | 0.18 | — | 0.74 |
[stock_revenue_estimate]
Growth estimates
Current qtr
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Next qtr. (Mar 2025)
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Current year
—
Next year (Dec 2025)
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Next 5 years (per annum)
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Past 5 years (per annum)
—
Income statement
| 2023 | 2022 | 2021 | 2020 | 2019 | |
|---|---|---|---|---|---|
| Fiscal date | 2023-12-31 | 2022-12-31 | 2021-12-31 | 2020-12-31 | 2019-12-31 |
| Total reported revenue | 151.07M | 142.32M | 93.45M | 117.73M | 303.31M |
| Cost of revenue | 162.97M | 134.43M | 91.79M | 125.60M | 320.31M |
| Gross profit | -11.90M | 7.90M | 1.66M | -7.87M | -17.00M |
| Operating expense | |||||
| Research & development | — | — | — | — | — |
| Selling general and admin | 16.28M | 18.21M | 11.85M | 12.73M | 15.63M |
| Other operating expenses | — | -6.90M | 3.30M | -9.18M | -134,000 |
| Operating income | -28.18M | -10.32M | -13.48M | -11.41M | -32.49M |
| Non operating interest income | |||||
| Income | — | — | — | — | — |
| Expense | — | — | — | — | — |
| Other income expense | 2.30M | 6.90M | 9.06M | -2.49M | -17.53M |
| Pretax income | -24.44M | -3.33M | -4.82M | -14.17M | -49.49M |
| Tax provision | -41,000 | 23,000 | -24,000 | -52,000 | -96,000 |
| Net income | -24.40M | -3.35M | -22.17M | -27.43M | -49.39M |
| Basic EPS | -1.51 | -0.21 | -1.43 | -1.79 | -3.24 |
| Diluted EPS | -1.51 | -0.21 | -1.43 | -1.79 | -3.24 |
| Basic average shares | 16.16M | 15.96M | 15.50M | 15.29M | 15.25M |
| Diluted average shares | 16.16M | 15.96M | 15.50M | 15.29M | 15.25M |
| EBITDA | -24.21M | -12.02M | -17.16M | -304,000 | -5.35M |
| Net income from continuing op. | -24.40M | -3.35M | -22.17M | -27.43M | -49.39M |
| Minority interests | — | — | — | — | — |
| Preferred stock dividends | — | — | — | — | — |
Balance sheet
| 2023 | 2022 | 2021 | 2020 | 2019 | |
|---|---|---|---|---|---|
| Fiscal date | 2023-12-31 | 2022-12-31 | 2021-12-31 | 2020-12-31 | 2019-12-31 |
| Total assets | 128.43M | 134.87M | 135.27M | 236.74M | 252.78M |
| Current assets | |||||
| Cash | — | — | — | — | — |
| Cash equivalents | — | — | — | — | — |
| Cash and cash equivalents | 38.18M | 33.22M | 52.89M | 43.16M | 49.70M |
| Other short term investments | 8.23M | 9.91M | — | 8.00M | 19.92M |
| Accounts receivable | 36.30M | 29.43M | 15.99M | 14.09M | 26.10M |
| Other receivables | 2.74M | 4.84M | 4.76M | 5.10M | 52.13M |
| Inventory | 2.07M | 1.60M | 1.78M | 2.16M | 2.68M |
| Prepaid assets | — | 6.48M | 6.97M | 7.94M | 3.95M |
| Restricted cash | 1.48M | 1.60M | 1.30M | — | — |
| Assets held for sale | 5.64M | — | 1.80M | 72.32M | 9.01M |
| Hedging assets | — | — | — | — | — |
| Other current assets | 6.99M | 6.48M | 6.97M | 7.94M | 3.95M |
| Non current assets | |||||
| Properties | 17.28M | 23.25M | 23.40M | 23.65M | 40.38M |
| Land and improvements | 2.10M | 4.38M | 4.42M | 4.22M | 4.97M |
| Machinery furniture equipment | 67.17M | 71.21M | 75.85M | 65.88M | 131.43M |
| Construction in progress | 2.06M | 2.88M | 705,000 | 3.09M | 2.64M |
| Leases | — | — | — | — | — |
| Accumulated depreciation | -84.69M | -96.14M | -95.45M | -90.70M | -144.51M |
| Goodwill | 5.13M | 5.28M | 5.42M | — | — |
| Investment properties | — | — | — | — | — |
| Financial assets | — | — | — | — | — |
| Intangible assets | 700,000 | 842,000 | 984,000 | — | — |
