Gulf Island Fabrication

Gulf Island Fabrication is a diversified, publicly-traded corporation that, since 1985, has grown to be a worldwide leader in the 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, we provide our clients with a full range of construction and maintenance services in-shop and out in the field. As the energy industry continues to push the envelope of deepwater exploration, we are responding with innovation and state-of-the-art technology to meet the challenges ahead. Gulf Island Fabrication continues to expand facilities and services to increase fabrication capacity, and to invest in employee training and technology to maintain the highest quality and safety in the industry. Our coordinated capabilities and strategic locations along the Gulf of Mexico translate into greater efficiency and expedited project completion.
Company Growth (employees)
Type
Public
HQ
Houston, US
Founded
1985
Size (employees)
922 (est)-21%
Gulf Island Fabrication was founded in 1985 and is headquartered in Houston, US

Gulf Island Fabrication Office Locations

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

Gulf Island Fabrication Data and Metrics

Gulf Island Fabrication Financial Metrics

Gulf Island Fabrication's revenue was reported to be $38 m in Q1, 2017
USD

Revenue (Q1, 2017)

38 m

Gross profit (Q1, 2017)

(4.9 m)

Gross profit margin (Q1, 2017), %

(13%)

Net income (Q1, 2017)

(6.5 m)

EBIT (Q1, 2017)

(9.2 m)

Market capitalization (17-Aug-2017)

157.4 m

Cash (31-Mar-2017)

34.7 m
Gulf Island Fabrication's current market capitalization is $157.4 m.
USDFY, 2013FY, 2014FY, 2015FY, 2016

Revenue

608.3 m506.6 m306.1 m286.3 m

Revenue growth, %

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

Cost of goods sold

584.7 m

Gross profit

23.7 m44.6 m(15.2 m)

Gross profit Margin, %

4%9%(5%)

General and administrative expense

19.7 m

Operating expense total

19.7 m

EBIT

12.1 m23.9 m(38.6 m)5.2 m

EBIT margin, %

2%5%(13%)2%

Interest expense

237 k165 k332 k

Interest income

3 k26 k24 k

Pre tax profit

11.5 m(38.7 m)

Income tax expense

4.3 m(13.4 m)2 m

Net Income

7.2 m15.3 m(25.4 m)3.5 m
USDQ2, 2014Q3, 2014Q1, 2015Q2, 2015Q3, 2015Q1, 2016Q2, 2016Q3, 2016Q1, 2017

Revenue

84.3 m67.5 m84 m81.5 m65.4 m38 m

Cost of goods sold

78.5 m75.4 m78.3 m67.4 m60.1 m42.9 m

Gross profit

5.8 m(7.8 m)5.7 m14.1 m5.3 m(4.9 m)

Gross profit Margin, %

7%(12%)7%17%8%(13%)

General and administrative expense

3.7 m3.8 m4.5 m5.1 m5.1 m3.9 m

Operating expense total

3.7 m3.8 m4.5 m5.1 m5.1 m3.9 m

EBIT

2.1 m(18.2 m)1.2 m9 m173 k(9.2 m)

EBIT margin, %

2%(27%)1%11%0%(24%)

Interest expense

(50 k)(39 k)(50 k)(88 k)(110 k)(59 k)

Interest income

7 k8 k6 k2 k12 k

Pre tax profit

2.1 m(18.3 m)1.6 m9 m

Income tax expense

696 k(6.1 m)581 k3.4 m133 k(2.8 m)

Net Income

7.8 m15.4 m83 k1.4 m(10.7 m)989 k6.5 m7.1 m(6.5 m)
USDFY, 2013FY, 2014FY, 2015FY, 2016

Cash

36.6 m36.1 m34.8 m51.2 m

Accounts Receivable

20 k3.4 m

Inventories

11.3 m10.1 m12.9 m12 m

Current Assets

202 m172.5 m115.9 m113.4 m

PP&E

223.6 m224.8 m200.4 m206.2 m

Total Assets

426.2 m397.9 m316.9 m322.4 m

Accounts Payable

66.1 m40.3 m13.6 m9 m

Current Liabilities

112.3 m72.8 m37.9 m35.3 m

Total Liabilities

59.4 m

Additional Paid-in Capital

93.1 m93.8 m96.2 m98.8 m

Retained Earnings

172.4 m181.9 m150.7 m153.6 m

Total Equity

275.6 m285.8 m257.2 m263 m

Financial Leverage

1.5 x1.4 x1.2 x1.2 x
USDQ2, 2014Q3, 2014Q1, 2015Q2, 2015Q3, 2015Q1, 2016Q2, 2016Q3, 2016Q1, 2017

