Education
About Us
Working with TipRanks
Follow Us
Gulf Island Fabrication (GIFI)
NASDAQ:GIFI
Earnings Data
Report Date
May 13, 2025TBA Not Confirmed
Period Ending
2025 (Q1)Consensus EPS Forecast
0.09Last Year’s EPS
0.37Same Quarter Last Year
Based on 0 Analysts Ratings
---
Earnings Call Summary
Earnings Call Date:Mar 04, 2025
|% Change Since: -2.62%
|Next Earnings Date:May 13, 2025
Earnings Call Sentiment|Neutral
The earnings call reflects a company with strong financial results and strategic growth opportunities, particularly in diversification and new market entries. However, challenges remain in the form of declining services revenue, uncertainties in large project awards, and an expectation of reduced EBITDA in 2025.Company Guidance
During the call, Gulf Island Fabrication, Inc. provided comprehensive guidance for 2025, reflecting on their strong fiscal year 2024 results and strategic positioning. The company reported a revenue of $159 million and an adjusted EBITDA of nearly $13 million for 2024 from its small-scale fabrication and services business, alongside converting this to roughly $13 million of free cash flow. The company ended the year with over $67 million in cash and short-term investments, highlighting their robust financial position. For 2025, they anticipate a high EBITDA to free cash flow conversion rate, despite projecting a lower consolidated EBITDA than the $12.8 million adjusted consolidated EBITDA recorded in 2024. Capital expenditures for 2025 are expected to be between $2 million and $3 million. The company remains focused on expanding its presence in non-oil and gas markets such as infrastructure and high-tech manufacturing, while also exploring opportunities in nuclear and data centers. They have noted a pickup in bid activity for large-scale fabrication projects, particularly in the LNG sector, but expect most large project awards to materialize in the latter half of the year. Additionally, Gulf Island is poised to leverage its strong balance sheet and liquidity to pursue strategic acquisitions, aiming to enhance shareholder value.Strong Financial Performance
Generated revenue of $159 million and nearly $13 million of adjusted EBITDA from small fab and services business in 2024. Free cash flow of approximately $13 million, ending the year with over $67 million in cash and short-term investments.
Diversification and Strategic Growth
Expansion into markets outside of oil and gas such as infrastructure, government, and high-tech manufacturing. Initial bidding in nuclear and data centers showing potential for growth.
Improved Activity in Services Division
Project delays in Spark Safety subsiding and increased volume in cleaning and environmental services (CES) due to decommissioning activity.
Strong Liquidity Position
Ended the year with $67 million in cash and short-term investments, providing financial flexibility for growth and capital allocation opportunities.
---
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
---
GIFI Earnings-Related Price Changes
Report Date | Price 1 Day Before | Price 1 Day After | Percentage Change |
|---|---|---|---|
| Mar 04, 2025 | $6.50 | $6.31 | -2.92% |
| 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% |
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.
---
FAQ
When does Gulf Island Fabrication (GIFI) report earnings?
Gulf Island Fabrication (GIFI) is schdueled to report earning on May 13, 2025, TBA Not Confirmed.
What is Gulf Island Fabrication (GIFI) earnings time?
Gulf Island Fabrication (GIFI) earnings time is at May 13, 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 2025 (Q1) is 0.09.
---