Gulf Island is a leading fabricator of complex steel structures, modules and marine vessels, and a provider of project management, hookup, commissioning, repair, maintenance and civil construction services. The Company's customers include U.S. and international energy producers; refining, petrochemical, LNG, industrial, power and marine operators; EPC companies; and certain agencies of the U.S. government. The Company operates and manages its business through two operating divisions: Fabrication & Services and Shipyard, with its corporate headquarters located in Houston, Texas and operating facilities located in Houma, Jennings and Lake Charles, Louisiana.
Company profile
Ticker
GIFI
Exchange
Website
CEO
Richard W. Heo
Employees
Incorporated
Location
Fiscal year end
Sector
Industry (SIC)
SEC CIK
Corporate docs
IRS number
721147390
GIFI stock data
Latest filings (excl ownership)
8-K
Other Events
24 May 23
8-K
Departure of Directors or Certain Officers
18 May 23
10-Q
2023 Q1
Quarterly report
9 May 23
8-K
Reports First Quarter 2023 Results
9 May 23
ARS
2022 FY
Annual report to shareholders
14 Apr 23
DEF 14A
Definitive proxy
14 Apr 23
10-K
2022 FY
Annual report
28 Mar 23
8-K
Reports Fourth Quarter and Full-year 2022 Results
28 Mar 23
8-K
Departure of Directors or Certain Officers
23 Mar 23
8-K
Other Events
3 Mar 23
Transcripts
GIFI
Earnings call transcript
2022 Q4
28 Mar 23
GIFI
Earnings call transcript
2022 Q4
28 Mar 23
GIFI
Earnings call transcript
2022 Q3
12 Nov 22
GIFI
Earnings call transcript
2022 Q3
8 Nov 22
GIFI
Earnings call transcript
2022 Q2
13 Aug 22
GIFI
Earnings call transcript
2022 Q2
13 Aug 22
GIFI
Earnings call transcript
2022 Q1
13 May 22
GIFI
Earnings call transcript
2022 Q1
13 May 22
GIFI
Earnings call transcript
2021 Q3
10 Nov 21
GIFI
Earnings call transcript
2021 Q3
10 Nov 21
Latest ownership filings
Financial summary
| Quarter (USD) | Mar 23 | Dec 22 | Sep 22 | Jun 22 | |
|---|---|---|---|---|---|
| Revenue | |||||
| Cost of revenue | |||||
| Operating income | |||||
| Operating margin | |||||
| Net income | |||||
| Net profit margin | |||||
| Cash on hand | |||||
| Change in cash | |||||
| Diluted EPS |
| Annual (USD) | Dec 22 | Dec 21 | Dec 20 | Dec 19 | |
|---|---|---|---|---|---|
| Revenue | |||||
| Cost of revenue | |||||
| Operating income | |||||
| Operating margin | |||||
| Net income | |||||
| Net profit margin | |||||
| Cash on hand | |||||
| Change in cash | |||||
| Diluted EPS |
| Cash burn rate (est.) | Burn method: Change in cash | Burn method: Operating income | Burn method: FCF (opex + capex) | Last Q | Avg 4Q | Last Q | Avg 4Q | Last Q | Avg 4Q |
|---|---|---|---|---|---|---|
| Cash on hand (at last report) | 29.72 mm | 29.72 mm | 29.72 mm | 29.72 mm | 29.72 mm | 29.72 mm |
| Cash burn (monthly) | 1.70 mm | 1.09 mm | (no burn) | (no burn) | (no burn) | (no burn) |
| Cash used (since last report) | 3.94 mm | 2.52 mm | n/a | n/a | n/a | n/a |
| Cash remaining | 25.78 mm | 27.20 mm | n/a | n/a | n/a | n/a |
| Runway (months of cash) | 15.1 | 25.0 | n/a | n/a | n/a | n/a |