| Investments and advances | — | — | — | — | — |
| Other non current assets | 739,000 | 13.58M | 13.73M | 52.80M | 18.82M |
| Total liabilities | 49.46M | 32.24M | 31.37M | 112.26M | 100.09M |
| Current liabilities | |||||
| Accounts payable | 8.47M | 8.31M | 9.28M | 12.36M | 61.54M |
| Accrued expenses | 14.84M | 14.28M | 14.03M | 13.76M | 10.03M |
| Short term debt | 1.08M | — | — | 5.50M | — |
| Deferred revenue | 5.47M | 8.20M | 6.65M | 10.26M | 26.27M |
| Tax payable | — | — | — | — | — |
| Pensions | — | — | — | — | — |
| Other current liabilities | — | — | — | 63.81M | — |
| Non current liabilities | |||||
| Long term debt | 18.93M | — | — | 4.50M | — |
| Provision for risks and charges | — | — | — | — | — |
| Deferred liabilities | — | — | — | — | — |
| Derivative product liabilities | — | — | — | — | — |
| Other non current liabilities | 685,000 | 1.45M | 1.41M | 2.07M | 2.25M |
| Shareholders equity | |||||
| Common stock | 11.73M | 11.59M | 11.38M | 11.22M | 11.12M |
| Retained earnings | -41.37M | -16.34M | -12.99M | 9.18M | 38.44M |
| Other shareholders equity | — | — | — | — | — |
| Total shareholders equity | 78.97M | 102.62M | 103.91M | 124.48M | 152.69M |
| Additional paid in capital | 108.62M | 107.37M | 105.51M | 104.07M | 103.12M |
| Treasury stock | — | — | — | — | — |
| Minority interest | — | — | — | — | — |
Cash flow statement
| 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | 2012 | 2011 | 2010 | 2009 | 2008 | 2007 | 2006 | 2005 | 2004 | 2003 | 2002 | 2001 | 2000 | 1999 | 1998 | 1997 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Operating Activities | |||||||||||||||||||||||||||
| Net Income | -24.40M | -3.35M | -22.17M | -27.43M | -49.39M | -20.38M | -44.77M | 3.52M | -25.36M | 15.32M | 7.23M | -4.09M | -1.80M | 13.09M | 20.80M | 29.02M | 31.17M | 21.33M | 12.99M | 12.04M | 15.79M | 5.57M | 7.26M | 4.19M | 6.70M | 18.80M | 12.20M |
| Depreciation | 5.47M | 5.10M | 5.39M | 8.62M | 9.61M | 10.43M | 12.75M | 25.45M | 26.20M | 26.44M | 25.09M | 23.40M | 20.69M | 19.28M | 18.51M | 17.49M | 14.12M | 12.51M | 6.28M | 6.04M | 5.32M | 4.57M | 4.87M | 4.77M | 5.00M | 4.20M | 2.90M |
| Deferred Taxes | — | — | — | — | -10,000 | 200,000 | -23.23M | 1.41M | -14.06M | 8.26M | 3.79M | -1.85M | -883,000 | 3.36M | 5.14M | 5.45M | 3.42M | 1.21M | -355,000 | 1.60M | 2.56M | 694,000 | 348,000 | 1.36M | 700,000 | 400,000 | 1.90M |
| Stock-Based Compensation | 1.99M | 2.30M | 1.71M | 1.13M | 1.77M | 2.80M | 2.74M | 3.13M | 2.71M | 1.14M | 672,000 | -259,000 | -146,000 | 825,000 | 677,000 | 536,000 | — | — | — | — | — | — | — | — | — | — | — |
| Other Non-Cash Items | -571,000 | -1.20M | 2.58M | — | 50,000 | -3.57M | -1.84M | -5.22M | 9.91M | 1.14M | 672,000 | 3.79M | -1.80M | 701,000 | 653,000 | -6,000 | 228,000 | -581,000 | — | — | — | — | — | — | 100,000 | 100,000 | 200,000 |
| Accounts Receivable | -4.99M | -13.52M | -7.54M | -4.69M | -25.80M | -23.97M | -9.86M | 14.08M | 45.91M | 12.81M | -52.58M | -12.26M | -59.84M | 77.11M | 9.52M | -25.76M | -22.99M | -9.69M | -13.01M | 9.65M | -17.28M | -20.00M | 2.15M | 7.84M | 10.60M | -5.60M | -3.80M |
| Accounts Payable | -9,000 | -1.09M | -11.49M | 10.04M | 30.95M | 10.52M | 9.35M | -12.76M | -26.67M | -25.78M | 16.57M | 28.98M | 15.24M | -11.26M | -547,000 | -1.02M | — | — | — | — | — | — | — | — | — | — | — |
