Gulf Island Fabrication is a diversified, publicly-traded corporation that, that provides fabrication of specialized structures and vessels used in the oil, gas and marine industries. Through six integrated subsidiaries located in Houma, Louisiana, and Houston and Aransas Pass, Texas, the Company offers a full range of construction and maintenance services in-shop and out in the field. It continues to expand facilities and services to increase fabrication capacity, and to invest in employee training and technology to maintain the quality and safety in the industry.

Employee Rating

2.9More
TypePublic
HQHouston, US
Founded1985
Size (employees)847 (est)-14%
Websitegulfisland.com
Gulf Island Fabrication was founded in 1985 and is headquartered in Houston, US
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Key People/Management at Gulf Island Fabrication

Kirk J. Meche

Kirk J. Meche

President, CEO and Director
Todd F. Ladd

Todd F. Ladd

Executive Vice President and COO
Donald MacKay

Donald MacKay

Senior Vice President - EPC Division
Roy P. Francis

Roy P. Francis

Executive Vice President - Governmental Affairs & Special Projects
William G. Blanchard

William G. Blanchard

Senior Vice President – Business Development for Fabrication
Robert A. Wallis

Robert A. Wallis

Chief Accounting Officer
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Gulf Island Fabrication Office Locations

Gulf Island Fabrication has an office in Houston
Houston, US (HQ)
280 16225 Park Ten Pl
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Gulf Island Fabrication Financials and Metrics

Gulf Island Fabrication Revenue

Gulf Island Fabrication's revenue was reported to be $171.02 m in FY, 2017
USD

Revenue (Q3, 2018)

49.7m

Gross profit (Q3, 2018)

(3.2m)

Gross profit margin (Q3, 2018), %

(6.5%)

Net income (Q3, 2018)

(10.9m)

EBIT (Q3, 2018)

(10.9m)

Market capitalization (9-Nov-2018)

126.1m

Closing stock price (9-Nov-2018)

8.4

Cash (30-Sep-2018)

45.0m
Gulf Island Fabrication's current market capitalization is $126.1 m.
Annual
USDFY, 2013FY, 2014FY, 2015FY, 2016FY, 2017

Revenue

608.3m506.6m306.1m286.3m171.0m

Revenue growth, %

(17%)(40%)(6%)

Cost of goods sold

584.7m

Gross profit

23.7m
Quarterly
USDQ3, 2013Q1, 2014Q2, 2014Q3, 2014Q1, 2015Q2, 2015Q3, 2015Q1, 2016Q2, 2016Q3, 2016Q1, 2017Q2, 2017Q3, 2017Q1, 2018Q2, 2018Q3, 2018

Revenue

168.2m134.7m129.2m118.0m84.3m67.5m84.0m81.5m65.4m38.0m45.9m49.9m57.3m54.0m49.7m

Cost of goods sold

159.1m125.9m118.8m103.4m78.5m75.4m78.3m67.4m60.1m42.9m57.5m50.4m56.6m54.7m52.9m

Gross profit

9.1m8.8m10.3m14.7m5.8m(7.8m)5.7m14.1m5.3m(4.9m)(11.6m)(494.0k)679.0k(699.0k)(3.2m)

Gross profit Margin, %

5%7%8%12%7%(12%)7%17%8%(13%)(25%)(1%)1%(1%)(6%)
Annual
USDFY, 2013FY, 2014FY, 2015FY, 2016FY, 2017

Cash

36.6m36.1m34.8m51.2m9.0m

Accounts Receivable

20.0k3.4m

Inventories

11.3m10.1m12.9m12.0m4.9m

Current Assets

202.0m172.5m115.9m113.4m179.2m
Quarterly
USDQ3, 2013Q1, 2014Q2, 2014Q3, 2014Q1, 2015Q2, 2015Q3, 2015Q1, 2016Q2, 2016Q3, 2016Q1, 2017Q2, 2017Q3, 2017Q1, 2018Q2, 2018Q3, 2018

Cash

21.8m23.2m31.4m26.7m50.1m53.4m45.3m39.2m50.1m55.6m34.7m22.3m17.8m6.5m32.0m45.0m

Inventories

5.1m11.2m10.8m10.5m10.1m9.9m13.3m17.8m18.9m18.3m11.8m11.9m12.3m5.1m5.6m6.6m

Current Assets

189.0m173.1m147.2m160.0m153.3m141.1m127.3m119.0m125.6m123.3m210.8m214.1m209.6m178.1m168.8m176.3m