Institutional ownership, Q1 2023
60.2% owned by funds/institutions
| 13F holders | Current |
|---|---|
| Total holders | 41 |
| Opened positions | 3 |
| Closed positions | 5 |
| Increased positions | 12 |
| Reduced positions | 6 |
| 13F shares | Current |
|---|---|
| Total value | 13.63 bn |
| Total shares | 9.72 mm |
| Total puts | 12.10 k |
| Total calls | 4.60 k |
| Total put/call ratio | 2.6 |
| Largest owners | Shares | Value |
|---|---|---|
| Wax Asset Management | 1.85 mm | $6.19 mm |
| Piton Capital Partners | 1.81 mm | $8.64 mm |
| First Wilshire Securities Management | 1.05 mm | $3.90 mm |
| Solas Capital Management | 881.72 k | $3.26 bn |
| PVAM Perlus Microcap Fund | 659.61 k | $2.41 mm |
| Dimensional Fund Advisors | 654.10 k | $2.42 bn |
| Renaissance Technologies | 606.62 k | $2.25 mm |
| Vanguard | 577.45 k | $2.14 bn |
| BLK Blackrock | 252.59 k | $934.58 mm |
| Adage Capital Partners GP, L.L.C. | 177.02 k | $654.98 mm |
Recent insider trades
| Date | Owner | Security | Transaction | Code | Indirect | 10b5-1 | $Price | #Shares | $Value | #Remaining |
|---|---|---|---|---|---|---|---|---|---|---|
| 1 Jun 23 | Robert M Averick | Common Stock | Option exercise | Acquire M | No | No | 0 | 8,000 | 0.00 | 8,000 |
| 1 Jun 23 | Robert M Averick | RSU Common Stock | Option exercise | Dispose M | No | No | 0 | 8,000 | 0.00 | 8,000 |
| 1 Jun 23 | William E Chiles | Common Stock | Option exercise | Acquire M | No | No | 0 | 11,600 | 0.00 | 37,754 |
| 1 Jun 23 | William E Chiles | RSU Common Stock | Option exercise | Dispose M | No | No | 0 | 11,600 | 0.00 | 0 |
| 1 Jun 23 | Michael J Keeffe | Common Stock | Option exercise | Acquire M | No | No | 0 | 8,000 | 0.00 | 23,089 |
| 1 Jun 23 | Michael J Keeffe | RSU Common Stock | Option exercise | Dispose M | No | No | 0 | 8,000 | 0.00 | 0 |
| 1 Jun 23 | Burns Murray W. | Common Stock | Option exercise | Acquire M | No | No | 0 | 8,000 | 0.00 | 38,280 |
| 1 Jun 23 | Burns Murray W. | RSU Common Stock | Option exercise | Dispose M | No | No | 0 | 8,000 | 0.00 | 0 |
| 1 Jun 23 | Richard C D | Common Stock | Option exercise | Acquire M | No | No | 0 | 8,000 | 0.00 | 12,125 |
| 1 Jun 23 | Richard C D | RSU Common Stock | Option exercise | Dispose M | No | No | 0 | 8,000 | 0.00 | 0 |
News
Top 4 Energy Stocks That Could Blast Off This Quarter
24 May 23
Gulf Island Fabrication Q1 EPS $0.04 Up From $(0.32) YoY, Sales $62.17M Up From $28.69M YoY
9 May 23
Earnings Scheduled For May 9, 2023
9 May 23
Gulf Island Fabrication Q4 EPS $0.04 Beats $(0.04) Estimate, Sales $38.14M Beat $25.61M Estimate
28 Mar 23
Earnings Scheduled For March 28, 2023
28 Mar 23
Press releases
Gulf Island Reports First Quarter 2023 Results
9 May 23
Gulf Island Announces First Quarter 2023 Results Conference Call Date
5 May 23
Gulf Island Awarded Fabrication Contract to Support NASA Mobile Launcher 2 Project
3 May 23
Gulf Island Reports Fourth Quarter and Full-Year 2022 Results
28 Mar 23
Gulf Island Announces Fourth Quarter and Full-Year 2022 Results Conference Call Date
27 Mar 23