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Gulf Island Fabrication Inc (GIFI.OQ)

GIFI.OQ on NASDAQ Stock Exchange Global Select Market

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Latest Key Developments (Source: Significant Developments)

Gulf Island Fabrication Entered Third Amendment To Some Credit Agreement On Aug 27
Tuesday, 28 Aug 2018 08:41am EDT 

Aug 28 (Reuters) - Gulf Island Fabrication Inc ::GULF ISLAND FABRICATION INC - ON AUGUST 27, ENTERED THIRD AMENDMENT TO SOME CREDIT AGREEMENT DATED JUNE 9, 2017 - SEC FILING.GULF ISLAND FABRICATION-3RD AMENDMENT LOWERS BASE TANGIBLE NET WORTH REQUIREMENT TO $180.0 MILLION FROM $185.0 MILLION IN MINIMUM TANGIBLE NET WORTH COVENANT.GULF ISLAND FABRICATION INC - THIRD AMENDMENT ALSO EXTENDS THE TERMINATION DATE OF THE CREDIT AGREEMENT BY ONE YEAR TO JUNE 9, 2020.  Full Article

Gulf Island Fabrication Reports Q1 Loss Per Share Of $0.35
Thursday, 26 Apr 2018 04:15pm EDT 

April 26 (Reuters) - Gulf Island Fabrication Inc ::GULF ISLAND FABRICATION, INC. REPORTS FIRST QUARTER RESULTS.Q1 LOSS PER SHARE $0.35.Q1 REVENUE $49.7 MILLION VERSUS $38 MILLION.  Full Article

Piton Capital Partners Says On April 4, Proposed To Some Representatives Of Gulf Island Fabrication That Its Board Be Reduced In Size
Friday, 6 Apr 2018 05:45pm EDT 

April 6 (Reuters) - Gulf Island Fabrication Inc ::PITON CAPITAL PARTNERS SAYS ON APRIL 4, PROPOSED TO SOME REPRESENTATIVES OF GULF ISLAND FABRICATION INC THAT ITS BOARD BE REDUCED IN SIZE - SEC FILING.IDENTIFIED DIRECTORS TO GULF'S BOARD.PITON CAPITAL PARTNERS SAYS ON APRIL 4, ALSO PROPOSED TO REDUCE THE AGGREGATE COMPENSATION AMOUNT PAID TO EACH GULF ISLAND FABRICATION DIRECTOR.PITON CAPITAL PARTNERS LLC REPORTS A 7.9 PCT STAKE IN GULF ISLAND FABRICATION INC AS OF APRIL 4 .  Full Article

Piton Capital Partners Reports 7.1 Pct Stake In Gulf Island Fabrication
Thursday, 22 Mar 2018 04:39pm EDT 

March 22 (Reuters) - Gulf Island Fabrication Inc ::PITON CAPITAL PARTNERS LLC REPORTS 7.1% STAKE IN GULF ISLAND FABRICATION AS OF MARCH 21 - SEC FILING‍​.PITON CAPITAL PARTNERS - ACQUIRED GULF ISLAND FABRICATION SHARES BECAUSE IT BELIEVES SHARES ARE "UNDERVALUED".  Full Article

Gulf Island Fabrication Signs Contract For Construction, Delivery Of 1 Towing, Salvage And Rescue Ship Vessel With U.S. Navy
Monday, 19 Mar 2018 04:35pm EDT 

March 19 (Reuters) - Gulf Island Fabrication Inc ::GULF ISLAND FABRICATION - SIGNED CONTRACT FOR CONSTRUCTION, DELIVERY OF 1 TOWING, SALVAGE AND RESCUE SHIP VESSEL WITH U.S. NAVY.GULF ISLAND FABRICATION - CONTRACT WITH U.S. NAVY INCLUDES OPTION FOR 7 ADDITIONAL VESSELS.GULF ISLAND FABRICATION - REVENUE BACKLOG & MAN-HOURS ESTIMATES ASSOCIATED WITH PROJECT TO BE INCLUDED IN RESULTS FOR QUARTER-ENDING MARCH 31.GULF ISLAND FABRICATION - A UNIT HAS ALSO SIGNED CONTRACT WITH U.S. WIND INC FOR 1 MET TOWER & PLATFORM.  Full Article

Gulf Island Fabrication Reports Q4 Loss Per Share $1.63
Monday, 26 Feb 2018 04:35pm EST 

Feb 26 (Reuters) - Gulf Island Fabrication Inc ::GULF ISLAND FABRICATION REPORTS FOURTH QUARTER RESULTS.Q4 LOSS PER SHARE $1.63.Q4 REVENUE $37.3 MILLION VERSUS $55.5 MILLION.GULF ISLAND FABRICATION - HAD REVENUE BACKLOG OF $222.6 MILLION AT DEC 31, 2017 VERSUS A REVENUE BACKLOG OF $133.0 MILLION REPORTED AS OF DEC 31, 2016.GULF ISLAND FABRICATION - ‍BOARD ELECTED TO SUSPEND QTRLY DIVIDEND OF $0.01/ SHARE CONSISTENT WITH EFFORT TO "CONSERVE" CASH​.GULF ISLAND FABRICATION-EXPECT TO RECOGNIZE REVENUE FROM BACKLOG OF ABOUT $158.1 MILLION AND $56.6 MILLION DURING YEARS 2018 AND 2019, RESPECTIVELY.  Full Article

Gulf Island Fabrication Says Entered Into Agreement With Buckeye Pipe Line
Thursday, 21 Dec 2017 03:24pm EST 

Dec 21 (Reuters) - Gulf Island Fabrication Inc ::GULF ISLAND FABRICATION - ON DEC 20, UNIT ENTERED INTO AGREEMENT WITH BUCKEYE PIPE LINE CO L.P. TO SELL ONE OF CO'S FABRICATION YARDS IN SOUTH TEXAS.GULF ISLAND FABRICATION SAYS UNDER AGREEMENT, BUCKEYE HAS EXCLUSIVE OPTION TO PURCHASE PROPERTY FOR $55 MILLION THROUGH APRIL 25, 2018 - SEC FILING.  Full Article

Gulf Island Announces Contract Award From St. Lawrence Seaway Development Corp
Wednesday, 20 Dec 2017 11:30am EST 

Dec 20 (Reuters) - Gulf Island Fabrication Inc ::GULF ISLAND FABRICATION - THROUGH UNIT GULF ISLAND SHIPYARDS, HAS BEEN AWARDED CONTRACT FROM SAINT LAWRENCE SEAWAY DEVELOPMENT CORPORATION.GULF ISLAND FABRICATION - CONTRACT DELIVERY IS EXPECTED IN SPRING TO SUMMER OF 2019.  Full Article

Gulf Island Fabrication files for mixed shelf of up to $200 mln
Friday, 17 Nov 2017 05:25pm EST 

Nov 17 (Reuters) - Gulf Island Fabrication Inc :Gulf Island Fabrication Inc files for mixed shelf of up to $200 million - SEC filing.  Full Article

Gulf Island Fabrication Q3 loss per share $0.21
Thursday, 26 Oct 2017 04:10pm EDT 

Oct 26 (Reuters) - Gulf Island Fabrication Inc ::Gulf Island Fabrication, Inc reports third quarter earnings.Q3 loss per share $0.21.Q3 revenue $49.9 million versus $65.4 million.Gulf island fabrication inc - ‍company had revenue backlog of $251.7 million and labor backlog of approximately 1.6 million labor hours at September 30, 2017​.Gulf island fabrication-on initial assessment of damages from hurricane Harvey, insurance coverage, believe no basis to record net loss at this time​.  Full Article