| Other Assets & Liabilities | 29.03M | 672,000 | -7.65M | -9.54M | 7.93M | 13.28M | 9.93M | -22.03M | -9.24M | -33.55M | 14.10M | -53.81M | 75.81M | 7.98M | -38.83M | 3.00M | 11.99M | 2.63M | -1.84M | -1.86M | 3.19M | 3.78M | -1.88M | -419,000 | -1.00M | -2.70M | 3.30M |
| Operating Cash Flow | 6.51M | -11.09M | -39.17M | -21.88M | -24.89M | -10.70M | -44.94M | 7.57M | 9.39M | 5.78M | 15.55M | -16.10M | 47.27M | 111.10M | 15.93M | 28.71M | 37.94M | 27.40M | 4.06M | 27.47M | 9.59M | -5.39M | 12.74M | 17.74M | 22.10M | 15.20M | 16.70M |
| Investing Activities | |||||||||||||||||||||||||||
| Capital Expenditures | 456,000 | 2.04M | 4.47M | 2.02M | 2.22M | 85.25M | 2.16M | 6.46M | 11,000 | 929,000 | 551,000 | — | — | — | 1.00M | — | -46.91M | -69.11M | -5.68M | -8.13M | -16.11M | -10.37M | -3.43M | -3.45M | -2.90M | -13.20M | -15.20M |
| Net Intangibles | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — |
| Net Acquisitions | — | 886,000 | -7.57M | — | — | — | — | 3.04M | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | -1.95M | — | -5.90M | — |
| Purchase of Investments | -39.03M | -9.91M | — | -58.75M | -65.28M | -9.61M | — | — | — | — | — | — | — | — | — | — | — | — | -1.87M | -14.76M | -5.26M | — | -7.73M | -4.81M | -11.20M | — | — |
| Sale of Investments | 40.70M | — | 8.00M | 70.55M | 54.09M | 1.20M | — | — | — | — | — | — | — | — | — | — | — | 30.21M | — | — | 10.00M | 4.98M | — | — | — | — | — |
| Investing Cash Flow | 2.37M | -5.78M | 38.89M | 13.82M | -8.98M | 86.20M | 3.70M | 9.49M | 11,000 | 929,000 | 551,000 | — | — | — | 1.00M | — | -46.91M | -38.90M | -7.55M | -22.88M | -11.37M | -5.39M | -11.16M | -10.20M | -14.30M | -19.20M | -20.70M |
| Financing Activities | |||||||||||||||||||||||||||
| Long-Term Debt Issuance | — | — | — | 10.00M | — | 15.00M | 2.00M | — | — | 22.00M | 45.00M | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — |
| Long-Term Debt Payments | — | — | -1.05M | — | — | -15.00M | -2.00M | — | — | -22.00M | -45.00M | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — |
| Other Financing Charges | -1.74M | -1.97M | -108,000 | -145,000 | -843,000 | -852,000 | -1.07M | -339,000 | -79,000 | — | 116,000 | 259,000 | 146,000 | 124,000 | 24,000 | 542,000 | 755,000 | 1.32M | 425,000 | — | — | — | — | — | — | — | — |
| Financing Cash Flow | -1.87M | -1.97M | -1.16M | 9.86M | -843,000 | -852,000 | -1.66M | -927,000 | -5.94M | -5.87M | -5.72M | -5.56M | -3.34M | -1.03M | -1.85M | -9.97M | -3.61M | 465,000 | -3.25M | 3.04M | 737,000 | 396,000 | 319,000 | 336,000 | — | 300,000 | 14.70M |
| Other Cash Details | |||||||||||||||||||||||||||
| End Cash Position | 39.65M | 34.82M | 54.59M | 43.16M | 49.70M | 70.46M | 8.98M | 51.17M | 34.83M | 36.09M | 36.57M | 24.89M | 55.29M | 88.07M | 8.75M | 13.84M | 24.64M | 10.30M | 5.69M | 11.70M | 8.01M | 5.67M | 11.27M | 10.08M | 4.50M | 2.80M | 6.90M |
| Income Tax Paid | — | — | — | — | 63,000 | 6,000 | 189,000 | 377,000 | 152,000 | 225,000 | 3.14M | 2.29M | 660,000 | 7.64M | 7.89M | 12.13M | — | — | — | — | — | — | — | — | — | — | — |
| Interest Paid | 49,000 | 149,000 | 264,000 | 376,000 | 470,000 | 352,000 | 349,000 | 332,000 | 165,000 | 169,000 | 843,000 | 99,000 | 132,000 | 72,000 | 71,000 | 45,000 | — | — | — | — | — | — | — | — | — | — | — |
| Free Cash Flow | 4.32M | -12.01M | -26.30M | -30.22M | -10.93M | -23.87M | -44.22M | 7.77M | 4.68M | 4.45M | 16.65M | -24.85M | -29.61M | 79.68M | -4.26M | -6.57M | 17.94M | -26.06M | -2.72M | 15.38M | -3.16M | -11.08M | 6.51M | 11.96M | 16.10M | 1.30M | 3.10M |
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