Gulf Island Fabrication, Inc. (GIFI)

Gulf Island Fabrication Income Statement

Financials in millions USD. Fiscal year is January - December.

Fiscal Year	TTM	FY 2024	FY 2023	FY 2022	FY 2021	FY 2020
Period Ending	Mar 31, 2025	Dec 31, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021	Dec 31, 2020
Revenue	156.59	159.2	151.07	142.32	93.45	117.73
Revenue Growth (YoY)	18.83%	5.38%	6.15%	52.29%	-20.62%	-61.19%
Cost of Revenue	133.85	136.95	162.97	134.43	91.79	125.6
Gross Profit	22.74	22.25	-11.9	7.9	1.66	-7.87
Selling, General & Admin	13.27	13.52	13.08	18.21	11.85	12.73
Other Operating Expenses	-0.38	-0.45	-1.5	-0.09	-1	0.02
Operating Expenses	12.89	13.07	11.58	18.13	10.85	12.75
Operating Income	9.85	9.18	-23.48	-10.23	-9.18	-20.61
Interest Expense	-	-	-	-	-0.4	-0.27
Interest & Investment Income	2.42	2.41	1.44	0.09	-	-
EBT Excluding Unusual Items	12.27	11.59	-22.04	-10.15	-9.58	-20.88
Merger & Restructuring Charges	-1.1	-0.9	-0.7	-	-0.5	-0.9
Gain (Loss) on Sale of Assets	1.1	4	-	-	-	-0.2
Asset Writedown	-	-	-	-0.48	-	-1.39
Legal Settlements	-	-	-3.2	-	-	-
Other Unusual Items	-	-	-0.5	-0.2	5.26	9.2
Pretax Income	12.27	14.69	-24.44	-3.33	-4.82	-14.17
Income Tax Expense	-0.06	-0.05	-0.04	0.02	-0.02	-0.05
Earnings From Continuing Operations	12.33	14.74	-24.4	-3.35	-4.8	-14.12
Earnings From Discontinued Operations	-	-	-	-	-17.37	-13.31
Net Income	12.33	14.74	-24.4	-3.35	-22.17	-27.43
Net Income to Common	12.33	14.74	-24.4	-3.35	-22.17	-27.43
Shares Outstanding (Basic)	16	16	16	16	16	15
Shares Outstanding (Diluted)	17	17	16	16	16	15
Shares Change (YoY)	3.07%	3.47%	2.23%	2.13%	1.32%	0.53%
EPS (Basic)	0.75	0.90	-1.51	-0.21	-1.43	-1.79
EPS (Diluted)	0.74	0.88	-1.51	-0.21	-1.43	-1.79
Free Cash Flow	10.35	12.9	4.32	-12.01	-26.3	-30.22
Free Cash Flow Per Share	0.62	0.77	0.27	-0.76	-1.70	-1.97
Gross Margin	14.52%	13.98%	-7.88%	5.55%	1.78%	-6.68%
Operating Margin	6.29%	5.77%	-15.54%	-7.19%	-9.83%	-17.51%
Profit Margin	7.87%	9.26%	-16.15%	-2.35%	-23.72%	-23.30%
Free Cash Flow Margin	6.61%	8.11%	2.86%	-8.44%	-28.14%	-25.67%
EBITDA	14.78	14.04	-18.02	-5.13	-3.8	-12
EBITDA Margin	9.44%	8.82%	-11.93%	-3.61%	-4.06%	-10.19%
D&A For EBITDA	4.93	4.87	5.47	5.1	5.39	8.62
EBIT	9.85	9.18	-23.48	-10.23	-9.18	-20.61
EBIT Margin	6.29%	5.77%	-15.54%	-7.19%	-9.83%	-17.51%

Updated Mar 5, 2025. Source: S&P Global Market Intelligence. Standard template. Financial Sources.

SEC Filings: 10-K · 10-Q