PP&E

223.0m234.7m231.9m230.6m220.4m215.8m211.4m217.4m213.7m211.2m91.0m90.7m91.0m86.0m81.8m80.7m
Annual
USDFY, 2013FY, 2014FY, 2015FY, 2016FY, 2017

Net Income

7.2m15.3m(25.4m)3.5m(44.8m)

Depreciation and Amortization

25.1m26.4m26.2m25.4m12.9m

Inventories

(6.3m)1.2m931.0k6.5m356.0k

Accounts Payable

16.6m(25.8m)(26.7m)(12.8m)9.4m
Quarterly
USDQ3, 2013Q1, 2014Q2, 2014Q3, 2014Q1, 2015Q2, 2015Q3, 2015Q1, 2016Q2, 2016Q3, 2016Q1, 2017Q2, 2017Q3, 2017Q1, 2018Q2, 2018Q3, 2018

Net Income

10.3m3.5m7.8m15.4m83.0k1.4m(10.7m)989.0k6.5m7.1m(6.5m)(17.4m)(20.5m)(5.3m)(4.7m)(15.7m)

Depreciation and Amortization

18.7m6.4m13.0m19.7m6.6m13.1m19.7m6.6m12.9m19.3m4.7m7.5m10.1m2.7m5.4m7.8m

Inventories

(111.0k)134.0k542.0k869.0k(5.0k)245.0k508.0k51.0k(1.2m)135.0k175.0k102.0k

Accounts Payable

3.4m(18.4m)(33.4m)(31.8m)(14.5m)(24.5m)(25.4m)(10.7m)(7.5m)(13.7m)(520.0k)10.3m12.4m494.0k(2.4m)1.8m
USDY, 2018

Financial Leverage

1.3 x
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Gulf Island Fabrication News and Updates

Gulf Island Fabrication, Inc. Reports Third Quarter Results

HOUSTON, Nov. 08, 2018 (GLOBE NEWSWIRE) -- Gulf Island Fabrication, Inc. ("Gulf Island" or the "Company") (NASDAQ: GIFI) today reported a net loss of $10.9 million ($0.73 per share) on revenue of $49.7 million for the third quarter 2018, compared to a net loss of $3.1 million ($0.21 per share) on …

Gulf Island Fabrication Announces Third Quarter 2018 Earnings Conference Call

HOUSTON, Oct. 26, 2018 (GLOBE NEWSWIRE) -- Gulf Island Fabrication, Inc. (NASDAQ: GIFI) will announce its financial results for the third quarter 2018 after the market close on Thursday, November 8, 2018.

Gulf Island Fabrication, Inc. Announces Project Award

HOUSTON, Sept. 14, 2018 (GLOBE NEWSWIRE) -- Gulf Island Fabrication, Inc. (NASDAQ: GIFI), announced today that, through its subsidiary Gulf Island, L.L.C., it has signed a contract for the expansion and delivery of one (1) 245-guest riverboat with American Countess, LLC. The new paddle wheeler wil…
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Gulf Island Fabrication Company Life and Culture

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Gulf Island Fabrication Frequently Asked Questions

  • When was Gulf Island Fabrication founded?

    Gulf Island Fabrication was founded in 1985.

  • Who are Gulf Island Fabrication key executives?

    Gulf Island Fabrication's key executives are Kirk J. Meche, Todd F. Ladd and Donald MacKay.

  • How many employees does Gulf Island Fabrication have?

    Gulf Island Fabrication has 847 employees.

  • What is Gulf Island Fabrication revenue?

    Latest Gulf Island Fabrication annual revenue is $171 m.

  • What is Gulf Island Fabrication revenue per employee?

    Latest Gulf Island Fabrication revenue per employee is $201.9 k.

  • Who are Gulf Island Fabrication competitors?

    Competitors of Gulf Island Fabrication include Ocean Yield, BW LPG and Hornbeck Offshore.

  • Where is Gulf Island Fabrication headquarters?

    Gulf Island Fabrication headquarters is located at 280 16225 Park Ten Pl, Houston.

  • Where are Gulf Island Fabrication offices?

    Gulf Island Fabrication has an office in Houston.

  • How many offices does Gulf Island Fabrication have?

    Gulf Island Fabrication has 1 office.