Cash

31.4 m26.7 m50.1 m53.4 m45.3 m39.2 m50.1 m55.6 m34.7 m

Inventories

10.8 m10.5 m10.1 m9.9 m13.3 m17.8 m18.9 m18.3 m11.8 m

Current Assets

147.2 m160 m153.3 m141.1 m127.3 m119 m125.6 m123.3 m210.8 m

PP&E

231.9 m230.6 m220.4 m215.8 m211.4 m217.4 m213.7 m211.2 m91 m

Total Assets

379.8 m391.2 m374.3 m357.5 m339.3 m339.2 m342 m337.2 m304.7 m

Accounts Payable

32.6 m34.3 m25.8 m15.8 m14.9 m8.9 m12.1 m8.7 m8.5 m

Current Liabilities

62.6 m66.9 m51.5 m34.9 m33.2 m51.9 m50 m43.5 m27.9 m

Additional Paid-in Capital

93.6 m93.9 m94.2 m94.9 m95.5 m96.7 m97.5 m98.3 m98.4 m

Retained Earnings

177.3 m183.5 m180.5 m180.4 m166.8 m151.5 m156.9 m157.3 m147 m

Total Equity

281 m287.4 m284.9 m285.5 m272.6 m258.6 m264.9 m266.1 m256 m

Financial Leverage

1.4 x1.4 x1.3 x1.3 x1.2 x1.3 x1.3 x1.3 x1.2 x
USDFY, 2013FY, 2014FY, 2015FY, 2016

Net Income

7.2 m15.3 m(25.4 m)3.5 m

Depreciation and Amortization

25.1 m26.4 m26.2 m25.4 m

Accounts Receivable

(20 k)

Inventories

(6.3 m)1.2 m931 k6.5 m

Accounts Payable

16.6 m(25.8 m)(26.7 m)(12.8 m)

Cash From Operating Activities

38 m32.1 m10.6 m14.4 m

Cash From Investing Activities

(20.8 m)(26.7 m)(6 m)2.7 m

Long-term Borrowings

(45 m)(22 m)

Cash From Financing Activities

(5.5 m)(5.9 m)(5.9 m)(710 k)

Interest Paid

843 k169 k165 k332 k
USDQ2, 2014Q3, 2014Q1, 2015Q2, 2015Q3, 2015Q1, 2016Q2, 2016Q3, 2016Q1, 2017

Net Income

7.8 m15.4 m83 k1.4 m(10.7 m)989 k6.5 m7.1 m(6.5 m)

Depreciation and Amortization

13 m19.7 m6.6 m13.1 m19.7 m6.6 m12.9 m19.3 m4.7 m

Inventories

542 k869 k(5 k)245 k508 k51 k(1.2 m)135 k175 k

Accounts Payable

(33.4 m)(31.8 m)(14.5 m)(24.5 m)(25.4 m)(10.7 m)(7.5 m)(13.7 m)(520 k)

Cash From Operating Activities

18.1 m20.3 m16.5 m23.2 m18.7 m(1.7 m)11.7 m19.3 m(15.1 m)

Capital Expenditures

(26.7 m)(1 m)(3 m)(5.1 m)(724 k)(3.3 m)(5.4 m)(391 k)

Cash From Investing Activities

(20.4 m)(25.8 m)(1 m)(2.9 m)(5 m)3.8 m2 m(391 k)

Cash From Financing Activities

(2.9 m)(4.4 m)(1.5 m)(2.9 m)(4.4 m)(146 k)(295 k)(440 k)(1 m)

Free Cash Flow

(6.4 m)15.5 m20.2 m13.6 m(2.4 m)8.4 m13.9 m(15.5 m)
USDY, 2017

Revenue/Employee

32.3 k

Financial Leverage

1.2 x

Gulf Island Fabrication Market Value History

Traffic Overview of Gulf Island Fabrication

Gulf Island Fabrication Company Life and Culture

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