GIFI
Gulf Island Fabrication, Inc.11.92
+0.00+0%
Dec 16, 4:00:00 PM EST
Earnings Call Transcripts
This Quarter (Q1 '26)
No earnings call transcript available yet
Last Quarter (Q4 '25)
No earnings call transcript available
Key Stats
Market Cap
190.70MP/E (TTM)
21.67Basic EPS (TTM)
0.55Dividend Yield
0%Recent Filings
8-K
Gulf Island merges into IES
Gulf Island Fabrication completed its merger with IES Holdings' subsidiary on January 16, 2026, at 3:15 p.m. CT, becoming an indirect wholly owned subsidiary after shareholder approval. Shareholders received $12.00 per share in cash; the company paid off its $17.8 million Zurich note, terminating that debt. Merger closed the public chapter. IES directors now lead; key execs stay on fixed terms.
8-K
Shareholders approve IES merger
Gulf Island shareholders overwhelmingly approved the merger with IES Holdings on January 13, 2026, with 12.9 million for votes trouncing 67,686 against on the merger proposal. Closing targeted for January 16, 2026, subject to customary conditions. GIFI stock will delist from Nasdaq. Risks include failure to close or operational disruptions.
8-K
Q3 revenue jumps; IES buyout set
Gulf Island posted Q3 2025 revenue of $51.5 million, up from $37.6 million last year, with net income of $1.6 million and adjusted EBITDA of $2.5 million despite Englobal losses. Fabrication snagged a major Francis Scott Key Bridge rebuild contract; services grew via Englobal. Signed deal November 7 for IES to buy it at $12 per share, eyeing Q1 2026 close. Deal risks loom large.
10-Q
Q3 FY2025 results
Gulf Island Fabrication posted Q3 revenue of $51.5M, up 37% y/y from $37.6M yet flat q/q, with gross profit steady at $4.9M (9.5% margin, down from 12.4%). Operating income dipped to $1.1M from $1.7M y/y on higher G&A and integration costs from the Englobal Acquisition (Automation in Fabrication May 2025, Engineering/Government in Services June 2025, $3.5M credit bid, $1.4M goodwill, $0.4M trade name over 5 years), while YTD revenue rose 6% to $129.4M and net income fell to $4.8M from $10.4M due to $1.5M Alliance reserve. Cash flow from operations hit $7.6M YTD; $23.2M cash plus $40.2M short-term investments back $19.0M Note debt (3% fixed, 15-year term). Backlog stands at $36.8M. Pending IES merger adds execution risk.
8-K
GIFI merger at $12/share
Gulf Island Fabrication signed a merger agreement on November 7, 2025, with IES Holdings' sub, converting shares to $12.00 cash at closing, pending shareholder approval and HSR clearance by August 7, 2026. Supporting shareholders holding 20% committed votes; IES owns 3.5%. No financing condition, but $7.6M termination fee looms if Gulf Island pursues superior offer.
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